News articles about FirstService Corporation (NASDAQ:FSV) (TSE:FSV) have trended somewhat positive this week, Accern Sentiment reports. The research group scores the sentiment of news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. FirstService Corporation earned a media sentiment score of 0.06 on Accern’s scale. Accern also gave headlines about the financial services provider an impact score of 45.0001073533813 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
A number of research firms recently commented on FSV. BidaskClub raised shares of FirstService Corporation from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, September 6th. William Blair cut shares of FirstService Corporation from an “outperform” rating to a “market perform” rating in a research note on Wednesday, September 13th. TheStreet raised shares of FirstService Corporation from a “c” rating to a “b-” rating in a research note on Wednesday, July 26th. Raymond James Financial, Inc. lifted their price target on shares of FirstService Corporation from $63.00 to $65.00 and gave the stock a “market perform” rating in a research note on Thursday, July 27th. Finally, Royal Bank Of Canada lifted their price target on shares of FirstService Corporation from $65.00 to $71.00 and gave the stock an “outperform” rating in a research note on Thursday, July 27th. Five investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $67.00.
Shares of FirstService Corporation (NASDAQ:FSV) opened at 65.65 on Friday. FirstService Corporation has a 12-month low of $39.05 and a 12-month high of $70.83. The company has a market cap of $2.36 billion, a price-to-earnings ratio of 52.52 and a beta of 0.90. The stock has a 50 day moving average of $66.37 and a 200 day moving average of $66.37.
FirstService Corporation (NASDAQ:FSV) (TSE:FSV) last announced its earnings results on Wednesday, July 26th. The financial services provider reported $0.50 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.11. The company had revenue of $434.90 million during the quarter, compared to analyst estimates of $421.35 million. FirstService Corporation had a net margin of 2.84% and a return on equity of 24.64%. FirstService Corporation’s revenue was up 12.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.52 earnings per share. Analysts forecast that FirstService Corporation will post $1.96 earnings per share for the current year.
FirstService Corporation declared that its board has approved a stock buyback plan on Thursday, August 17th that allows the company to repurchase 3,100,000 shares. This repurchase authorization allows the financial services provider to buy shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its stock is undervalued.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 6th. Stockholders of record on Friday, September 29th will be paid a $0.1225 dividend. This represents a $0.49 annualized dividend and a dividend yield of 0.75%. The ex-dividend date is Thursday, September 28th. FirstService Corporation’s payout ratio is 39.20%.
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About FirstService Corporation
Firstservice Corporation is a provider of residential property management and other essential property services to residential and commercial customers. The Company operates through two segments: FirstService Residential and FirstService Brands. FirstService Residential is a property manager and provides ancillary services in the areas of on-site staffing, including building engineering and maintenance, full-service amenity management, security, concierge and front desk personnel, and landscaping; banking and insurance products, and energy conservation and management solutions.
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