FirstService Corp Expected to Post Q1 2019 Earnings of $0.31 Per Share (FSV)

FirstService Corp (NASDAQ:FSV) (TSE:FSV) – Stock analysts at William Blair issued their Q1 2019 earnings per share estimates for shares of FirstService in a research report issued on Wednesday. William Blair analyst S. Sheldon forecasts that the financial services provider will post earnings per share of $0.31 for the quarter. William Blair currently has a “Market Perform” rating on the stock. William Blair also issued estimates for FirstService’s Q2 2019 earnings at $0.87 EPS, Q3 2019 earnings at $0.99 EPS and Q4 2019 earnings at $0.70 EPS.

Other analysts have also recently issued research reports about the company. BidaskClub raised FirstService from a “hold” rating to a “buy” rating in a research report on Wednesday, January 3rd. Zacks Investment Research cut FirstService from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 26th. Scotiabank cut FirstService from an “outperform” rating to a “sector perform” rating in a research report on Thursday, October 26th. Finally, Royal Bank of Canada cut FirstService from an “outperform” rating to a “sector perform” rating and raised their target price for the stock from $71.00 to $75.00 in a research report on Thursday, October 26th. One investment analyst has rated the stock with a sell rating and seven have given a hold rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $69.80.

FirstService (NASDAQ FSV) traded up $0.86 on Monday, hitting $68.64. The stock had a trading volume of 49,500 shares, compared to its average volume of 40,071. The company has a market cap of $2,433.37, a price-to-earnings ratio of 47.34 and a beta of 0.59. The company has a current ratio of 1.18, a quick ratio of 0.95 and a debt-to-equity ratio of 1.33. FirstService has a 1-year low of $54.58 and a 1-year high of $74.49.

FirstService (NASDAQ:FSV) (TSE:FSV) last released its quarterly earnings data on Wednesday, February 7th. The financial services provider reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.03. The business had revenue of $438.10 million during the quarter, compared to analyst estimates of $416.13 million. FirstService had a return on equity of 29.64% and a net margin of 3.11%. The company’s revenue was up 15.0% compared to the same quarter last year. During the same period last year, the company posted $0.41 EPS.

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 6th. Stockholders of record on Thursday, March 29th will be given a $0.135 dividend. This represents a $0.54 annualized dividend and a dividend yield of 0.79%. The ex-dividend date is Wednesday, March 28th. This is a boost from FirstService’s previous quarterly dividend of $0.12. FirstService’s dividend payout ratio (DPR) is 33.79%.

Institutional investors have recently modified their holdings of the company. Highstreet Asset Management Inc. raised its holdings in shares of FirstService by 611.1% during the third quarter. Highstreet Asset Management Inc. now owns 2,553 shares of the financial services provider’s stock worth $168,000 after acquiring an additional 2,194 shares in the last quarter. ARP Americas LP purchased a new stake in shares of FirstService during the fourth quarter worth $269,000. State of Wisconsin Investment Board purchased a new stake in shares of FirstService during the third quarter worth $308,000. Legal & General Group Plc raised its holdings in shares of FirstService by 40.1% during the third quarter. Legal & General Group Plc now owns 4,887 shares of the financial services provider’s stock worth $320,000 after acquiring an additional 1,400 shares in the last quarter. Finally, UBS Asset Management Americas Inc. raised its holdings in shares of FirstService by 45.4% during the second quarter. UBS Asset Management Americas Inc. now owns 10,470 shares of the financial services provider’s stock worth $671,000 after acquiring an additional 3,271 shares in the last quarter. 61.77% of the stock is owned by institutional investors and hedge funds.

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About FirstService

Firstservice Corporation is a provider of residential property management and other essential property services to residential and commercial customers. The Company operates through two segments: FirstService Residential and FirstService Brands. FirstService Residential is a property manager and provides ancillary services in the areas of on-site staffing, including building engineering and maintenance, full-service amenity management, security, concierge and front desk personnel, and landscaping; banking and insurance products, and energy conservation and management solutions.

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