FirstService Corp (TSE:FSV) to Post Q2 2019 Earnings of $0.83 Per Share, William Blair Forecasts

FirstService Corp (TSE:FSV) (NASDAQ:FSV) – Investment analysts at William Blair reduced their Q2 2019 earnings estimates for shares of FirstService in a research report issued to clients and investors on Monday, June 24th, according to Zacks Investment Research. William Blair analyst S. Sheldon now expects that the company will post earnings of $0.83 per share for the quarter, down from their previous estimate of $0.88. William Blair also issued estimates for FirstService’s Q3 2019 earnings at $1.00 EPS, Q4 2019 earnings at $0.59 EPS, FY2019 earnings at $2.52 EPS and FY2020 earnings at $3.24 EPS.

FirstService (TSE:FSV) (NASDAQ:FSV) last released its quarterly earnings results on Wednesday, April 24th. The company reported C$0.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.15 by C($0.07). The business had revenue of C$645.71 million during the quarter, compared to analysts’ expectations of C$617.00 million.

Separately, BMO Capital Markets set a C$106.00 price objective on FirstService and gave the stock a “market perform” rating in a report on Monday, June 3rd.

FirstService stock traded up C$0.23 during midday trading on Wednesday, reaching C$127.59. 18,914 shares of the company’s stock were exchanged, compared to its average volume of 44,202. FirstService has a 52 week low of C$88.42 and a 52 week high of C$132.32. The company has a market cap of $4.55 billion and a price-to-earnings ratio of 75.50. The firm has a 50-day moving average price of C$126.41. The company has a current ratio of 1.71, a quick ratio of 1.30 and a debt-to-equity ratio of 128.20.

The firm also recently declared a quarterly dividend, which was paid on Friday, July 5th. Stockholders of record on Friday, June 28th were given a $0.201 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.63%. This is an increase from FirstService’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Thursday, June 27th. FirstService’s payout ratio is presently 32.84%.

FirstService Company Profile

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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