Stifel Canada Increases Earnings Estimates for FirstService

Key Points

• Stifel Canada has raised its FY2025 EPS estimate for FirstService from $7.42 to $7.48, while the current consensus estimate stands at $7.52 per share.
• TD Securities adjusted their price target for FirstService from C$211.00 to C$214.00, maintaining a "hold" rating.
• FirstService recently declared a quarterly dividend of $0.275, resulting in an annualized payout of $1.10 and a yield of 0.4%.

FirstService Co. (TSE:FSV - Free Report) NASDAQ: FSV - Stock analysts at Stifel Canada increased their FY2025 EPS estimates for FirstService in a note issued to investors on Monday, October 13th. Stifel Canada analyst D. Young now forecasts that the company will post earnings per share of $7.48 for the year, up from their previous estimate of $7.42. The consensus estimate for FirstService's current full-year earnings is $7.52 per share.

Separately, TD Securities upped their price target on FirstService from C$211.00 to C$214.00 and gave the stock a "hold" rating in a report on Thursday, September 4th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of C$214.00.

FirstService Trading Up 1.0%

FSV stock opened at C$259.14 on Wednesday. FirstService has a 52-week low of C$220.39 and a 52-week high of C$290.34. The company has a quick ratio of 1.25, a current ratio of 1.81 and a debt-to-equity ratio of 136.54. The firm has a market cap of C$11.80 billion, a P/E ratio of 83.06, a PEG ratio of 107.75 and a beta of 0.92. The company's 50-day simple moving average is C$272.24 and its 200-day simple moving average is C$253.18.

Insider Buying and Selling at FirstService

In other news, Director Erin Joy Wallace sold 3,000 shares of the firm's stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of C$275.74, for a total value of C$827,214.00. Following the transaction, the director directly owned 10,000 shares of the company's stock, valued at approximately C$2,757,380. This trade represents a 23.08% decrease in their ownership of the stock. Also, Senior Officer Jeremy Alan Rakusin sold 2,800 shares of the business's stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of C$273.24, for a total transaction of C$765,072.00. Insiders own 10.26% of the company's stock.

FirstService Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 7th. Shareholders of record on Tuesday, September 30th were issued a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 0.4%. FirstService's payout ratio is currently 33.65%.

About FirstService

FirstService Corp operates in two business divisions: FirstService Residential and FirstService Brands. FirstService Residential has service contracts to manage thousands of residential communities, including high-, medium-, and low-rise condominiums and co-operatives, and generates most of the company's revenue.

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