FirstService (TSE:FSV) Stock Crosses Above 200 Day Moving Average of $218.68

FirstService Co. (TSE:FSV) (NASDAQ:FSV)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$218.68 and traded as high as C$243.35. FirstService shares last traded at C$242.56, with a volume of 62,345 shares traded.

FirstService Stock Performance

The company has a quick ratio of 1.25, a current ratio of 1.74 and a debt-to-equity ratio of 105.28. The stock has a market cap of C$11.04 billion, a P/E ratio of 101.72, a price-to-earnings-growth ratio of 107.75 and a beta of 0.97. The firm’s 50-day moving average is C$232.39 and its two-hundred day moving average is C$218.99.

FirstService (TSE:FSV) (NASDAQ:FSV) last released its quarterly earnings results on Thursday, July 25th. The company reported C$1.71 earnings per share for the quarter, beating analysts’ consensus estimates of C$1.58 by C$0.13. The business had revenue of C$1.78 billion for the quarter, compared to the consensus estimate of C$1.76 billion. FirstService had a net margin of 1.73% and a return on equity of 9.46%. As a group, research analysts expect that FirstService Co. will post 6.535647 EPS for the current year.

FirstService Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 7th. Stockholders of record on Monday, September 30th will be paid a dividend of $0.337 per share. The ex-dividend date is Friday, September 27th. This represents a $1.35 annualized dividend and a dividend yield of 0.55%. FirstService’s dividend payout ratio (DPR) is presently 56.43%.

Insider Activity

In other FirstService news, Director Joan Eloise Sproul sold 1,100 shares of the company’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of C$205.96, for a total transaction of C$226,556.00. In other FirstService news, Director Joan Eloise Sproul sold 1,100 shares of the business’s stock in a transaction on Thursday, June 20th. The shares were sold at an average price of C$205.96, for a total transaction of C$226,556.00. Also, Director Erin Joy Wallace sold 11,500 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of C$174.35, for a total value of C$2,004,993.95. In the last quarter, insiders have sold 14,600 shares of company stock valued at $2,650,750. Insiders own 10.28% of the company’s stock.

About FirstService

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.