FirstService Co. (NASDAQ:FSV) Declares Quarterly Dividend of $0.25

FirstService Co. (NASDAQ:FSV) (TSE:FSV) declared a quarterly dividend on Friday, December 6th,Wall Street Journal reports. Investors of record on Tuesday, December 31st will be given a dividend of 0.25 per share by the financial services provider on Tuesday, January 7th. This represents a $1.00 annualized dividend and a yield of 0.52%. The ex-dividend date of this dividend is Tuesday, December 31st.

FirstService has increased its dividend by an average of 10.9% per year over the last three years. FirstService has a dividend payout ratio of 17.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect FirstService to earn $5.21 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 19.2%.

FirstService Stock Down 1.1 %

Shares of NASDAQ FSV opened at $192.05 on Friday. FirstService has a 1 year low of $141.26 and a 1 year high of $197.84. The firm’s 50-day moving average is $187.41 and its 200-day moving average is $172.57. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 1.13. The firm has a market capitalization of $8.69 billion, a PE ratio of 80.02 and a beta of 1.04.

FirstService (NASDAQ:FSV) (TSE:FSV) last released its quarterly earnings data on Thursday, October 24th. The financial services provider reported $1.63 EPS for the quarter, beating analysts’ consensus estimates of $1.42 by $0.21. The business had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.32 billion. FirstService had a return on equity of 16.68% and a net margin of 2.19%. The firm’s revenue was up 25.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.18 earnings per share. Equities analysts expect that FirstService will post 4.58 EPS for the current year.

Analyst Upgrades and Downgrades

FSV has been the subject of several research reports. StockNews.com raised shares of FirstService from a “hold” rating to a “buy” rating in a research report on Friday, October 25th. Stifel Nicolaus increased their target price on FirstService from $200.00 to $215.00 and gave the stock a “buy” rating in a report on Monday, October 21st. TD Securities boosted their price target on FirstService from $179.00 to $182.00 and gave the company a “hold” rating in a report on Thursday, October 17th. Finally, Scotiabank upped their price objective on FirstService from $190.00 to $200.00 and gave the stock a “sector perform” rating in a research report on Tuesday, October 15th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $198.33.

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.