FirstService Downgraded by JMP Securities to Market Perform (FSRV)
FirstService (NASDAQ:FSRV) was downgraded by analysts at JMP Securities from an “outperform” rating to a “market perform” rating in a research report issued to clients and investors on Tuesday, TheFlyOnTheWall.com reports.
Shares of FirstService (NASDAQ:FSRV) traded down 1.39% on Tuesday, hitting $43.97. 69,553 shares of the company’s stock traded hands. FirstService has a 1-year low of $29.00 and a 1-year high of $45.39. The stock has a 50-day moving average of $41.88 and a 200-day moving average of $40.38. The company’s market cap is $1.570 billion.
FirstService (NASDAQ:FSRV) last posted its quarterly earnings results on Tuesday, February 11th. The company reported $0.97 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.79 by $0.18. The company had revenue of $691.70 million for the quarter, compared to the consensus estimate of $664.98 million. During the same quarter in the prior year, the company posted $0.68 earnings per share. The company’s quarterly revenue was up 9.3% on a year-over-year basis. On average, analysts predict that FirstService will post $2.43 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, April 9th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.91%. The ex-dividend date is Thursday, March 27th.
Separately, analysts at Zacks downgraded shares of FirstService from an “outperform” rating to a “neutral” rating in a research note on Tuesday, December 31st. They now have a $45.00 price target on the stock.
FirstService Corporation (NASDAQ:FSRV) is engaged in the property services sector, providing services in commercial real estate, residential property management and property services.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.