Stifel Canada Weighs in on FirstService FY2024 Earnings

FirstService Co. (TSE:FSV) (NASDAQ:FSV) – Equities research analysts at Stifel Canada boosted their FY2024 EPS estimates for shares of FirstService in a research report issued to clients and investors on Sunday, January 26th. Stifel Canada analyst D. Young now expects that the company will post earnings of $6.62 per share for the year, up from their prior estimate of $6.39. The consensus estimate for FirstService’s current full-year earnings is $7.52 per share. Stifel Canada also issued estimates for FirstService’s Q4 2024 earnings at $1.78 EPS.

Separately, TD Securities lifted their price objective on shares of FirstService from C$182.00 to C$194.00 and gave the stock a “hold” rating in a report on Monday, October 28th.

FirstService Stock Down 1.3 %

FSV opened at C$264.08 on Tuesday. The company has a debt-to-equity ratio of 105.28, a current ratio of 1.74 and a quick ratio of 1.25. FirstService has a one year low of C$193.77 and a one year high of C$278.19. The firm has a market capitalization of C$11.89 billion, a P/E ratio of 108.67, a price-to-earnings-growth ratio of 107.75 and a beta of 0.96. The company has a fifty day moving average price of C$264.82 and a 200-day moving average price of C$249.67.

Insider Buying and Selling at FirstService

In other FirstService news, Director Joan Eloise Sproul sold 200 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of C$268.69, for a total transaction of C$53,738.00. Also, Senior Officer Douglas G. Cooke sold 1,600 shares of the business’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of C$262.75, for a total transaction of C$420,400.00. Insiders sold a total of 14,225 shares of company stock worth $3,777,120 over the last three months. Company insiders own 10.26% of the company’s stock.

FirstService Company Profile

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.