FY2024 EPS Estimates for FirstService Lifted by Scotiabank

FirstService Co. (TSE:FSV - Free Report) NASDAQ: FSV - Equities researchers at Scotiabank increased their FY2024 EPS estimates for FirstService in a research report issued to clients and investors on Wednesday, January 8th. Scotiabank analyst H. Gupta now anticipates that the company will post earnings per share of $6.68 for the year, up from their prior estimate of $5.92. The consensus estimate for FirstService's current full-year earnings is $7.52 per share. Scotiabank also issued estimates for FirstService's FY2025 earnings at $7.74 EPS.

Separately, TD Securities lifted their price objective on FirstService from C$182.00 to C$194.00 and gave the company a "hold" rating in a research note on Monday, October 28th.

FirstService Price Performance

Shares of FSV traded down C$5.01 during mid-day trading on Friday, reaching C$251.87. 102,029 shares of the stock traded hands, compared to its average volume of 57,045. The company has a market cap of C$11.34 billion, a price-to-earnings ratio of 103.65, a price-to-earnings-growth ratio of 107.75 and a beta of 0.96. FirstService has a 1 year low of C$193.77 and a 1 year high of C$278.19. The firm has a fifty day moving average price of C$264.43 and a 200 day moving average price of C$244.60. The company has a current ratio of 1.74, a quick ratio of 1.25 and a debt-to-equity ratio of 105.28.

Insider Transactions at FirstService

In other news, Senior Officer Douglas G. Cooke sold 1,600 shares of the stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of C$262.75, for a total transaction of C$420,400.00. Also, Director Erin Joy Wallace sold 4,425 shares of the firm's stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of C$272.31, for a total value of C$1,204,982.02. Over the last 90 days, insiders sold 14,225 shares of company stock valued at $3,777,120. 10.26% of the stock is owned by corporate insiders.

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.