FirstService (TSE:FSV) Sets New 12-Month High – Still a Buy?

FirstService Co. (TSE:FSV) (NASDAQ:FSV)’s stock price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$265.72 and last traded at C$258.78, with a volume of 65130 shares traded. The stock had previously closed at C$255.56.

FirstService Price Performance

The firm’s 50 day moving average is C$244.67 and its two-hundred day moving average is C$223.48. The stock has a market cap of C$11.87 billion, a price-to-earnings ratio of 108.07, a P/E/G ratio of 107.75 and a beta of 0.96. The company has a current ratio of 1.74, a quick ratio of 1.25 and a debt-to-equity ratio of 105.28.

FirstService (TSE:FSV) (NASDAQ:FSV) last announced its earnings results on Thursday, July 25th. The company reported C$1.71 earnings per share for the quarter, beating the consensus estimate 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 the consensus estimate of C$1.76 billion. On average, sell-side analysts predict that FirstService Co. will post 7.5161189 EPS for the current year.

FirstService Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, October 7th. Investors of record on Monday, September 30th were paid a $0.337 dividend. This represents a $1.35 annualized dividend and a yield of ∞. The ex-dividend date of this dividend was Friday, September 27th. FirstService’s payout ratio is 55.56%.

Insider Activity

In other news, Director Erin Joy Wallace sold 11,500 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of C$174.35, for a total transaction of C$2,004,993.95. Corporate insiders own 10.26% 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.