Scotiabank Has Negative View of FirstService FY2026 Earnings

FirstService Corporation (NASDAQ:FSV) (TSE:FSV) – Stock analysts at Scotiabank cut their FY2026 earnings per share (EPS) estimates for shares of FirstService in a report released on Wednesday, July 29th. Scotiabank analyst H. Gupta now expects that the financial services provider will post earnings per share of $5.57 for the year, down from their prior forecast of $5.61. The consensus estimate for FirstService’s current full-year earnings is $5.62 per share. Scotiabank also issued estimates for FirstService’s FY2027 earnings at $6.18 EPS.

A number of other equities research analysts have also weighed in on the company. TD boosted their price target on FirstService from $204.00 to $207.00 and gave the stock a “buy” rating in a research note on Tuesday, July 14th. Weiss Ratings lowered shares of FirstService from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, May 29th. BMO Capital Markets lowered their target price on shares of FirstService from $199.00 to $192.00 and set an “outperform” rating for the company in a research note on Friday, July 24th. TD Cowen reissued a “buy” rating and set a $204.00 target price on shares of FirstService in a research report on Wednesday, June 3rd. Finally, TD Securities restated a “buy” rating and set a $195.00 price target on shares of FirstService in a research note on Friday, July 24th. Eight analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $184.20.

FirstService Trading Up 1.5%

FirstService stock opened at $144.57 on Friday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.66 and a current ratio of 1.58. The stock has a market cap of $6.64 billion, a PE ratio of 40.95, a price-to-earnings-growth ratio of 3.15 and a beta of 0.94. The stock has a 50-day moving average of $140.42 and a two-hundred day moving average of $144.95. FirstService has a one year low of $119.41 and a one year high of $209.66.

FirstService (NASDAQ:FSV) (TSE:FSV) last announced its earnings results on Thursday, July 23rd. The financial services provider reported $1.75 earnings per share for the quarter, topping the consensus estimate of $1.71 by $0.04. FirstService had a return on equity of 18.07% and a net margin of 2.88%.The firm had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.44 billion. During the same period in the previous year, the business earned $1.71 EPS. The firm’s revenue for the quarter was up 2.4% on a year-over-year basis.

FirstService Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Tuesday, June 30th were paid a dividend of $0.305 per share. This represents a $1.22 annualized dividend and a yield of 0.8%. The ex-dividend date was Tuesday, June 30th. FirstService’s payout ratio is presently 34.56%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of FSV. JPL Wealth Management LLC acquired a new stake in shares of FirstService during the third quarter worth about $26,000. Caitong International Asset Management Co. Ltd increased its holdings in FirstService by 88.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 173 shares of the financial services provider’s stock worth $27,000 after buying an additional 81 shares during the period. Kestra Advisory Services LLC acquired a new position in FirstService in the 4th quarter worth approximately $34,000. Geneos Wealth Management Inc. raised its position in FirstService by 63.7% during the 2nd quarter. Geneos Wealth Management Inc. now owns 203 shares of the financial services provider’s stock worth $35,000 after buying an additional 79 shares during the last quarter. Finally, Strs Ohio purchased a new position in FirstService during the 1st quarter worth approximately $38,000. 69.35% of the stock is currently owned by hedge funds and other institutional investors.

About FirstService

FirstService Corporation, founded in 1989 and headquartered in Toronto, Ontario, is a leading provider of property services in North America. The company operates through two principal segments—FirstService Residential and FirstService Brands—offering a broad range of services to residential, commercial and homeowner association clients.

FirstService Residential delivers community management, financial oversight and consulting services to thousands of residential communities across the United States and Canada.