FirstService (NASDAQ:FSV) Posts Quarterly Earnings Results, Beats Estimates By $0.21 EPS

FirstService (NASDAQ:FSV - Get Free Report) TSE: FSV posted its quarterly earnings results on Thursday. The financial services provider reported $1.63 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.21, Briefing.com reports. The company had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.32 billion. FirstService had a return on equity of 15.60% and a net margin of 1.73%. The firm's quarterly revenue was up 25.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.18 EPS.

FirstService Trading Up 0.0 %

Shares of FSV traded up $0.04 during mid-day trading on Friday, reaching $189.69. The company's stock had a trading volume of 86,222 shares, compared to its average volume of 72,498. FirstService has a 52 week low of $134.77 and a 52 week high of $192.71. The stock has a market cap of $8.56 billion, a PE ratio of 105.97 and a beta of 1.05. The company's fifty day moving average price is $180.92 and its two-hundred day moving average price is $164.53. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 1.23.

FirstService Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, October 7th. Shareholders of record on Monday, September 30th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.53%. The ex-dividend date was Monday, September 30th. FirstService's dividend payout ratio (DPR) is presently 55.87%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on FSV shares. Stifel Nicolaus boosted their target price on shares of FirstService from $200.00 to $215.00 and gave the company a "buy" rating in a report on Monday, October 21st. Scotiabank raised their target price on FirstService from $190.00 to $200.00 and gave the stock a "sector perform" rating in a research note on Tuesday, October 15th. TD Securities upped their price target on FirstService from $179.00 to $182.00 and gave the company a "hold" rating in a research report on Thursday, October 17th. Royal Bank of Canada raised their price objective on shares of FirstService from $187.00 to $192.00 and gave the company an "outperform" rating in a research report on Friday, July 26th. Finally, StockNews.com raised shares of FirstService from a "hold" rating to a "buy" rating in a report on Friday. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $198.33.

About FirstService

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.