FY2025 EPS Estimate for FirstService Decreased by Analyst

Key Points

• FirstService Corporation's FY2025 EPS estimate has been lowered by Stifel Canada from $5.44 to $5.41, although the consensus estimate stands at $5.27 per share.
• Several research firms have re-evaluated their ratings on FirstService, with Wall Street Zen upgrading the stock to a "buy" and Scotiabank adjusting the target price from $210.00 to $220.00.
• The company recently announced a quarterly dividend of $0.275 per share, with an annualized dividend yield of 0.6%.

FirstService Corporation (NASDAQ:FSV - Free Report) TSE: FSV - Stifel Canada cut their FY2025 earnings per share estimates for FirstService in a report issued on Monday, October 13th. Stifel Canada analyst D. Young now expects that the financial services provider will post earnings of $5.41 per share for the year, down from their prior forecast of $5.44. The consensus estimate for FirstService's current full-year earnings is $5.27 per share. Stifel Canada also issued estimates for FirstService's Q4 2025 earnings at $1.39 EPS.

Several other research firms have also issued reports on FSV. Wall Street Zen upgraded FirstService from a "hold" rating to a "buy" rating in a report on Sunday, September 7th. Scotiabank upped their target price on FirstService from $210.00 to $220.00 and gave the stock a "sector perform" rating in a report on Wednesday, July 30th. TD Securities restated a "hold" rating on shares of FirstService in a research note on Thursday, September 4th. Zacks Research lowered FirstService from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, September 23rd. Finally, Weiss Ratings restated a "buy (b-)" rating on shares of FirstService in a research note on Wednesday, October 8th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $217.75.

FirstService Stock Performance

Shares of FirstService stock opened at $184.95 on Thursday. The firm has a market cap of $8.43 billion, a price-to-earnings ratio of 59.28 and a beta of 0.99. The stock's 50-day moving average is $196.35 and its 200-day moving average is $183.17. FirstService has a one year low of $153.13 and a one year high of $209.66. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.76 and a quick ratio of 1.76.

FirstService (NASDAQ:FSV - Get Free Report) TSE: FSV last issued its quarterly earnings results on Thursday, July 24th. The financial services provider reported $1.71 EPS for the quarter, beating analysts' consensus estimates of $1.45 by $0.26. The company had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.40 billion. FirstService had a return on equity of 18.24% and a net margin of 2.61%.The company's quarterly revenue was up 9.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.36 earnings per share.

FirstService Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 7th. Stockholders of record on Tuesday, September 30th were paid a dividend of $0.275 per share. The ex-dividend date was Tuesday, September 30th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 0.6%. FirstService's dividend payout ratio (DPR) is 35.26%.

Hedge Funds Weigh In On FirstService

A number of large investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of FirstService by 1.2% during the first quarter. Vanguard Group Inc. now owns 1,815,548 shares of the financial services provider's stock worth $301,051,000 after purchasing an additional 20,872 shares during the period. Mackenzie Financial Corp increased its stake in shares of FirstService by 100.8% during the second quarter. Mackenzie Financial Corp now owns 1,475,463 shares of the financial services provider's stock worth $257,634,000 after purchasing an additional 740,583 shares during the period. Orbis Allan Gray Ltd increased its stake in shares of FirstService by 0.5% during the second quarter. Orbis Allan Gray Ltd now owns 1,423,870 shares of the financial services provider's stock worth $248,636,000 after purchasing an additional 6,680 shares during the period. Price T Rowe Associates Inc. MD increased its stake in shares of FirstService by 2.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 671,431 shares of the financial services provider's stock worth $111,424,000 after purchasing an additional 15,334 shares during the period. Finally, Franklin Resources Inc. increased its stake in shares of FirstService by 8.8% during the second quarter. Franklin Resources Inc. now owns 586,891 shares of the financial services provider's stock worth $102,482,000 after purchasing an additional 47,696 shares during the period. Institutional investors own 69.35% of the company's stock.

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.

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