FirstService Co. (NASDAQ:FSV) Plans Quarterly Dividend of $0.25

FirstService Co. (NASDAQ:FSV) (TSE:FSV) announced a quarterly dividend on Tuesday, September 10th, Zacks reports. Stockholders of record on Monday, September 30th will be given a dividend of 0.25 per share by the financial services provider on Monday, October 7th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date of this dividend is Friday, September 27th.

FirstService has increased its dividend by an average of 10.9% per year over the last three years. FirstService has a dividend payout ratio of 18.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect FirstService to earn $5.11 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 19.6%.

FirstService Price Performance

NASDAQ:FSV opened at $183.13 on Wednesday. The firm’s fifty day moving average is $174.54 and its two-hundred day moving average is $161.49. The firm has a market cap of $8.24 billion, a price-to-earnings ratio of 90.66 and a beta of 1.05. FirstService has a one year low of $134.77 and a one year high of $183.46. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.84 and a current ratio of 1.84.

FirstService (NASDAQ:FSV) (TSE:FSV) last announced its quarterly earnings results on Thursday, July 25th. The financial services provider reported $1.36 earnings per share for the quarter, beating the consensus estimate of $1.26 by $0.10. The company had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.28 billion. FirstService had a return on equity of 15.60% and a net margin of 1.73%. FirstService’s quarterly revenue was up 15.9% on a year-over-year basis. During the same period last year, the business earned $1.37 earnings per share. Research analysts expect that FirstService will post 4.35 EPS for the current year.

Analyst Ratings Changes

FSV has been the subject of a number of recent analyst reports. Royal Bank of Canada lifted their price objective on shares of FirstService from $187.00 to $192.00 and gave the company an “outperform” rating in a report on Friday, July 26th. BMO Capital Markets raised their price objective on FirstService from $193.00 to $196.00 and gave the company an “outperform” rating in a report on Friday, June 7th. Scotiabank upped their target price on FirstService from $175.00 to $190.00 and gave the stock a “sector perform” rating in a research note on Monday, July 29th. Finally, TD Securities lifted their price target on shares of FirstService from $178.00 to $179.00 and gave the company a “buy” rating in a research note on Wednesday, September 11th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $189.50.

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.