FirstService (TSE:FSV) Hits New 1-Year Low – Here’s What Happened

FirstService Co. (TSE:FSV) (NASDAQ:FSV) hit a new 52-week low during trading on Monday . The stock traded as low as C$212.31 and last traded at C$211.77, with a volume of 89984 shares traded. The stock had previously closed at C$218.90.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on FSV. Scotiabank upgraded FirstService from a “hold” rating to a “strong-buy” rating in a report on Friday, October 24th. TD Securities dropped their target price on shares of FirstService from C$213.00 to C$211.00 and set a “buy” rating on the stock in a research report on Wednesday, November 5th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Strong Buy” and a consensus target price of C$211.00.

FirstService Stock Performance

The stock has a market capitalization of C$9.75 billion, a P/E ratio of 70.63, a PEG ratio of 107.75 and a beta of 0.96. The firm has a 50-day moving average of C$248.78 and a 200 day moving average of C$252.05. The company has a quick ratio of 1.25, a current ratio of 1.81 and a debt-to-equity ratio of 136.54.

FirstService (TSE:FSV) (NASDAQ:FSV) last announced its quarterly earnings results on Thursday, October 23rd. The company reported C$1.24 EPS for the quarter. FirstService had a net margin of 2.19% and a return on equity of 10.05%. The firm had revenue of C$2.02 billion during the quarter. Research analysts anticipate that FirstService Co. will post 7.5161189 EPS for the current fiscal year.

FirstService Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 7th. Investors of record on Tuesday, September 30th were given a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 0.5%. FirstService’s dividend payout ratio (DPR) is currently 35.48%.

Insider Transactions at FirstService

In other FirstService news, Director Erin Joy Wallace sold 3,000 shares of the company’s stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of C$275.74, for a total transaction of C$827,214.00. Following the sale, the director directly owned 10,000 shares of the company’s stock, valued at approximately C$2,757,380. This represents a 23.08% decrease in their ownership of the stock. 10.26% of the stock is owned by corporate insiders.

About FirstService

FirstService Corp operates in two business divisions: FirstService Residential and FirstService Brands. FirstService Residential has service contracts to manage thousands of residential communities, including high-, medium-, and low-rise condominiums and co-operatives, and generates most of the company’s revenue.