FirstService (FSV) to Release Earnings on Thursday

FirstService (NASDAQ:FSV) (TSE:FSV) will likely be issuing its Q2 2025 quarterly earnings data before the market opens on Thursday, July 24th. Analysts expect the company to announce earnings of $1.45 per share and revenue of $1.40 billion for the quarter.

FirstService (NASDAQ:FSV) (TSE:FSV) last posted its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.08. The company had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.28 billion. FirstService had a net margin of 2.46% and a return on equity of 17.49%. FirstService’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.67 earnings per share. On average, analysts expect FirstService to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

FirstService Trading Up 0.2%

NASDAQ:FSV opened at $176.96 on Thursday. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 1.09. The stock has a market capitalization of $8.04 billion, a price-to-earnings ratio of 61.23 and a beta of 0.99. The firm has a fifty day simple moving average of $175.92 and a two-hundred day simple moving average of $174.55. FirstService has a 12 month low of $153.13 and a 12 month high of $197.84.

FirstService Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 8th. Shareholders of record on Monday, June 30th were issued a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date of this dividend was Monday, June 30th. FirstService’s payout ratio is 38.06%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Strs Ohio bought a new position in shares of FirstService during the first quarter valued at about $38,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of FirstService by 40.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 59,389 shares of the financial services provider’s stock valued at $9,856,000 after purchasing an additional 17,072 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in shares of FirstService by 79.5% during the first quarter. Goldman Sachs Group Inc. now owns 318,648 shares of the financial services provider’s stock valued at $52,880,000 after purchasing an additional 141,152 shares in the last quarter. 69.35% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Wall Street Zen cut shares of FirstService from a “buy” rating to a “hold” rating in a report on Thursday, March 27th. TD Securities raised their price objective on shares of FirstService from $198.00 to $200.00 and gave the company a “hold” rating in a research note on Wednesday, May 7th. Finally, Scotiabank dropped their price objective on shares of FirstService from $217.50 to $210.00 and set a “sector perform” rating on the stock in a research note on Thursday, April 17th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $208.40.

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.