FirstService (TSE:FSV) Posts Earnings Results

FirstService (TSE:FSV) (NASDAQ:FSV) released its quarterly earnings results on Wednesday. The company reported C$0.75 EPS for the quarter, missing analysts’ consensus estimates of C$0.79 by C($0.04), reports. FirstService had a net margin of 2.32% and a return on equity of 11.77%. The company had revenue of C$1.56 billion during the quarter, compared to the consensus estimate of C$1.53 billion.

FirstService Trading Down 1.2 %

TSE FSV opened at C$204.83 on Friday. The business’s 50-day moving average price is C$219.51 and its two-hundred day moving average price is C$214.59. FirstService has a 12 month low of C$186.43 and a 12 month high of C$231.73. The firm has a market capitalization of C$9.21 billion, a PE ratio of 67.16, a price-to-earnings-growth ratio of 107.75 and a beta of 0.89. The company has a current ratio of 1.77, a quick ratio of 1.25 and a debt-to-equity ratio of 104.41.

FirstService Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 29th were given a $0.336 dividend. This represents a $1.34 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date was Wednesday, March 27th. This is a positive change from FirstService’s previous quarterly dividend of $0.31. FirstService’s payout ratio is 44.26%.

Insider Buying and Selling at FirstService

In other FirstService news, Senior Officer Jeremy Alan Rakusin sold 1,000 shares of the company’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of C$226.27, for a total value of C$226,272.00. In related news, Senior Officer Jeremy Alan Rakusin sold 1,000 shares of the company’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of C$226.27, for a total transaction of C$226,272.00. Also, Director D. Scott Patterson sold 500 shares of the company’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of C$230.50, for a total value of C$115,250.00. In the last quarter, insiders have sold 19,300 shares of company stock worth $4,357,897. Insiders own 10.30% 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.