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FirstService (TSE:FSV) Hits New 1-Year High - Still a Buy?

FirstService logo with Real Estate background

FirstService Co. (TSE:FSV - Get Free Report) NASDAQ: FSV's share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$265.72 and last traded at C$258.78, with a volume of 65130 shares. The stock had previously closed at C$255.56.

FirstService Trading Up 2.8 %

The stock has a market cap of C$11.82 billion, a PE ratio of 108.07, a PEG ratio of 107.75 and a beta of 0.96. The company has a debt-to-equity ratio of 105.28, a current ratio of 1.74 and a quick ratio of 1.25. The company's fifty day moving average is C$244.67 and its 200-day moving average is C$223.48.

FirstService (TSE:FSV - Get Free Report) NASDAQ: FSV last released its quarterly earnings results on Thursday, July 25th. The company reported C$1.71 EPS for the quarter, beating the consensus estimate of C$1.58 by C$0.13. FirstService had a net margin of 1.73% and a return on equity of 9.46%. The company had revenue of C$1.78 billion for the quarter, compared to analyst estimates of C$1.76 billion. On average, analysts predict that FirstService Co. will post 7.5161189 earnings per share for the current fiscal year.

FirstService Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, October 7th. Stockholders of record on Monday, September 30th were given a $0.337 dividend. The ex-dividend date of this dividend was Friday, September 27th. This represents a $1.35 annualized dividend and a dividend yield of 0.51%. FirstService's dividend payout ratio (DPR) is 55.56%.

Insider Activity

In related news, Director Erin Joy Wallace sold 11,500 shares of the business's stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of C$174.35, for a total transaction of C$2,004,993.95. Company insiders own 10.26% of the company's stock.

About FirstService

(Get Free Report)

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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