FirstService (TSE:FSV) Reaches New 52-Week High at $178.83

Shares of FirstService Corp (TSE:FSV) (NASDAQ:FSV) reached a new 52-week high on Wednesday . The stock traded as high as C$178.83 and last traded at C$175.66, with a volume of 3003 shares changing hands. The stock had previously closed at C$176.40.

Separately, Raymond James reaffirmed an “outperform” rating and set a C$100.00 price objective on shares of FirstService in a report on Tuesday, May 26th.

The stock has a 50 day moving average price of C$160.85 and a two-hundred day moving average price of C$134.12. The company has a current ratio of 1.74, a quick ratio of 1.38 and a debt-to-equity ratio of 103.97. The company has a market cap of $7.67 billion and a price-to-earnings ratio of 126.45.

FirstService (TSE:FSV) (NASDAQ:FSV) last released its quarterly earnings data on Thursday, July 23rd. The company reported C$0.88 EPS for the quarter, beating the Zacks’ consensus estimate of C($0.08) by C$0.96. The firm had revenue of C$861.90 million during the quarter, compared to the consensus estimate of C$738.48 million. On average, equities analysts forecast that FirstService Corp will post 3.555707 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Wednesday, September 30th will be given a $0.215 dividend. This represents a $0.86 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date of this dividend is Tuesday, September 29th. FirstService’s dividend payout ratio is currently 45.16%.

In related news, Director Brendan Calder sold 1,756 shares of the company’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of C$164.69, for a total value of C$289,195.64. Following the completion of the sale, the director now owns 3,000 shares in the company, valued at approximately C$494,070. Also, Senior Officer Douglas G. Cooke sold 5,000 shares of the company’s stock in a transaction on Monday, July 27th. The shares were sold at an average price of C$155.00, for a total transaction of C$775,000.00. Following the completion of the sale, the insider now owns 171,524 shares of the company’s stock, valued at approximately C$26,586,220. In the last 90 days, insiders sold 8,056 shares of company stock valued at $1,270,363.

FirstService Company Profile (TSE:FSV)

FirstService Corporation, together with its subsidiaries, provides residential property services to residential and commercial customers in the United States and Canada. The company operates through two segments, FirstService Residential and FirstService Brands. The FirstService Residential segment provides property management 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.

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