FirstService (TSE:FSV) Sets New 12-Month High – Here’s What Happened

FirstService Co. (TSE:FSV) (NASDAQ:FSV) shares reached a new 52-week high during trading on Tuesday . The company traded as high as C$257.99 and last traded at C$257.89, with a volume of 75159 shares traded. The stock had previously closed at C$255.63.

FirstService Trading Up 0.6 %

The company has a debt-to-equity ratio of 105.28, a current ratio of 1.74 and a quick ratio of 1.25. The firm has a market capitalization of C$11.69 billion, a price-to-earnings ratio of 106.83, a PEG ratio of 107.75 and a beta of 0.96. The business has a 50 day moving average of C$242.34 and a 200 day moving average of C$222.35.

FirstService (TSE:FSV) (NASDAQ:FSV) last released its quarterly earnings data on Thursday, July 25th. The company reported C$1.71 earnings per share for the quarter, topping the consensus estimate of C$1.58 by C$0.13. The business had revenue of C$1.78 billion for the quarter, compared to analyst estimates of C$1.76 billion. FirstService had a net margin of 1.73% and a return on equity of 9.46%. As a group, research analysts predict that FirstService Co. will post 7.5161189 earnings per share for the current fiscal year.

FirstService Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 7th. Investors of record on Monday, September 30th were paid a dividend of $0.337 per share. This represents a $1.35 annualized dividend and a yield of 0.52%. The ex-dividend date was Friday, September 27th. FirstService’s payout ratio is presently 55.56%.

Insiders Place Their Bets

In related news, Director Erin Joy Wallace sold 11,500 shares of the stock in a transaction that occurred on Wednesday, August 21st. The stock was 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.

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.