FirstService (TSE:FSV) Sets New 52-Week High at $246.01

FirstService Co. (TSE:FSV) (NASDAQ:FSV)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as C$246.01 and last traded at C$245.68, with a volume of 17287 shares trading hands. The stock had previously closed at C$243.22.

FirstService Stock Up 0.9 %

The company has a debt-to-equity ratio of 105.28, a quick ratio of 1.25 and a current ratio of 1.74. The company has a market capitalization of C$11.05 billion, a PE ratio of 101.32, a price-to-earnings-growth ratio of 107.75 and a beta of 0.97. The company’s fifty day moving average is C$231.71 and its 200-day moving average is C$218.82.

FirstService (TSE:FSV) (NASDAQ:FSV) last announced its quarterly earnings data on Thursday, July 25th. The company reported C$1.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$1.58 by C$0.13. FirstService had a net margin of 1.73% and a return on equity of 9.46%. The firm had revenue of C$1.78 billion during the quarter, compared to analysts’ expectations of C$1.76 billion. As a group, analysts predict that FirstService Co. will post 6.535647 EPS for the current fiscal year.

FirstService Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 7th. Shareholders of record on Monday, September 30th will be issued a dividend of $0.337 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a $1.35 dividend on an annualized basis and a yield of 0.55%. FirstService’s dividend payout ratio is presently 56.43%.

Insider Activity

In related news, Director Joan Eloise Sproul sold 1,100 shares of FirstService stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of C$205.96, for a total transaction of C$226,556.00. In other FirstService news, Senior Officer Douglas G. Cooke sold 2,000 shares of the business’s stock in a transaction on Monday, June 17th. The shares were sold at an average price of C$209.60, for a total value of C$419,200.00. Also, Director Joan Eloise Sproul sold 1,100 shares of the stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of C$205.96, for a total transaction of C$226,556.00. Insiders have sold 14,600 shares of company stock worth $2,650,750 over the last ninety days. Corporate insiders own 10.28% of the company’s stock.

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.