FY2024 EPS Estimates for FirstService Cut by Stifel Canada

FirstService Co. (NASDAQ:FSV) (TSE:FSV) – Equities research analysts at Stifel Canada decreased their FY2024 earnings estimates for shares of FirstService in a research note issued on Sunday, January 26th. Stifel Canada analyst D. Young now forecasts that the financial services provider will post earnings of $4.58 per share for the year, down from their previous estimate of $4.61. The consensus estimate for FirstService’s current full-year earnings is $4.64 per share. Stifel Canada also issued estimates for FirstService’s Q4 2024 earnings at $1.23 EPS.

A number of other equities analysts have also issued reports on FSV. Raymond James raised their target price on FirstService from $215.00 to $225.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 22nd. Scotiabank upped their target price on FirstService from $190.00 to $200.00 and gave the company a “sector perform” rating in a research report on Tuesday, October 15th. TD Securities raised their price target on shares of FirstService from $179.00 to $182.00 and gave the stock a “hold” rating in a research report on Thursday, October 17th. StockNews.com raised shares of FirstService from a “hold” rating to a “buy” rating in a report on Friday, October 25th. Finally, Stifel Nicolaus raised their target price on shares of FirstService from $200.00 to $215.00 and gave the stock a “buy” rating in a report on Monday, October 21st. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, FirstService currently has an average rating of “Moderate Buy” and an average target price of $201.67.

FirstService Trading Down 0.2 %

NASDAQ FSV opened at $185.45 on Tuesday. FirstService has a 12-month low of $141.26 and a 12-month high of $197.84. The company has a fifty day simple moving average of $185.65 and a two-hundred day simple moving average of $181.27. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 1.13. The stock has a market cap of $8.40 billion, a P/E ratio of 77.27 and a beta of 1.06.

FirstService Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 7th. Shareholders of record on Tuesday, December 31st were given a $0.25 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.54%. FirstService’s dividend payout ratio (DPR) is currently 41.67%.

Hedge Funds Weigh In On FirstService

Hedge funds have recently bought and sold shares of the business. Entropy Technologies LP raised its position in shares of FirstService by 19.4% during the 4th quarter. Entropy Technologies LP now owns 4,300 shares of the financial services provider’s stock worth $778,000 after purchasing an additional 700 shares during the last quarter. Empowered Funds LLC lifted its position in shares of FirstService by 31.2% in the fourth quarter. Empowered Funds LLC now owns 12,769 shares of the financial services provider’s stock valued at $2,311,000 after acquiring an additional 3,037 shares in the last quarter. Triasima Portfolio Management inc. acquired a new stake in shares of FirstService in the fourth quarter worth approximately $2,816,000. Sargent Investment Group LLC increased its position in shares of FirstService by 11.3% during the fourth quarter. Sargent Investment Group LLC now owns 28,506 shares of the financial services provider’s stock worth $4,999,000 after purchasing an additional 2,903 shares in the last quarter. Finally, Jennison Associates LLC raised its stake in FirstService by 686.9% in the 4th quarter. Jennison Associates LLC now owns 37,702 shares of the financial services provider’s stock valued at $6,827,000 after purchasing an additional 32,911 shares during the last quarter. Hedge funds and other institutional investors own 69.35% of the company’s stock.

FirstService Company Profile

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.