FirstService Co. (NASDAQ:FSV) Plans $0.25 Quarterly Dividend

FirstService Co. (NASDAQ:FSV - Get Free Report) TSE: FSV declared a quarterly dividend on Tuesday, May 7th, Zacks reports. Shareholders of record on Friday, June 28th will be paid a dividend of 0.25 per share by the financial services provider on Friday, July 5th. This represents a $1.00 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date is Friday, June 28th.

FirstService has increased its dividend by an average of 10.9% per year over the last three years and has increased its dividend every year for the last 6 years. FirstService has a payout ratio of 18.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect FirstService to earn $5.11 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 19.6%.

FirstService Trading Up 0.5 %

FirstService stock traded up $0.69 during mid-day trading on Thursday, hitting $151.73. The stock had a trading volume of 89,191 shares, compared to its average volume of 78,879. The stock has a market capitalization of $6.82 billion, a PE ratio of 74.77 and a beta of 1.01. FirstService has a 12 month low of $134.77 and a 12 month high of $171.94. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 1.18. The stock has a 50-day simple moving average of $159.13 and a two-hundred day simple moving average of $158.80.

FirstService (NASDAQ:FSV - Get Free Report) TSE: FSV last issued its earnings results on Wednesday, April 24th. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.01). The business had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.13 billion. FirstService had a net margin of 2.02% and a return on equity of 16.42%. As a group, sell-side analysts forecast that FirstService will post 4.38 EPS for the current year.

Analysts Set New Price Targets

FSV has been the subject of several recent research reports. Royal Bank of Canada reiterated an "outperform" rating and set a $187.00 target price on shares of FirstService in a research report on Wednesday, February 7th. TheStreet lowered FirstService from a "b-" rating to a "c" rating in a research report on Tuesday, February 6th. Scotiabank started coverage on FirstService in a research report on Thursday, April 11th. They issued a "sector perform" rating and a $170.00 price target on the stock. BMO Capital Markets reduced their price target on FirstService from $196.00 to $193.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 7th. Finally, Raymond James raised their price target on FirstService from $185.00 to $205.00 and gave the stock an "outperform" rating in a research report on Friday, January 26th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $186.00.

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.