FirstService (TSE:FSV) Announces Quarterly Earnings Results

FirstService (TSE:FSV) (NASDAQ:FSV) issued its earnings results on Thursday. The company reported C$2.49 EPS for the quarter, FiscalAI reports. The firm had revenue of C$2.06 billion during the quarter. FirstService had a net margin of 2.93% and a return on equity of 12.11%.

FirstService Trading Down 7.5%

TSE:FSV opened at C$184.50 on Friday. FirstService has a fifty-two week low of C$169.60 and a fifty-two week high of C$290.34. The company has a debt-to-equity ratio of 95.68, a current ratio of 1.26 and a quick ratio of 1.25. The stock has a market capitalization of C$8.48 billion, a PE ratio of 51.97, a price-to-earnings-growth ratio of 107.75 and a beta of 0.79. The business’s 50-day simple moving average is C$195.25 and its 200-day simple moving average is C$201.03.

Analyst Ratings Changes

Separately, TD lifted their price target on shares of FirstService from C$204.00 to C$207.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. One investment analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of C$212.00.

Insider Transactions at FirstService

In other FirstService news, insider Firstservice Corporation bought 2,372 shares of the stock in a transaction that occurred on Thursday, April 30th. The stock was acquired at an average cost of C$182.30 per share, with a total value of C$432,415.60. Following the purchase, the insider owned 8,872 shares in the company, valued at C$1,617,365.60. This trade represents a 36.49% increase in their ownership of the stock. Over the last three months, insiders purchased 7,872 shares of company stock worth $1,431,216. 10.26% of the stock is currently owned by corporate insiders.

FirstService Company Profile

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. FirstService Brands provides property services to residential and commercial customers through the following brands: California Closets; Paul Davis Restoration; CertPro Painters; Pillar to Post; Floor Coverings International; College Pro Painters; and Service America.