Scotiabank Brokers Raise Earnings Estimates for FirstService

FirstService Co. (TSE:FSV) (NASDAQ:FSV) – Stock analysts at Scotiabank raised their FY2024 earnings per share estimates for FirstService in a report released on Wednesday, January 8th. Scotiabank analyst H. Gupta now forecasts that the company will earn $6.68 per share for the year, up from their previous estimate of $5.92. The consensus estimate for FirstService’s current full-year earnings is $7.52 per share. Scotiabank also issued estimates for FirstService’s FY2025 earnings at $7.74 EPS.

Separately, TD Securities upped their target price on FirstService from C$182.00 to C$194.00 and gave the company a “hold” rating in a report on Monday, October 28th.

FirstService Stock Performance

FSV stock opened at C$251.87 on Friday. The company has a 50-day simple moving average of C$264.43 and a 200 day simple moving average of C$244.87. The company has a market capitalization of C$11.34 billion, a P/E ratio of 103.65, a PEG ratio of 107.75 and a beta of 0.96. The company has a quick ratio of 1.25, a current ratio of 1.74 and a debt-to-equity ratio of 105.28. FirstService has a fifty-two week low of C$193.77 and a fifty-two week high of C$278.19.

Insider Buying and Selling

In related news, Director Joan Eloise Sproul sold 200 shares of the stock in a transaction dated Friday, December 13th. The shares were sold at an average price of C$268.69, for a total transaction of C$53,738.00. Also, Director Erin Joy Wallace sold 4,425 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of C$272.31, for a total transaction of C$1,204,982.02. In the last ninety days, insiders sold 14,225 shares of company stock worth $3,777,120. 10.26% of the stock is currently owned by insiders.

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.