FirstService (TSE:FSV) Stock Crosses Above Two Hundred Day Moving Average of $220.20

FirstService Co. (TSE:FSV) (NASDAQ:FSV)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$220.20 and traded as high as C$247.73. FirstService shares last traded at C$243.73, with a volume of 282,553 shares changing hands.

FirstService Price Performance

The company has a market cap of C$10.97 billion, a P/E ratio of 100.30, a P/E/G ratio of 107.75 and a beta of 0.97. The company has a current ratio of 1.74, a quick ratio of 1.25 and a debt-to-equity ratio of 105.28. The firm has a 50 day moving average of C$238.07 and a 200-day moving average of C$220.36.

FirstService (TSE:FSV) (NASDAQ:FSV) last posted its earnings results on Thursday, July 25th. The company reported C$1.71 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of C$1.78 billion for the quarter, compared to the consensus estimate of C$1.76 billion. On average, equities research analysts predict that FirstService Co. will post 7.5465152 EPS for the current year.

FirstService Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 7th. Investors of record on Monday, September 30th will be issued a dividend of $0.337 per share. The ex-dividend date is Friday, September 27th. This represents a $1.35 annualized dividend and a yield of 0.55%. FirstService’s payout ratio is presently 55.97%.

Insider Transactions at FirstService

In other news, Director Erin Joy Wallace sold 11,500 shares of the stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of C$174.35, for a total value of C$2,004,993.95. Company insiders own 10.28% of the company’s stock.

About FirstService

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.