FirstService Stock Earnings Estimates Boosted by Scotiabank

Key Points

• Scotiabank raised its FY2026 EPS estimate for FirstService to $5.60 from $5.57 and forecast FY2027 EPS of $6.02, maintaining an “Outperform” rating.
• FirstService beat quarterly expectations, reporting EPS of $1.89 versus $1.84 expected and revenue of $1.51 billion versus $1.48 billion; revenue increased 5.8% year over year.
• Analysts’ consensus rating is “Moderate Buy,” with a consensus price target of $179.82; eight analysts rate the stock Buy and four rate it Hold.

FirstService Corporation (NASDAQ:FSV - Free Report) TSE: FSV - Scotiabank lifted their FY2026 earnings per share (EPS) estimates for shares of FirstService in a report released on Monday, November 2nd. Scotiabank analyst H. Gupta now anticipates that the financial services provider will post earnings of $5.60 per share for the year, up from their prior forecast of $5.57. Scotiabank has an "Outperform" rating on the stock. The consensus estimate for FirstService's current full-year earnings is $5.62 per share. Scotiabank also issued estimates for FirstService's FY2027 earnings at $6.02 EPS.

FirstService (NASDAQ:FSV - Get Free Report) TSE: FSV last released its earnings results on Thursday, October 22nd. The financial services provider reported $1.89 earnings per share for the quarter, topping the consensus estimate of $1.84 by $0.05. FirstService had a return on equity of 19.66% and a net margin of 2.59%. The business had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same period last year, the company earned $1.76 earnings per share. The business's revenue for the quarter was up 5.8% compared to the same quarter last year.

Several other research analysts also recently commented on the stock. Weiss Ratings raised shares of FirstService from a "hold (c-)" rating to a "hold (c)" rating in a research note on Thursday, October 22nd. Raymond James Financial reissued an "outperform" rating and issued a $190.00 price objective on shares of FirstService in a research report on Friday, October 23rd. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a $144.00 price objective on shares of FirstService in a research report on Friday, July 24th. Stifel Nicolaus upped their target price on shares of FirstService from $185.00 to $195.00 and gave the stock a "buy" rating in a research note on Friday, October 23rd. Finally, Wall Street Zen lowered shares of FirstService from a "buy" rating to a "hold" rating in a research report on Saturday, August 1st. Eight equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $179.82.

FirstService Stock Down 1.0%

Shares of FSV opened at $153.62 on Friday. The firm has a fifty day moving average price of $136.39 and a 200-day moving average price of $142.21. The company has a current ratio of 1.56, a quick ratio of 1.63 and a debt-to-equity ratio of 1.66. The firm has a market capitalization of $6.44 billion, a P/E ratio of 46.84, a P/E/G ratio of 2.93 and a beta of 0.89. FirstService has a 12-month low of $119.41 and a 12-month high of $166.73.

Hedge Funds Weigh In On FirstService

Several institutional investors have recently made changes to their positions in FSV. Rockefeller Capital Management L.P. raised its stake in FirstService by 73.6% in the fourth quarter. Rockefeller Capital Management L.P. now owns 302 shares of the financial services provider's stock worth $47,000 after buying an additional 128 shares in the last quarter. Fifth Third Bancorp boosted its position in FirstService by 23.7% during the 1st quarter. Fifth Third Bancorp now owns 627 shares of the financial services provider's stock valued at $87,000 after acquiring an additional 120 shares in the last quarter. Sequoia Financial Advisors LLC bought a new stake in FirstService during the 2nd quarter valued at $220,000. State of Wyoming bought a new stake in FirstService during the 1st quarter valued at $247,000. Finally, Hilltop National Bank increased its holdings in shares of FirstService by 4.1% in the 2nd quarter. Hilltop National Bank now owns 2,055 shares of the financial services provider's stock valued at $292,000 after acquiring an additional 81 shares during the period. Hedge funds and other institutional investors own 69.35% of the company's stock.

FirstService Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 7th. Stockholders of record on Wednesday, September 30th were given a dividend of $0.3050 per share. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $1.22 dividend on an annualized basis and a dividend yield of 0.8%. FirstService's dividend payout ratio is presently 37.20%.

About FirstService

FirstService Corporation is a Canadian provider of property management and property services serving customers primarily in the United States and Canada. The company operates through two main businesses: FirstService Residential and FirstService Brands.

FirstService Residential provides property management services for condominium and homeowners' associations, cooperatives, and other residential communities. Its services include community administration, financial management, maintenance coordination, customer support, and related operational services.

FirstService Brands operates and supports a network of property-service businesses, including companies involved in property restoration, painting, flooring, window treatments, and other residential and commercial services.

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