FirstService (FSV) Scheduled to Post Earnings on Wednesday

FirstService (NASDAQ:FSV) (TSE:FSV) will release its earnings data before the market opens on Wednesday, July 24th. Analysts expect FirstService to post earnings of $0.63 per share for the quarter.

FirstService (NASDAQ:FSV) (TSE:FSV) last announced its quarterly earnings results on Wednesday, April 24th. The financial services provider reported $0.30 EPS for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.01). The business had revenue of $485.70 million for the quarter, compared to analysts’ expectations of $468.98 million. FirstService had a net margin of 3.12% and a return on equity of 23.44%. The business’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.25 earnings per share. On average, analysts expect FirstService to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Shares of FSV stock opened at $97.09 on Tuesday. The stock has a market cap of $3.49 billion, a PE ratio of 53.94 and a beta of 0.84. The company has a quick ratio of 1.45, a current ratio of 1.42 and a debt-to-equity ratio of 1.00. The company’s 50 day simple moving average is $96.18. FirstService has a 12 month low of $64.87 and a 12 month high of $100.86.

The firm also recently declared a special dividend, which was paid on Friday, July 5th. Investors of record on Friday, June 28th were paid a dividend of $0.15 per share. This is a boost from FirstService’s previous special dividend of $0.08. The ex-dividend date of this dividend was Thursday, June 27th. FirstService’s dividend payout ratio is presently 33.33%.

A number of analysts recently commented on the stock. BidaskClub upgraded shares of BankFinancial from a “sell” rating to a “hold” rating in a research note on Tuesday, April 9th. Raymond James restated an “outperform” rating and set a $36.00 price target on shares of Zymeworks in a research note on Thursday, May 30th. Zacks Investment Research upgraded shares of FirstService from a “strong sell” rating to a “hold” rating and set a $110.00 target price on the stock in a research note on Tuesday, June 25th. BMO Capital Markets reiterated a “buy” rating on shares of Toronto-Dominion Bank in a research note on Friday, May 24th. Finally, Royal Bank of Canada increased their target price on shares of Heroux Devtek from C$20.00 to C$21.00 and gave the stock an “outperform” rating in a research note on Monday, May 27th. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $103.25.

FirstService Company Profile

FirstService Corporation, together with its subsidiaries, provides residential property services to residential and commercial customers in the United States and Canada. The company operates through two segments, FirstService Residential and FirstService Brands. The FirstService Residential segment provides property management 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.

Read More: Compound Annual Growth Rate (CAGR)

Earnings History for FirstService (NASDAQ:FSV)

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