FirstService (TSE:FSV) Posts Quarterly Earnings Results

FirstService (TSE:FSV) (NASDAQ:FSV) posted its earnings results on Thursday. The company reported C$2.69 EPS for the quarter, FiscalAI reports. The company had revenue of C$2.18 billion for the quarter. FirstService had a return on equity of 11.98% and a net margin of 2.90%.

FirstService Price Performance

FSV stock traded up C$10.42 during mid-day trading on Thursday, hitting C$202.27. The stock had a trading volume of 15,314 shares, compared to its average volume of 153,300. The company has a current ratio of 1.21, a quick ratio of 1.25 and a debt-to-equity ratio of 127.80. FirstService has a 52 week low of C$169.60 and a 52 week high of C$266.83. The firm has a market capitalization of C$8.83 billion, a P/E ratio of 57.30, a P/E/G ratio of 107.75 and a beta of 0.84. The firm has a fifty day simple moving average of C$189.88 and a 200 day simple moving average of C$193.49.

Wall Street Analyst Weigh In

FSV has been the subject of several research reports. TD dropped their price target on FirstService from C$207.00 to C$195.00 and set a “buy” rating for the company in a report on Friday, July 24th. Raymond James Financial decreased their price objective on FirstService from C$215.00 to C$190.00 and set an “outperform” rating on the stock in a report on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the stock. According to MarketBeat, FirstService currently has an average rating of “Buy” and a consensus target price of C$200.67.

About FirstService

FirstService Residential is simplifying property management. Its hospitality-minded teams serve residential communities across the United States and Canada. The organization partners with boards, owners, and developers to enhance the value of every property and the life of every resident. Leveraging unique expertise and scale, FirstService serves its clients with proven solutions and a service-first philosophy. Residents can count on 24/7 customer care and tailored lifestyle programming, amenity activation, and technology for their community’s specific needs.