FirstService (FSV) to Release Quarterly Earnings on Thursday

FirstService (TSE:FSV) (NASDAQ:FSV) is set to release its earnings data before the market opens on Thursday, October 24th. Analysts expect FirstService to post earnings of C$1.85 per share for the quarter.

FirstService (TSE:FSV) (NASDAQ:FSV) last announced its earnings results on Thursday, July 25th. The company reported C$1.71 EPS for the quarter, topping the consensus estimate of C$1.58 by C$0.13. FirstService had a return on equity of 9.46% and a net margin of 1.73%. The firm had revenue of C$1.78 billion for the quarter, compared to analysts’ expectations of C$1.76 billion.

FirstService Price Performance

Shares of TSE:FSV opened at C$256.21 on Tuesday. FirstService has a 12 month low of C$187.25 and a 12 month high of C$261.66. The stock has a market cap of C$11.53 billion, a price-to-earnings ratio of 105.44, a PEG ratio of 107.75 and a beta of 0.96. The stock’s 50 day moving average price is C$243.19 and its 200 day moving average price is C$222.80. The company has a debt-to-equity ratio of 105.28, a current ratio of 1.74 and a quick ratio of 1.25.

FirstService Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, October 7th. Shareholders 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 yield of 0.53%. FirstService’s dividend payout ratio (DPR) is 55.56%.

Insiders Place Their Bets

In other FirstService news, Director Erin Joy Wallace sold 11,500 shares of FirstService stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of C$174.35, for a total value of C$2,004,993.95. 10.26% of the stock is currently owned by company insiders.

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.