FirstService (FSV) Stock Price, News & Analysis

Company Overview

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. This segment provides a range of ancillary services, including on-site staffing for building engineering and maintenance, full-service amenity management, and security and concierge/front desk; and financial services comprising cash management, other banking transaction-related, and specialized property insurance brokerage. In addition, this segment offers energy management solutions and advisory services, and resale processing services. Its FirstService Brands segment operates and provides essential property services to residential and commercial customers through franchise networks; and company-owned operations, including California Closets, Paul Davis Restoration, and CertaPro Painters operations. It provides residential and commercial restoration, painting, and floor coverings design and installation services; custom-designed and installed closet, and home storage solutions; home inspection services; and fire protection and related services. This segment offers its services primarily under the Paul Davis Restoration, Roofing Corp of America, First Onsite property Restoration, Century Fire Protection, CertaPro Painters, California Closets, Pillar to Post Home Inspectors, and Floor Coverings International brand names. FirstService Corporation was incorporated in 1988 and is headquartered in Toronto, Canada.

Key Stats

• Today's Range: $185.21 to $188.44
• 50-Day Range: $176.17 to $190.85
• 52-Week Range: $141.26 to $192.71
• Volume: 198,617 shs
• Average Volume: 96,020 shs
• Market Capitalization: $8.50 billion
• P/E Ratio: 78.52
• Dividend Yield: 0.53%
• Price Target: $198.33
• Consensus Rating: Moderate Buy

FirstService Stock Analysis - MarketRank™

FirstService scored higher than 57% of companies evaluated by MarketBeat, and ranked 563rd out of 930 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

FirstService has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 4 buy ratings, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

FirstService has only been the subject of 3 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 13.76%

Earnings Growth

Earnings for FirstService are expected to grow by 13.76% in the coming year, from $4.58 to $5.21 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of FirstService is 78.52, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.33.

Price to Earnings Ratio vs. Sector

The P/E ratio of FirstService is 78.52, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 49.60.

Price to Book Value per Share Ratio

FirstService has a P/B Ratio of 8.22. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.36% of the float of FirstService has been sold short.

Short Interest Ratio / Days to Cover

FirstService has a short interest ratio ("days to cover") of 1.9, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in FirstService has recently decreased by 13.53%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

FirstService has a dividend yield of 0.54%, which is in the bottom 25% of all stocks that pay dividends.

Dividend Growth

FirstService does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of FirstService is 41.67%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, FirstService will have a dividend payout ratio of 19.19% next year. This indicates that FirstService will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

0.36% of the float of FirstService has been sold short.

Short Interest Ratio / Days to Cover

FirstService has a short interest ratio ("days to cover") of 1.9, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in FirstService has recently decreased by 13.53%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.0 / 5
• News Sentiment: 1.49

News Sentiment

FirstService has a news sentiment score of 1.49. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.76 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 11 news articles for FirstService this week, compared to 4 articles on an average week.

Search Interest

Only 2 people have searched for FSV on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, FirstService insiders have not sold or bought any company stock.

Percentage Held by Institutions

69.35% of the stock of FirstService is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

FSV Stock Analysis - Frequently Asked Questions

How have FSV shares performed this year?

FirstService's stock was trading at $162.09 on January 1st, 2024. Since then, FSV shares have increased by 16.3% and is now trading at $188.44.
View the best growth stocks for 2024 here.

How were FirstService's earnings last quarter?

FirstService Co. (NASDAQ:FSV) released its quarterly earnings data 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's quarterly revenue was up 25.0% on a year-over-year basis.

Who are FirstService's major shareholders?

Top institutional shareholders of FirstService include The Manufacturers Life Insurance Company (4.69%), Conestoga Capital Advisors LLC (3.22%), Fred Alger Management LLC (1.66%) and Connor Clark & Lunn Investment Management Ltd. (1.03%).

How do I buy shares of FirstService?

Shares of FSV stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of FirstService own?

Based on aggregate information from My MarketBeat watchlists, some other companies that FirstService investors own include Netflix (NFLX), HubSpot (HUBS), Applied Materials (AMAT), NVIDIA (NVDA), QUALCOMM (QCOM), Adobe (ADBE) and Costco Wholesale (COST).

Company Calendar

• Ex-Dividend for 10/7 Dividend: 9/30/2024
• Dividend Payable: 10/07/2024
• Last Earnings: 10/24/2024
• Today: 11/21/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/04/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: Real estate
• Sub-Industry: Real Estate
• Current Symbol: NASDAQ:FSV
• CUSIP: N/A
• CIK: 1637810
• Web: www.firstservice.com
• Phone: (416) 960-9566
• Fax: 64-7258-0008
• Employees: 29,000
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $198.33
• High Stock Price Target: $215.00
• Low Stock Price Target: $182.00
• Potential Upside/Downside: +5.3%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.67
• Research Coverage: 6 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $2.40
• Trailing P/E Ratio: 78.52
• Forward P/E Ratio: 41.14
• P/E Growth: N/A
• Net Income: $100.39 million
• Net Margins: 2.19%
• Pretax Margin: 4.55%
• Return on Equity: 16.68%
• Return on Assets: 4.65%

Debt

• Debt-to-Equity Ratio: 1.13
• Current Ratio: 1.79
• Quick Ratio: 1.79

Sales & Book Value

• Annual Sales: $4.33 billion
• Price / Sales: 1.96
• Cash Flow: $6.21 per share
• Price / Cash Flow: 30.35
• Book Value: $25.45 per share
• Price / Book: 7.40

Miscellaneous

• Outstanding Shares: 45,130,000
• Free Float: N/A
• Market Cap: $8.50 billion
• Optionable: Not Optionable
• Beta: 1.05