FirstService FY2024 EPS Estimate Increased by Scotiabank

FirstService Co. (TSE:FSV) (NASDAQ:FSV) – Investment analysts at Scotiabank lifted their FY2024 earnings per share (EPS) estimates for shares of FirstService in a research report issued to clients and investors on Wednesday, January 8th. Scotiabank analyst H. Gupta now expects that the company will post earnings per share of $6.68 for the year, up from their previous estimate of $5.92. The consensus estimate for FirstService’s current full-year earnings is $7.52 per share. Scotiabank also issued estimates for FirstService’s FY2025 earnings at $7.74 EPS.

Separately, TD Securities lifted their price target on shares of FirstService from C$182.00 to C$194.00 and gave the company a “hold” rating in a report on Monday, October 28th.

FirstService Stock Performance

TSE:FSV opened at C$256.88 on Friday. The company has a quick ratio of 1.25, a current ratio of 1.74 and a debt-to-equity ratio of 105.28. The firm has a market capitalization of C$11.56 billion, a PE ratio of 105.71, a price-to-earnings-growth ratio of 107.75 and a beta of 0.96. FirstService has a twelve month low of C$193.77 and a twelve month high of C$278.19. The stock’s 50-day simple moving average is C$264.55 and its 200 day simple moving average is C$244.30.

Insider Buying and Selling

In related news, Senior Officer Douglas G. Cooke sold 5,000 shares of the business’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of C$262.70, for a total value of C$1,313,500.00. Also, Director Joan Eloise Sproul sold 200 shares of the firm’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of C$268.69, for a total value of C$53,738.00. Insiders have sold 14,225 shares of company stock worth $3,777,120 in the last 90 days. 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.