FY2025 EPS Estimates for FirstService Increased by Analyst

FirstService Co. (NASDAQ:FSV - Free Report) TSE: FSV - Investment analysts at Stifel Canada upped their FY2025 earnings per share estimates for shares of FirstService in a research note issued on Monday, January 13th. Stifel Canada analyst D. Young now anticipates that the financial services provider will post earnings per share of $5.18 for the year, up from their previous estimate of $5.07. The consensus estimate for FirstService's current full-year earnings is $4.58 per share.

FirstService (NASDAQ:FSV - Get Free Report) TSE: FSV last posted its earnings results on Thursday, October 24th. The financial services provider reported $1.63 earnings per share for the quarter, topping analysts' consensus estimates of $1.42 by $0.21. FirstService had a return on equity of 16.68% and a net margin of 2.19%. The firm had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter in the prior year, the business earned $1.18 EPS. The business's revenue for the quarter was up 25.0% on a year-over-year basis.

Several other research analysts have also issued reports on the stock. TD Securities increased their price target on shares of FirstService from $179.00 to $182.00 and gave the stock a "hold" rating in a research note on Thursday, October 17th. StockNews.com raised shares of FirstService from a "hold" rating to a "buy" rating in a research note on Friday, October 25th. Scotiabank boosted their price target on FirstService from $190.00 to $200.00 and gave the stock a "sector perform" rating in a research report on Tuesday, October 15th. Finally, Stifel Nicolaus raised their price objective on FirstService from $200.00 to $215.00 and gave the company a "buy" rating in a research report on Monday, October 21st. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $198.33.

FirstService Stock Up 1.5 %

FSV traded up $2.65 during trading on Wednesday, reaching $179.71. The stock had a trading volume of 83,320 shares, compared to its average volume of 116,558. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 1.13. The company has a market capitalization of $8.14 billion, a price-to-earnings ratio of 74.88 and a beta of 1.06. The stock's 50 day moving average is $186.25 and its two-hundred day moving average is $179.31. FirstService has a one year low of $141.26 and a one year high of $197.84.

Institutional Trading of FirstService

A number of institutional investors and hedge funds have recently modified their holdings of FSV. Versant Capital Management Inc purchased a new stake in shares of FirstService during the fourth quarter valued at $29,000. Trust Co. of Vermont bought a new position in FirstService during the 4th quarter valued at about $46,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of FirstService during the 3rd quarter valued at about $53,000. Benjamin Edwards Inc. grew its stake in shares of FirstService by 35.0% in the second quarter. Benjamin Edwards Inc. now owns 351 shares of the financial services provider's stock worth $53,000 after acquiring an additional 91 shares during the period. Finally, Venturi Wealth Management LLC purchased a new position in shares of FirstService during the third quarter valued at approximately $66,000. Institutional investors own 69.35% of the company's stock.

FirstService Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 7th. Investors of record on Tuesday, December 31st were given a $0.25 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $1.00 annualized dividend and a yield of 0.56%. FirstService's dividend payout ratio (DPR) is presently 41.67%.

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.