Insider Selling: FirstService Co. (TSE:FSV) Director Sells 100 Shares of Stock

FirstService Co. (TSE:FSV) (NASDAQ:FSV) Director Joan Eloise Sproul sold 100 shares of the firm’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of C$243.91, for a total transaction of C$24,391.00.

FirstService Price Performance

Shares of TSE:FSV traded up C$1.44 on Friday, reaching C$246.00. 86,676 shares of the company traded hands, compared to its average volume of 72,737. 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 stock has a market capitalization of C$11.07 billion, a PE ratio of 101.06, a P/E/G ratio of 107.75 and a beta of 0.97. The company’s 50 day moving average is C$235.14 and its 200-day moving average is C$219.62. FirstService Co. has a fifty-two week low of C$187.25 and a fifty-two week high of C$250.66.

FirstService (TSE:FSV) (NASDAQ:FSV) last posted its quarterly earnings data on Thursday, July 25th. The company reported C$1.71 EPS for the quarter, beating analysts’ consensus estimates of C$1.58 by C$0.13. The company had revenue of C$1.78 billion during the quarter, compared to analyst estimates of C$1.76 billion. FirstService had a net margin of 1.73% and a return on equity of 9.46%. As a group, analysts anticipate that FirstService Co. will post 7.5382739 earnings per share for the current fiscal year.

FirstService Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 7th. Stockholders of record on Monday, September 30th will be given a $0.337 dividend. The ex-dividend date of this dividend is Friday, September 27th. This represents a $1.35 annualized dividend and a dividend yield of 0.55%. FirstService’s dividend payout ratio (DPR) is presently 56.20%.

FirstService Company Profile

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.