FirstService (NASDAQ:FSV – Get Free Report) (TSE:FSV) posted its quarterly earnings results on Thursday. The financial services provider reported $1.63 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.21, Briefing.com reports. The company had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.32 billion. FirstService had a net margin of 1.73% and a return on equity of 15.60%. The firm’s revenue for the quarter was up 25.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.18 earnings per share.
FirstService Stock Up 0.0 %
Shares of FirstService stock traded up $0.04 during trading on Friday, hitting $189.69. The company’s stock had a trading volume of 86,222 shares, compared to its average volume of 82,817. FirstService has a 52 week low of $134.77 and a 52 week high of $192.71. The company has a market capitalization of $8.53 billion, a PE ratio of 93.91 and a beta of 1.05. The company has a fifty day simple moving average of $180.92 and a two-hundred day simple moving average of $164.48. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.84 and a current ratio of 1.84.
FirstService Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, October 7th. Shareholders of record on Monday, September 30th were issued a $0.25 dividend. The ex-dividend date was Monday, September 30th. This represents a $1.00 dividend on an annualized basis and a yield of 0.53%. FirstService’s dividend payout ratio (DPR) is 49.50%.
Analyst Upgrades and Downgrades
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About FirstService
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.
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