FirstService Corp (FSV) Expected to Post Q1 2019 Earnings of $0.39 Per Share

FirstService Corp (TSE:FSV) (NASDAQ:FSV) – Equities research analysts at William Blair issued their Q1 2019 earnings per share (EPS) estimates for shares of FirstService in a research note issued to investors on Wednesday. William Blair analyst S. Sheldon expects that the company will earn $0.39 per share for the quarter. William Blair currently has a “Market Perform” rating on the stock. William Blair also issued estimates for FirstService’s Q2 2019 earnings at $1.09 EPS, Q3 2019 earnings at $1.24 EPS and Q4 2019 earnings at $0.88 EPS.

A number of other brokerages also recently commented on FSV. Scotiabank downgraded FirstService from an “outperform” rating to a “sector perform” rating and lifted their price objective for the stock from C$89.00 to C$91.00 in a research report on Thursday, October 26th. Royal Bank of Canada downgraded FirstService from an “outperform” rating to a “sector perform” rating and set a C$95.50 price objective on the stock. in a research report on Thursday, October 26th. Finally, BMO Capital Markets reiterated a “market perform” rating and set a C$74.00 price objective on shares of FirstService in a research report on Thursday, October 26th. Five analysts have rated the stock with a hold rating, The stock currently has a consensus rating of “Hold” and a consensus target price of C$85.63.

FirstService (FSV) opened at C$85.41 on Monday. FirstService has a 1 year low of C$67.50 and a 1 year high of C$94.73. The company has a market capitalization of $2,770.00 and a P/E ratio of 56.19.

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 6th. Shareholders of record on Thursday, March 29th will be given a $0.166 dividend. The ex-dividend date is Wednesday, March 28th. This represents a $0.66 dividend on an annualized basis and a yield of 0.78%. This is an increase from FirstService’s previous quarterly dividend of $0.12. FirstService’s payout ratio is currently 31.41%.

In other FirstService news, insider Corporation Firstservice bought 1,000 shares of FirstService stock in a transaction on Monday, December 18th. The shares were bought at an average price of C$69.44 per share, for a total transaction of C$69,440.00. Also, Director Brendan Calder sold 6,000 shares of FirstService stock in a transaction on Monday, December 18th. The shares were sold at an average price of C$89.40, for a total value of C$536,400.00.

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About FirstService

Firstservice Corporation is a provider of residential property management and other essential property services to residential and commercial customers. The Company operates through two segments: FirstService Residential and FirstService Brands. FirstService Residential is a property manager and provides ancillary services in the areas of on-site staffing, including building engineering and maintenance, full-service amenity management, security, concierge and front desk personnel, and landscaping; banking and insurance products, and energy conservation and management solutions.

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