FirstService (TSE:FSV) Posts Quarterly Earnings Results

FirstService (TSE:FSV) (NASDAQ:FSV) released its quarterly earnings data on Thursday. The company reported C$2.69 earnings per share for the quarter, FiscalAI reports. The company had revenue of C$2.18 billion for the quarter. FirstService had a return on equity of 14.59% and a net margin of 2.60%.

FirstService Stock Performance

TSE:FSV opened at C$200.92 on Friday. The company has a market cap of C$8.77 billion, a PE ratio of 56.92, a PEG ratio of 107.75 and a beta of 0.84. FirstService has a 52-week low of C$169.60 and a 52-week high of C$238.87. The stock has a 50-day simple moving average of C$190.19 and a 200 day simple moving average of C$193.63.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on FSV shares. Raymond James Financial reduced their target price on shares of FirstService from C$215.00 to C$190.00 and set an “outperform” rating on the stock in a research note on Friday, July 24th. TD dropped their target price on shares of FirstService from C$207.00 to C$195.00 and set a “buy” rating for the company in a research report on Friday, July 24th. Three research analysts have rated the stock with a Buy rating. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of C$200.67.

FirstService Company Profile

FirstService Residential is simplifying property management. Its hospitality-minded teams serve residential communities across the United States and Canada. The organization partners with boards, owners, and developers to enhance the value of every property and the life of every resident. Leveraging unique expertise and scale, FirstService serves its clients with proven solutions and a service-first philosophy. Residents can count on 24/7 customer care and tailored lifestyle programming, amenity activation, and technology for their community’s specific needs.