Analysts Issue Forecasts for FirstService FY2024 Earnings

FirstService Co. (TSE:FSV - Free Report) NASDAQ: FSV - Analysts at Stifel Canada increased their FY2024 earnings estimates for shares of FirstService in a note issued to investors on Sunday, January 26th. Stifel Canada analyst D. Young now forecasts that the company will post earnings of $6.62 per share for the year, up from their previous forecast of $6.39. The consensus estimate for FirstService's current full-year earnings is $7.52 per share. Stifel Canada also issued estimates for FirstService's Q4 2024 earnings at $1.78 EPS.

Separately, TD Securities upped their target price on shares of FirstService from C$182.00 to C$194.00 and gave the company a "hold" rating in a research report on Monday, October 28th.

FirstService Trading Down 1.0 %

Shares of FSV traded down C$2.58 during trading hours on Tuesday, hitting C$264.31. 93,640 shares of the stock traded hands, compared to its average volume of 61,570. The business has a fifty day moving average of C$264.97 and a 200-day moving average of C$249.89. The company has a current ratio of 1.74, a quick ratio of 1.25 and a debt-to-equity ratio of 105.28. The firm has a market capitalization of C$11.90 billion, a PE ratio of 108.77, 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.

Insider Buying and Selling at FirstService

In related news, Director Joan Eloise Sproul sold 200 shares of the business's stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of C$268.69, for a total value of C$53,738.00. Also, Director Erin Joy Wallace sold 4,425 shares of the firm's stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of C$272.31, for a total value of C$1,204,982.02. Over the last ninety days, insiders sold 14,225 shares of company stock valued at $3,777,120. Company insiders own 10.26% of the company's stock.

FirstService Company Profile

FirstService Corp operates in two business divisions: FirstService Residential and FirstService Brands. FirstService Residential has service contracts to manage thousands of residential communities, including high-, medium-, and low-rise condominiums and co-operatives, and generates most of the company's revenue.