FirstService (TSE:FSV) Shares Cross Above 200 Day Moving Average of $218.68

Shares of FirstService Co. (TSE:FSV) (NASDAQ:FSV) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$218.68 and traded as high as C$243.35. FirstService shares last traded at C$242.56, with a volume of 62,345 shares trading hands.

FirstService Stock Up 0.8 %

The company has a debt-to-equity ratio of 105.28, a current ratio of 1.74 and a quick ratio of 1.25. The stock has a market capitalization of C$11.04 billion, a P/E ratio of 101.72, a PEG ratio of 107.75 and a beta of 0.97. The stock’s fifty day moving average is C$232.39 and its two-hundred day moving average is C$218.99.

FirstService (TSE:FSV) (NASDAQ:FSV) last released its quarterly earnings data on Thursday, July 25th. The company reported C$1.71 earnings per share for the quarter, topping the consensus estimate of C$1.58 by C$0.13. The business had revenue of C$1.78 billion during the quarter, compared to analyst estimates of C$1.76 billion. FirstService had a return on equity of 9.46% and a net margin of 1.73%. As a group, research analysts predict that FirstService Co. will post 6.535647 earnings per share for the current fiscal year.

FirstService Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 7th. Shareholders of record on Monday, September 30th will be issued a dividend of $0.337 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a $1.35 annualized dividend and a yield of 0.55%. FirstService’s payout ratio is presently 56.43%.

Insider Buying and Selling at FirstService

In other news, Director Erin Joy Wallace sold 11,500 shares of FirstService stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of C$174.35, for a total value of C$2,004,993.95. In related news, Director Erin Joy Wallace sold 11,500 shares of the company’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of C$174.35, for a total transaction of C$2,004,993.95. Also, Senior Officer Douglas G. Cooke sold 2,000 shares of the stock in a transaction dated Monday, June 17th. The stock was sold at an average price of C$209.60, for a total value of C$419,200.00. Over the last ninety days, insiders sold 14,600 shares of company stock valued at $2,650,750. 10.28% of the stock is currently owned by corporate insiders.

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.