FirstService (TSE:FSV) Releases Quarterly Earnings Results

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

FirstService Price Performance

Shares of FirstService stock traded down C$18.93 during trading hours on Thursday, hitting C$180.49. The company’s stock had a trading volume of 43,350 shares, compared to its average volume of 129,866. The company has a market cap of C$8.30 billion, a PE ratio of 50.84, a PEG ratio of 107.75 and a beta of 0.79. The company has a debt-to-equity ratio of 95.68, a quick ratio of 1.25 and a current ratio of 1.26. The business has a 50 day moving average price of C$195.12 and a two-hundred day moving average price of C$201.19. FirstService has a 12-month low of C$169.60 and a 12-month high of C$290.34.

Analysts Set New Price Targets

Separately, TD upped their price objective on FirstService from C$204.00 to C$207.00 and gave the company 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 stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of C$212.00.

Insider Transactions at FirstService

In other FirstService news, insider Firstservice Corporation bought 2,372 shares of the firm’s stock in a transaction that occurred on Thursday, April 30th. The shares were bought at an average price of C$182.30 per share, with a total value of C$432,415.60. Following the purchase, the insider owned 8,872 shares of the company’s stock, valued at C$1,617,365.60. This trade represents a 36.49% increase in their ownership of the stock. Over the last 90 days, insiders purchased 7,872 shares of company stock worth $1,431,216. 10.26% of the stock is currently owned by company insiders.

About FirstService

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.