FirstService (TSE:FSV) Stock Passes Below 200-Day Moving Average of $165.55

FirstService Co. (TSE:FSVGet Rating) (NASDAQ:FSV) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$165.55 and traded as low as C$155.88. FirstService shares last traded at C$156.23, with a volume of 106,480 shares.

FirstService Stock Down 2.4 %

The company has a quick ratio of 1.17, a current ratio of 1.64 and a debt-to-equity ratio of 78.72. The company’s fifty day simple moving average is C$167.80 and its 200 day simple moving average is C$165.55. The firm has a market capitalization of C$6.90 billion and a PE ratio of 41.77.

FirstService (TSE:FSVGet Rating) (NASDAQ:FSV) last released its earnings results on Wednesday, July 27th. The company reported C$1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.96 by C$0.04. The business had revenue of C$1.19 billion for the quarter, compared to analysts’ expectations of C$1.18 billion. Analysts anticipate that FirstService Co. will post 6.5199998 earnings per share for the current fiscal year.

FirstService Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 7th. Stockholders of record on Friday, September 30th will be issued a dividend of $0.266 per share. This represents a $1.06 annualized dividend and a dividend yield of 0.68%. This is a positive change from FirstService’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Thursday, September 29th. FirstService’s dividend payout ratio (DPR) is presently 28.07%.

Insider Activity

In related news, Senior Officer Douglas G. Cooke sold 2,900 shares of the firm’s stock in a transaction that occurred on Thursday, August 25th. The shares were sold at an average price of C$172.50, for a total transaction of C$500,250.00. Following the completion of the sale, the insider now owns 203,324 shares of the company’s stock, valued at C$35,073,390. In related news, Senior Officer Jeremy Alan Rakusin sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 10th. The shares were sold at an average price of C$171.00, for a total transaction of C$342,000.00. Following the completion of the sale, the insider now owns 196,600 shares of the company’s stock, valued at C$33,618,600. Also, Senior Officer Douglas G. Cooke sold 2,900 shares of the firm’s stock in a transaction that occurred on Thursday, August 25th. The shares were sold at an average price of C$172.50, for a total transaction of C$500,250.00. Following the sale, the insider now directly owns 203,324 shares of the company’s stock, valued at approximately C$35,073,390.

FirstService Company Profile

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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. The company operates in two segments, FirstService Residential and FirstService Brands. The FirstService Residential segment offers property management 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.

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