FirstService Co. Plans Quarterly Dividend of $0.25 (NASDAQ:FSV)

FirstService Co. (NASDAQ:FSV) (TSE:FSV) announced a quarterly dividend on Tuesday, September 10th, Zacks reports. Shareholders of record on Monday, September 30th will be given a dividend of 0.25 per share by the financial services provider on Monday, October 7th. This represents a $1.00 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date is Monday, September 30th.

FirstService has increased its dividend payment by an average of 10.9% annually over the last three years. FirstService has a dividend payout ratio of 18.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect FirstService to earn $5.01 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 20.0%.

FirstService Trading Down 0.2 %

Shares of FSV stock traded down $0.42 during trading hours on Thursday, reaching $178.66. 19,485 shares of the stock traded hands, compared to its average volume of 82,914. The business has a fifty day moving average price of $169.95 and a 200 day moving average price of $160.38. FirstService has a 1-year low of $134.77 and a 1-year high of $181.23. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 1.23. The firm has a market capitalization of $8.03 billion, a PE ratio of 88.65 and a beta of 1.05.

FirstService (NASDAQ:FSV) (TSE:FSV) last issued its earnings results on Thursday, July 25th. The financial services provider reported $1.36 EPS for the quarter, topping the consensus estimate of $1.26 by $0.10. FirstService had a return on equity of 15.60% and a net margin of 1.73%. The business had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.28 billion. During the same quarter last year, the firm posted $1.37 earnings per share. FirstService’s revenue was up 15.9% compared to the same quarter last year. On average, equities research analysts forecast that FirstService will post 4.31 EPS for the current year.

Analyst Ratings Changes

A number of research firms have issued reports on FSV. Royal Bank of Canada increased their target price on shares of FirstService from $187.00 to $192.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. TD Securities boosted their target price on shares of FirstService from $178.00 to $179.00 and gave the stock a “buy” rating in a research report on Wednesday. BMO Capital Markets lifted their price objective on shares of FirstService from $193.00 to $196.00 and gave the company an “outperform” rating in a research note on Friday, June 7th. Finally, Scotiabank upped their price target on FirstService from $175.00 to $190.00 and gave the stock a “sector perform” rating in a research note on Monday, July 29th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, FirstService presently has an average rating of “Moderate Buy” and a consensus price target of $189.50.

FirstService Company Profile

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