Q2 2024 EPS Estimates for FirstService Co. Decreased by William Blair (NASDAQ:FSV)

FirstService Co. (NASDAQ:FSVFree Report) (TSE:FSV) – Equities research analysts at William Blair decreased their Q2 2024 earnings estimates for shares of FirstService in a research note issued on Monday, June 10th. William Blair analyst S. Sheldon now forecasts that the financial services provider will post earnings of $1.15 per share for the quarter, down from their previous estimate of $1.19. The consensus estimate for FirstService’s current full-year earnings is $4.34 per share. William Blair also issued estimates for FirstService’s Q1 2025 earnings at $0.66 EPS and Q4 2025 earnings at $1.43 EPS.

Several other analysts also recently commented on the stock. Scotiabank initiated coverage on shares of FirstService in a report on Thursday, April 11th. They issued a “sector perform” rating and a $170.00 price objective on the stock. BMO Capital Markets upped their price objective on shares of FirstService from $193.00 to $196.00 and gave the company an “outperform” rating in a report on Friday, June 7th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, FirstService currently has an average rating of “Moderate Buy” and a consensus price target of $186.60.

Read Our Latest Stock Analysis on FirstService

FirstService Stock Up 1.0 %

NASDAQ:FSV opened at $152.54 on Thursday. The company’s 50 day moving average is $149.83 and its two-hundred day moving average is $158.95. The company has a market cap of $6.86 billion, a PE ratio of 75.52 and a beta of 1.04. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 1.18. FirstService has a twelve month low of $134.77 and a twelve month high of $171.94.

FirstService (NASDAQ:FSVGet Free Report) (TSE:FSV) last released its earnings results on Wednesday, April 24th. The financial services provider reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.01). The company had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.13 billion. FirstService had a return on equity of 16.42% and a net margin of 2.02%.

Institutional Trading of FirstService

Hedge funds have recently added to or reduced their stakes in the company. Benjamin F. Edwards & Company Inc. acquired a new position in FirstService during the fourth quarter worth $39,000. Spire Wealth Management acquired a new position in FirstService during the fourth quarter worth $40,000. Accent Capital Management LLC acquired a new position in FirstService during the fourth quarter worth $40,000. Gulf International Bank UK Ltd raised its position in FirstService by 25.9% during the first quarter. Gulf International Bank UK Ltd now owns 365 shares of the financial services provider’s stock worth $60,000 after acquiring an additional 75 shares during the period. Finally, Security National Bank acquired a new position in FirstService during the fourth quarter worth $90,000. 69.35% of the stock is owned by hedge funds and other institutional investors.

FirstService Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Friday, June 28th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date is Friday, June 28th. FirstService’s dividend payout ratio (DPR) is presently 49.51%.

FirstService Company Profile

(Get Free Report)

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

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Earnings History and Estimates for FirstService (NASDAQ:FSV)

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