FirstService (FSV) to Release Quarterly Earnings on Thursday

FirstService (NASDAQ:FSV) (TSE:FSV) is scheduled to release its earnings data before the market opens on Thursday, July 25th. Analysts expect FirstService to post earnings of $1.15 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

FirstService (NASDAQ:FSV) (TSE:FSV) last released its quarterly earnings results on Wednesday, April 24th. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.01). The company had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.13 billion. FirstService had a net margin of 2.02% and a return on equity of 16.42%. On average, analysts expect FirstService to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

FirstService Stock Performance

NASDAQ:FSV opened at $166.32 on Wednesday. FirstService has a fifty-two week low of $134.77 and a fifty-two week high of $171.94. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.00 and a current ratio of 2.00. The company has a 50 day moving average price of $152.59 and a 200 day moving average price of $158.07. The stock has a market capitalization of $7.48 billion, a P/E ratio of 82.34 and a beta of 1.05.

FirstService Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, July 5th. Stockholders of record on Friday, June 28th were given a dividend of $0.25 per share. The ex-dividend date was Friday, June 28th. This represents a $1.00 annualized dividend and a dividend yield of 0.60%. FirstService’s dividend payout ratio is currently 49.50%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on FSV. Scotiabank increased their target price on FirstService from $170.00 to $175.00 and gave the stock a “sector perform” rating in a research note on Friday, July 12th. BMO Capital Markets increased their price target on shares of FirstService from $193.00 to $196.00 and gave the stock an “outperform” rating in a research report on Friday, June 7th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, FirstService presently has an average rating of “Moderate Buy” and an average target price of $187.60.

FirstService Company Profile

FirstService Corporation, together with its subsidiaries, provides residential property management and other essential property services to residential and commercial customers in the United States and Canada. It operates through two segments: FirstService Residential and FirstService Brands. The FirstService Residential segment offers services for private residential communities, such as condominiums, co-operatives, homeowner associations, master-planned communities, active adult and lifestyle communities, and various other residential developments.