FY2024 EPS Estimate for FirstService Increased by Analyst

FirstService Co. (TSE:FSV) (NASDAQ:FSV) – Equities research analysts at Scotiabank lifted their FY2024 earnings per share (EPS) estimates for shares of FirstService in a research report issued on Wednesday, January 8th. Scotiabank analyst H. Gupta now expects that the company will earn $6.68 per share for the year, up from their prior estimate of $5.92. The consensus estimate for FirstService’s current full-year earnings is $7.52 per share. Scotiabank also issued estimates for FirstService’s FY2025 earnings at $7.74 EPS.

Separately, TD Securities raised their price target on shares of FirstService from C$182.00 to C$194.00 and gave the company a “hold” rating in a research note on Monday, October 28th.

FirstService Stock Down 2.0 %

FirstService stock opened at C$251.87 on Friday. The company has a quick ratio of 1.25, a current ratio of 1.74 and a debt-to-equity ratio of 105.28. FirstService has a 52 week low of C$193.77 and a 52 week high of C$278.19. The business’s 50-day moving average price is C$264.43 and its 200 day moving average price is C$244.87. The firm has a market cap of C$11.34 billion, a price-to-earnings ratio of 103.65, a price-to-earnings-growth ratio of 107.75 and a beta of 0.96.

Insiders Place Their Bets

In other FirstService news, Director Joan Eloise Sproul sold 200 shares of FirstService stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of C$268.69, for a total value of C$53,738.00. Also, Senior Officer Douglas G. Cooke sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of C$262.70, for a total transaction of C$1,313,500.00. Insiders have sold 14,225 shares of company stock worth $3,777,120 over the last three months. Company insiders own 10.26% of the company’s stock.

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.