FirstService (TSE:FSV) Releases Quarterly Earnings Results

FirstService (TSE:FSV) (NASDAQ:FSV) announced its earnings results on Wednesday. The company reported C$1.88 earnings per share for the quarter, FiscalAI reports. FirstService had a net margin of 2.19% and a return on equity of 10.05%.

FirstService Price Performance

FSV opened at C$210.71 on Wednesday. The stock’s 50-day moving average price is C$215.36 and its 200 day moving average price is C$241.89. FirstService has a 12-month low of C$203.88 and a 12-month high of C$290.34. The firm has a market cap of C$9.63 billion, a price-to-earnings ratio of 69.54, a PEG ratio of 107.75 and a beta of 0.78. The company has a current ratio of 1.81, a quick ratio of 1.25 and a debt-to-equity ratio of 136.54.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Scotiabank raised FirstService from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 24th. TD Securities lowered their price objective on FirstService from C$213.00 to C$211.00 and set a “buy” rating on the stock in a research report on Wednesday, November 5th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company. Based on data from MarketBeat.com, FirstService has a consensus rating of “Strong Buy” and a consensus target price of C$211.00.

FirstService Company Profile

FirstService Corp operates in two business divisions: FirstService Residential and FirstService Brands. FirstService Residential has service contracts to manage thousands of residential communities, including high-, medium-, and low-rise condominiums and co-operatives, and generates most of the company’s revenue. FirstService Brands provides property services to residential and commercial customers through the following brands: California Closets; Paul Davis Restoration; CertPro Painters; Pillar to Post; Floor Coverings International; College Pro Painters; and Service America.