FY2024 EPS Estimates for FirstService Lifted by Analyst

FirstService Co. (TSE:FSV) (NASDAQ:FSV) – Investment analysts at Stifel Canada boosted their FY2024 EPS estimates for FirstService in a report issued on Sunday, January 26th. Stifel Canada analyst D. Young now expects that the company will earn $6.62 per share for the year, up from their prior forecast of $6.39. The consensus estimate for FirstService’s current full-year earnings is $7.52 per share. Stifel Canada also issued estimates for FirstService’s Q4 2024 earnings at $1.78 EPS.

Separately, TD Securities boosted their price objective on shares of FirstService from C$182.00 to C$194.00 and gave the company a “hold” rating in a research report on Monday, October 28th.

FirstService Stock Performance

Shares of FirstService stock opened at C$267.20 on Tuesday. The company has a 50 day moving average of C$264.53 and a 200-day moving average of C$248.84. The company has a market cap of C$12.03 billion, a PE ratio of 109.96, a price-to-earnings-growth 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 has a 1-year low of C$193.77 and a 1-year high of C$278.19.

Insider Activity at FirstService

In other FirstService news, Senior Officer Douglas G. Cooke sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of C$262.70, for a total value of C$1,313,500.00. Also, Director Joan Eloise Sproul sold 200 shares of the company’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of C$268.69, for a total transaction of C$53,738.00. Insiders have sold 14,225 shares of company stock valued at $3,777,120 over the last ninety days. 10.26% of the stock is owned by corporate insiders.

FirstService Company Profile

FirstService Corp operates in two business divisions: FirstService Residential and FirstService Brands. FirstService Residential has service contracts to manage thousands of residential communities, including high-, medium-, and low-rise condominiums and co-operatives, and generates most of the company’s revenue.