FirstService Co. (NASDAQ:FSV - Free Report) TSE: FSV - Stock analysts at Raymond James cut their Q1 2025 earnings per share estimates for FirstService in a report released on Thursday, February 6th. Raymond James analyst F. Bastien now forecasts that the financial services provider will post earnings of $0.76 per share for the quarter, down from their prior estimate of $0.82. Raymond James currently has a "Outperform" rating and a $225.00 target price on the stock. The consensus estimate for FirstService's current full-year earnings is $5.28 per share. Raymond James also issued estimates for FirstService's Q2 2025 earnings at $1.47 EPS, Q3 2025 earnings at $1.76 EPS and Q4 2025 earnings at $1.35 EPS.
A number of other equities research analysts have also issued reports on the stock. Stifel Nicolaus increased their target price on shares of FirstService from $200.00 to $215.00 and gave the stock a "buy" rating in a report on Monday, October 21st. StockNews.com upgraded FirstService from a "hold" rating to a "buy" rating in a report on Friday, October 25th. Finally, TD Securities upped their price target on FirstService from $179.00 to $182.00 and gave the stock a "hold" rating in a report on Thursday, October 17th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, FirstService currently has an average rating of "Moderate Buy" and an average price target of $201.67.
Check Out Our Latest Stock Report on FirstService
FirstService Stock Up 2.0 %
Shares of FSV traded up $3.45 during mid-day trading on Monday, hitting $175.73. 95,444 shares of the company's stock were exchanged, compared to its average volume of 130,498. The stock's 50-day moving average is $181.84 and its 200-day moving average is $181.96. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.79 and a current ratio of 1.75. FirstService has a fifty-two week low of $141.26 and a fifty-two week high of $197.84. The company has a market cap of $7.96 billion, a price-to-earnings ratio of 59.17 and a beta of 1.06.
Institutional Trading of FirstService
A number of institutional investors have recently added to or reduced their stakes in FSV. Norges Bank purchased a new position in shares of FirstService in the 4th quarter worth about $98,615,000. Franklin Resources Inc. raised its holdings in FirstService by 486.3% in the third quarter. Franklin Resources Inc. now owns 469,141 shares of the financial services provider's stock valued at $87,308,000 after buying an additional 389,129 shares during the period. Raymond James Financial Inc. acquired a new position in FirstService during the fourth quarter valued at approximately $48,541,000. CIBC Asset Management Inc grew its stake in FirstService by 57.4% during the fourth quarter. CIBC Asset Management Inc now owns 457,735 shares of the financial services provider's stock worth $83,138,000 after buying an additional 166,996 shares during the period. Finally, American Century Companies Inc. increased its position in shares of FirstService by 36.2% in the fourth quarter. American Century Companies Inc. now owns 543,163 shares of the financial services provider's stock worth $98,380,000 after acquiring an additional 144,234 shares in the last quarter. Hedge funds and other institutional investors own 69.35% of the company's stock.
FirstService Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Investors of record on Monday, March 31st will be given a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 0.63%. This is a positive change from FirstService's previous quarterly dividend of $0.25. The ex-dividend date is Monday, March 31st. FirstService's dividend payout ratio (DPR) is 33.67%.
About FirstService
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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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