Brokers Set Expectations for FirstService FY2027 Earnings
by Mitch Edgeman · The Markets DailyFirstService Corporation (NASDAQ:FSV – Free Report) (TSE:FSV) – Equities research analysts at Scotiabank decreased their FY2027 earnings per share estimates for FirstService in a note issued to investors on Tuesday, July 7th. Scotiabank analyst H. Gupta now forecasts that the financial services provider will earn $6.19 per share for the year, down from their previous estimate of $6.24. Scotiabank has a “Outperform” rating and a $175.00 price target on the stock. The consensus estimate for FirstService’s current full-year earnings is $5.54 per share.
A number of other brokerages have also recently commented on FSV. Stifel Nicolaus cut their price target on shares of FirstService from $215.00 to $200.00 and set a “buy” rating for the company in a research note on Monday, April 27th. Wall Street Zen upgraded shares of FirstService from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. TD Cowen reiterated a “buy” rating and issued a $204.00 target price on shares of FirstService in a research note on Wednesday, June 3rd. Loop Capital started coverage on FirstService in a report on Monday, May 4th. They set a “hold” rating and a $140.00 price target for the company. Finally, TD boosted their price target on FirstService from $201.00 to $204.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. Eight investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $195.56.
Read Our Latest Stock Report on FirstService
FirstService Price Performance
Shares of FSV opened at $144.92 on Wednesday. The company has a market cap of $6.66 billion, a price-to-earnings ratio of 40.94, a PEG ratio of 4.39 and a beta of 0.94. FirstService has a 1-year low of $119.41 and a 1-year high of $209.66. The company’s fifty day simple moving average is $136.93 and its 200 day simple moving average is $146.44. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.74.
FirstService (NASDAQ:FSV – Get Free Report) (TSE:FSV) last posted its quarterly earnings results on Thursday, April 23rd. The financial services provider reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.06. The firm had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.29 billion. FirstService had a return on equity of 17.91% and a net margin of 2.92%.The business’s quarterly revenue was up 5.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.92 EPS.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in FSV. JPL Wealth Management LLC acquired a new stake in shares of FirstService in the 3rd quarter valued at $26,000. Caitong International Asset Management Co. Ltd lifted its position in shares of FirstService by 88.0% during 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 last quarter. Kestra Advisory Services LLC acquired a new stake in FirstService in the fourth quarter valued at about $34,000. Geneos Wealth Management Inc. boosted its stake in FirstService by 63.7% in the second quarter. Geneos Wealth Management Inc. now owns 203 shares of the financial services provider’s stock valued at $35,000 after buying an additional 79 shares in the last quarter. Finally, Strs Ohio bought a new position in FirstService in the first quarter valued at about $38,000. 69.35% of the stock is currently owned by institutional investors and hedge funds.
FirstService Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Tuesday, June 30th were given a $0.305 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $1.22 annualized dividend and a dividend yield of 0.8%. FirstService’s payout ratio is presently 34.46%.
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.