FirstService (TSE:FSV) Shares Cross Below Two Hundred Day Moving Average of $124.63

FirstService Corp (TSE:FSV) (NASDAQ:FSV) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $124.63 and traded as low as $134.05. FirstService shares last traded at $134.59, with a volume of 11,238 shares traded.

Separately, BMO Capital Markets set a C$106.00 price objective on FirstService and gave the stock a “market perform” rating in a research note on Monday, June 3rd.

The stock has a 50 day simple moving average of C$137.23 and a 200 day simple moving average of C$124.72. The company has a market cap of $5.25 billion and a price-to-earnings ratio of -20.11. The company has a quick ratio of 1.30, a current ratio of 1.67 and a debt-to-equity ratio of 287.44.

FirstService (TSE:FSV) (NASDAQ:FSV) last released its quarterly earnings results on Wednesday, July 24th. The company reported C$1.25 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.83 by C$0.42. The business had revenue of C$767.71 million during the quarter, compared to analyst estimates of C$738.92 million. As a group, equities research analysts expect that FirstService Corp will post 3.5899999 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 7th. Investors of record on Monday, September 30th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.60%. The ex-dividend date of this dividend is Friday, September 27th. FirstService’s dividend payout ratio (DPR) is -8.55%.

In related news, Director Michael Natale sold 500 shares of the business’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of C$138.50, for a total value of C$69,250.00. Following the transaction, the director now owns 4,500 shares in the company, valued at C$623,250.

FirstService Company Profile (TSE:FSV)

FirstService Corporation, together with its subsidiaries, provides residential property services to residential and commercial customers in the United States and Canada. The company operates through two segments, FirstService Residential and FirstService Brands. The FirstService Residential segment provides property management 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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