FirstService Co. (NASDAQ:FSV) to Issue $0.25 Quarterly Dividend

FirstService Co. (NASDAQ:FSV - Get Free Report) TSE: FSV announced a quarterly dividend on Friday, December 6th,Wall Street Journal reports. Investors of record on Tuesday, December 31st will be paid a dividend of 0.25 per share by the financial services provider on Tuesday, January 7th. This represents a $1.00 annualized dividend and a yield of 0.52%. The ex-dividend date of this dividend is Tuesday, December 31st.

FirstService has raised its dividend payment by an average of 10.9% annually over the last three years. FirstService has a dividend payout ratio of 17.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect FirstService to earn $5.21 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 19.2%.

FirstService Trading Down 1.1 %

FSV stock traded down $2.21 during midday trading on Friday, hitting $192.05. The company had a trading volume of 51,714 shares, compared to its average volume of 83,642. The stock has a market cap of $8.67 billion, a price-to-earnings ratio of 80.94 and a beta of 1.04. FirstService has a 52 week low of $141.26 and a 52 week high of $197.84. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 1.13. The stock's 50 day moving average price is $187.17 and its 200 day moving average price is $172.27.

FirstService (NASDAQ:FSV - Get Free Report) TSE: FSV last posted its quarterly earnings results on Thursday, October 24th. The financial services provider reported $1.63 EPS for the quarter, beating analysts' consensus estimates of $1.42 by $0.21. The company had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.32 billion. FirstService had a net margin of 2.19% and a return on equity of 16.68%. The firm's revenue was up 25.0% compared to the same quarter last year. During the same period in the prior year, the business posted $1.18 EPS. As a group, equities research analysts expect that FirstService will post 4.58 earnings per share for the current fiscal year.

Analysts Set New Price Targets

FSV has been the topic of several recent analyst reports. StockNews.com raised FirstService from a "hold" rating to a "buy" rating in a research note on Friday, October 25th. TD Securities boosted their target price on FirstService from $179.00 to $182.00 and gave the company a "hold" rating in a research note on Thursday, October 17th. Scotiabank raised their price target on FirstService from $190.00 to $200.00 and gave the stock a "sector perform" rating in a research note on Tuesday, October 15th. Finally, Stifel Nicolaus boosted their price objective on shares of FirstService from $200.00 to $215.00 and gave the company a "buy" rating in a research report on Monday, October 21st. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $198.33.

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.

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