FirstService Corp (FSV) to Issue Quarterly Dividend of $0.12 on January 5th

FirstService Corp (NASDAQ:FSV) (TSE:FSV) declared a quarterly dividend on Thursday, December 7th, Wall Street Journal reports. Investors of record on Friday, December 29th will be given a dividend of 0.1225 per share by the financial services provider on Friday, January 5th. This represents a $0.49 annualized dividend and a yield of 0.72%. The ex-dividend date is Thursday, December 28th.

FirstService (NASDAQ:FSV) opened at $68.15 on Friday. FirstService has a 1-year low of $46.26 and a 1-year high of $74.49. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.95 and a quick ratio of 0.95. The company has a market cap of $2,438.40, a P/E ratio of 54.96 and a beta of 0.80.

FirstService (NASDAQ:FSV) (TSE:FSV) last issued its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $0.74 EPS for the quarter, topping the consensus estimate of $0.50 by $0.24. FirstService had a net margin of 2.74% and a return on equity of 24.16%. The firm had revenue of $456.50 million for the quarter, compared to analysts’ expectations of $449.26 million. During the same period in the previous year, the business earned $0.62 earnings per share. FirstService’s revenue for the quarter was up 11.6% compared to the same quarter last year. equities analysts expect that FirstService will post 1.93 EPS for the current fiscal year.

Several equities research analysts have commented on FSV shares. BidaskClub upgraded shares of FirstService from a “hold” rating to a “buy” rating in a research report on Thursday, September 28th. Zacks Investment Research cut shares of FirstService from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 26th. Scotiabank cut shares of FirstService from an “outperform” rating to a “sector perform” rating in a research report on Thursday, October 26th. Royal Bank of Canada cut shares of FirstService from an “outperform” rating to a “sector perform” rating and boosted their price target for the stock from $71.00 to $75.00 in a research report on Thursday, October 26th. Finally, William Blair cut shares of FirstService from an “outperform” rating to a “market perform” rating in a research report on Wednesday, September 13th. Seven analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $69.20.

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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.

Dividend History for FirstService (NASDAQ:FSV)

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