Scotiabank Has Positive View of FirstService FY2026 Earnings

FirstService Corporation (NASDAQ:FSV) (TSE:FSV) – Investment analysts at Scotiabank increased their FY2026 earnings per share (EPS) estimates for shares of FirstService in a report issued on Wednesday, February 11th. Scotiabank analyst H. Gupta now expects that the financial services provider will post earnings per share of $5.81 for the year, up from their previous forecast of $5.70. Scotiabank has a “Sector Outperform” rating and a $205.00 price objective on the stock. The consensus estimate for FirstService’s current full-year earnings is $5.27 per share. Scotiabank also issued estimates for FirstService’s FY2027 earnings at $6.48 EPS.

FSV has been the topic of a number of other research reports. Stifel Nicolaus lowered their price objective on FirstService from $230.00 to $215.00 and set a “buy” rating on the stock in a research note on Monday, October 27th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of FirstService in a research note on Monday, December 22nd. Raymond James Financial cut their price objective on shares of FirstService from $225.00 to $215.00 and set an “outperform” rating for the company in a research report on Monday, October 27th. Wall Street Zen lowered shares of FirstService from a “buy” rating to a “hold” rating in a report on Saturday, October 25th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $202.00 price target on shares of FirstService in a report on Thursday, February 5th. Six investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $211.67.

FirstService Stock Down 4.5%

NASDAQ FSV opened at $150.40 on Friday. The company has a current ratio of 1.69, a quick ratio of 1.77 and a debt-to-equity ratio of 0.79. The company has a market cap of $6.88 billion, a price-to-earnings ratio of 47.59, a PEG ratio of 4.24 and a beta of 1.06. The company has a 50 day moving average of $156.82 and a 200-day moving average of $173.44. FirstService has a 1-year low of $147.23 and a 1-year high of $209.66.

FirstService (NASDAQ:FSV) (TSE:FSV) last released its quarterly earnings results on Wednesday, February 4th. The financial services provider reported $1.37 EPS for the quarter, beating the consensus estimate of $1.32 by $0.05. The business had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.36 billion. FirstService had a net margin of 2.64% and a return on equity of 18.69%. FirstService’s revenue was up 1.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.34 earnings per share.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Federation des caisses Desjardins du Quebec increased its holdings in FirstService by 15.5% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 22,064 shares of the financial services provider’s stock worth $3,421,000 after purchasing an additional 2,965 shares in the last quarter. Third Avenue Management LLC bought a new position in FirstService in the 4th quarter valued at approximately $2,911,000. Dimensional Fund Advisors LP boosted its position in FirstService by 24.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 268,536 shares of the financial services provider’s stock worth $41,766,000 after buying an additional 53,606 shares during the period. Skandinaviska Enskilda Banken AB publ grew its holdings in FirstService by 58.0% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 185,316 shares of the financial services provider’s stock worth $28,822,000 after acquiring an additional 67,994 shares during the last quarter. Finally, Geneva Capital Management LLC grew its stake in shares of FirstService by 8.2% in the fourth quarter. Geneva Capital Management LLC now owns 414,948 shares of the financial services provider’s stock worth $64,537,000 after purchasing an additional 31,330 shares during the last quarter. 69.35% of the stock is currently owned by institutional investors.

FirstService Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 7th. Shareholders of record on Tuesday, March 31st will be paid a dividend of $0.305 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This is a boost from FirstService’s previous quarterly dividend of $0.28. This represents a $1.22 dividend on an annualized basis and a dividend yield of 0.8%. FirstService’s payout ratio is presently 34.81%.

FirstService Company Profile

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.