FirstService Stock Gets Higher EPS Estimate from Scotiabank

FirstService Corporation (NASDAQ:FSV) (TSE:FSV) – Equities researchers at Scotiabank raised their FY2026 earnings estimates for shares of FirstService in a research note issued to investors on Monday, November 2nd. Scotiabank analyst H. Gupta now anticipates that the financial services provider will post earnings per share of $5.60 for the year, up from their prior estimate of $5.57. Scotiabank currently has an “Outperform” rating on the stock. The consensus estimate for FirstService’s current full-year earnings is $5.62 per share. Scotiabank also issued estimates for FirstService’s FY2027 earnings at $6.02 EPS.

Several other equities research analysts also recently weighed in on FSV. Raymond James Financial restated an “outperform” rating and issued a $190.00 target price on shares of FirstService in a research note on Friday, October 23rd. BMO Capital Markets reaffirmed an “outperform” rating and set a $179.00 price target on shares of FirstService in a research report on Friday, October 23rd. Weiss Ratings upgraded FirstService from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, October 22nd. Wall Street Zen lowered FirstService from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Finally, TD raised their price objective on FirstService from $195.00 to $203.00 and gave the stock a “buy” rating in a research report on Friday, October 23rd. Eight analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $179.82.

FirstService Trading Down 1.0%

NASDAQ:FSV opened at $153.62 on Friday. FirstService has a 52 week low of $119.41 and a 52 week high of $166.73. The firm has a 50 day moving average of $136.39 and a 200 day moving average of $142.21. The company has a quick ratio of 1.63, a current ratio of 1.56 and a debt-to-equity ratio of 1.66. The stock has a market capitalization of $6.44 billion, a price-to-earnings ratio of 46.84, a PEG ratio of 2.93 and a beta of 0.89.

FirstService (NASDAQ:FSV) (TSE:FSV) last issued its quarterly earnings data on Thursday, October 22nd. The financial services provider reported $1.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.84 by $0.05. The firm had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.48 billion. FirstService had a net margin of 2.59% and a return on equity of 19.66%. The company’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.76 EPS.

Institutional Trading of FirstService

Institutional investors have recently bought and sold shares of the stock. Janus Henderson Group PLC grew its position in FirstService by 16.1% during the 1st quarter. Janus Henderson Group PLC now owns 1,587,454 shares of the financial services provider’s stock worth $220,560,000 after purchasing an additional 219,890 shares during the last quarter. Royal Bank of Canada increased its stake in FirstService by 15.7% during the 1st quarter. Royal Bank of Canada now owns 573,421 shares of the financial services provider’s stock valued at $79,672,000 after purchasing an additional 77,758 shares in the last quarter. Copeland Capital Management LLC raised its holdings in shares of FirstService by 11.9% in the third quarter. Copeland Capital Management LLC now owns 389,749 shares of the financial services provider’s stock worth $49,841,000 after buying an additional 41,333 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of FirstService by 3.2% in the first quarter. Dimensional Fund Advisors LP now owns 277,225 shares of the financial services provider’s stock worth $38,513,000 after buying an additional 8,689 shares during the last quarter. Finally, Bank of America Corp DE raised its holdings in shares of FirstService by 8.2% in the first quarter. Bank of America Corp DE now owns 240,316 shares of the financial services provider’s stock worth $33,390,000 after buying an additional 18,146 shares during the last quarter. 69.35% of the stock is currently owned by institutional investors and hedge funds.

FirstService Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 7th. Investors of record on Wednesday, September 30th were given a $0.3050 dividend. This represents a $1.22 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Wednesday, September 30th. FirstService’s dividend payout ratio (DPR) is presently 37.20%.

About FirstService

FirstService Corporation is a Canadian provider of property management and property services serving customers primarily in the United States and Canada. The company operates through two main businesses: FirstService Residential and FirstService Brands.

FirstService Residential provides property management services for condominium and homeowners’ associations, cooperatives, and other residential communities. Its services include community administration, financial management, maintenance coordination, customer support, and related operational services.

FirstService Brands operates and supports a network of property-service businesses, including companies involved in property restoration, painting, flooring, window treatments, and other residential and commercial services.