Scotiabank Has Negative View of FirstService FY2025 Earnings

FirstService Corporation (NASDAQ:FSV) (TSE:FSV) – Analysts at Scotiabank cut their FY2025 earnings per share estimates for shares of FirstService in a note issued to investors on Friday, January 23rd. Scotiabank analyst H. Gupta now anticipates that the financial services provider will post earnings per share of $5.30 for the year, down from their prior estimate of $5.34. Scotiabank currently has a “Sector Outperform” rating and a $205.00 price objective on the stock. The consensus estimate for FirstService’s current full-year earnings is $5.27 per share. Scotiabank also issued estimates for FirstService’s FY2026 earnings at $5.70 EPS.

Several other research firms have also commented on FSV. Stifel Nicolaus lowered their price objective on FirstService from $230.00 to $215.00 and set a “buy” rating on the stock in a research report on Monday, October 27th. Wall Street Zen cut shares of FirstService from a “buy” rating to a “hold” rating in a research note on Saturday, October 25th. Weiss Ratings restated a “hold (c+)” rating on shares of FirstService in a research report on Monday, December 22nd. CIBC cut their price objective on shares of FirstService from $225.00 to $216.00 and set an “outperform” rating for the company in a report on Friday, October 24th. Finally, TD Securities decreased their price objective on shares of FirstService from $213.00 to $211.00 and set a “buy” rating for the company in a research report on Wednesday, November 5th. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $211.83.

FirstService Stock Up 0.7%

Shares of FSV stock opened at $161.19 on Monday. The stock has a 50 day moving average of $155.74 and a 200 day moving average of $175.49. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.90. The stock has a market cap of $7.37 billion, a P/E ratio of 53.37, a P/E/G ratio of 2.77 and a beta of 1.06. FirstService has a twelve month low of $147.23 and a twelve month high of $209.66.

FirstService Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 7th. Shareholders of record on Wednesday, December 31st were issued a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Wednesday, December 31st. FirstService’s dividend payout ratio (DPR) is presently 36.42%.

Institutional Trading of FirstService

Institutional investors and hedge funds have recently modified their holdings of the stock. Goldman Sachs Group Inc. lifted its stake in FirstService by 79.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 318,648 shares of the financial services provider’s stock valued at $52,880,000 after buying an additional 141,152 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in FirstService by 40.3% during the 1st 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 worth $9,856,000 after buying an additional 17,072 shares in the last quarter. Strs Ohio acquired a new position in shares of FirstService during the first quarter valued at approximately $38,000. Signaturefd LLC raised its holdings in shares of FirstService by 14.0% during the second quarter. Signaturefd LLC now owns 1,379 shares of the financial services provider’s stock valued at $241,000 after acquiring an additional 169 shares during the last quarter. Finally, Tritonpoint Wealth LLC lifted its position in shares of FirstService by 10.7% in the second quarter. Tritonpoint Wealth LLC now owns 2,531 shares of the financial services provider’s stock valued at $443,000 after acquiring an additional 244 shares in the last quarter. Hedge funds and other institutional investors own 69.35% of the company’s stock.

About FirstService

FirstService Corporation, founded in 1989 and headquartered in Toronto, Ontario, is a leading provider of property services in North America. The company operates through two principal segments—FirstService Residential and FirstService Brands—offering a broad range of services to residential, commercial and homeowner association clients.

FirstService Residential delivers community management, financial oversight and consulting services to thousands of residential communities across the United States and Canada.