FirstService (FSV) Expected to Announce Quarterly Earnings on Thursday

FirstService (NASDAQ:FSV - Get Free Report) TSE: FSV is projected to post its Q2 2025 quarterly earnings results before the market opens on Thursday, July 24th. Analysts expect FirstService to post earnings of $1.45 per share and revenue of $1.40 billion for the quarter.

FirstService (NASDAQ:FSV - Get Free Report) TSE: FSV last announced its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.92 earnings per share for the quarter, topping analysts' consensus estimates of $0.84 by $0.08. The company had revenue of $1.21 billion for the quarter, compared to analysts' expectations of $1.28 billion. FirstService had a net margin of 2.46% and a return on equity of 17.49%. The business's quarterly revenue was up 8.0% compared to the same quarter last year. During the same period last year, the firm posted $0.67 earnings per share. On average, analysts expect FirstService to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

FirstService Trading Up 1.3%

Shares of NASDAQ FSV traded up $2.35 during midday trading on Friday, reaching $178.12. 174,974 shares of the stock were exchanged, compared to its average volume of 112,209. FirstService has a 12 month low of $153.13 and a 12 month high of $197.84. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.94 and a quick ratio of 1.94. The business has a 50-day simple moving average of $175.93 and a two-hundred day simple moving average of $174.51. The company has a market capitalization of $8.10 billion, a price-to-earnings ratio of 61.63 and a beta of 0.99.

FirstService Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 8th. Investors of record on Monday, June 30th were issued a dividend of $0.275 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 0.62%. FirstService's payout ratio is 38.06%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Wall Street Zen lowered shares of FirstService from a "buy" rating to a "hold" rating in a report on Thursday, March 27th. Scotiabank lowered their price target on shares of FirstService from $217.50 to $210.00 and set a "sector perform" rating on the stock in a research note on Thursday, April 17th. Finally, TD Securities lifted their price target on shares of FirstService from $198.00 to $200.00 and gave the company a "hold" rating in a research note on Wednesday, May 7th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, FirstService currently has a consensus rating of "Moderate Buy" and an average price target of $208.40.

Institutional Investors Weigh In On FirstService

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FSV. Strs Ohio acquired a new position in shares of FirstService during the 1st quarter worth about $38,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of FirstService by 40.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 59,389 shares of the financial services provider's stock worth $9,856,000 after purchasing an additional 17,072 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in shares of FirstService by 79.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 318,648 shares of the financial services provider's stock worth $52,880,000 after purchasing an additional 141,152 shares during the last quarter. 69.35% of the stock is currently owned by institutional investors and hedge funds.

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.