FirstService Co. (TSE:FSV) to Issue $0.30 Quarterly Dividend

FirstService Co. (TSE:FSV) (NASDAQ:FSV) declared a quarterly dividend on Tuesday, September 12th, Zacks reports. Stockholders of record on Friday, September 29th will be given a dividend of 0.304 per share on Friday, October 6th. This represents a $1.22 annualized dividend and a dividend yield of 0.59%. The ex-dividend date of this dividend is Thursday, September 28th.

FirstService Trading Up 0.2 %

FirstService stock opened at C$206.88 on Thursday. FirstService has a 52 week low of C$152.30 and a 52 week high of C$212.04. The company has a debt-to-equity ratio of 84.30, a quick ratio of 1.25 and a current ratio of 1.79. The firm has a market capitalization of C$9.23 billion, a price-to-earnings ratio of 50.71, a P/E/G ratio of 107.75 and a beta of 1.00. The company has a 50 day moving average price of C$205.02 and a 200 day moving average price of C$197.26.

FirstService (TSE:FSV) (NASDAQ:FSV) last issued its earnings results on Thursday, July 27th. The company reported C$1.83 EPS for the quarter, topping the consensus estimate of C$1.69 by C$0.14. FirstService had a return on equity of 14.19% and a net margin of 3.25%. The business had revenue of C$1.50 billion during the quarter, compared to analysts’ expectations of C$1.48 billion. Research analysts forecast that FirstService will post 7.480811 EPS for the current year.

Analysts Set New Price Targets

Separately, Royal Bank of Canada upped their target price on FirstService from C$165.00 to C$173.00 and gave the company an “outperform” rating in a report on Friday, July 28th.

Insider Buying and Selling at FirstService

In related news, Senior Officer Jeremy Alan Rakusin sold 2,000 shares of the stock in a transaction on Friday, August 11th. The stock was sold at an average price of C$154.50, for a total transaction of C$309,000.00. In other FirstService news, Director Joan Eloise Sproul sold 500 shares of the business’s stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of C$205.12, for a total value of C$102,560.00. Also, Senior Officer Jeremy Alan Rakusin sold 2,000 shares of the firm’s stock in a transaction on Friday, August 11th. The shares were sold at an average price of C$154.50, for a total transaction of C$309,000.00. Company insiders own 11.29% 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. 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.