FirstService Corporation (FSV) Receiving Somewhat Positive News Coverage, Accern Reports
Media headlines about FirstService Corporation (NASDAQ:FSV) (TSE:FSV) have been trending somewhat positive recently, Accern reports. The research group scores the sentiment of press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. FirstService Corporation earned a news impact score of 0.08 on Accern’s scale. Accern also gave headlines about the financial services provider an impact score of 44.9793805498853 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
A number of equities research analysts have recently issued reports on FSV shares. BidaskClub lowered FirstService Corporation from a “buy” rating to a “hold” rating in a research report on Saturday, June 10th. Zacks Investment Research lowered FirstService Corporation from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 27th. Raymond James Financial, Inc. upped their price target on FirstService Corporation from $63.00 to $65.00 and gave the company a “market perform” rating in a research report on Thursday, July 27th. Royal Bank Of Canada upped their price target on FirstService Corporation from $65.00 to $71.00 and gave the company an “outperform” rating in a research report on Thursday, July 27th. Finally, TheStreet upgraded FirstService Corporation from a “c” rating to a “b-” rating in a research report on Wednesday, July 26th. Three investment analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $67.00.
Shares of FirstService Corporation (NASDAQ FSV) opened at 69.69 on Tuesday. The stock has a 50 day moving average price of $64.83 and a 200-day moving average price of $61.74. FirstService Corporation has a 52-week low of $39.05 and a 52-week high of $70.60. The stock has a market capitalization of $2.50 billion, a price-to-earnings ratio of 55.75 and a beta of 0.90.
FirstService Corporation (NASDAQ:FSV) (TSE:FSV) last issued its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $0.50 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.11. FirstService Corporation had a net margin of 2.84% and a return on equity of 24.64%. The business had revenue of $434.90 million during the quarter, compared to analysts’ expectations of $421.35 million. During the same period last year, the company posted $0.52 EPS. The company’s revenue was up 12.9% on a year-over-year basis. On average, equities research analysts predict that FirstService Corporation will post $1.96 EPS for the current fiscal year.
FirstService Corporation declared that its Board of Directors has authorized a share buyback program on Thursday, August 17th that allows the company to buyback 3,100,000 shares. This buyback authorization allows the financial services provider to purchase shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s board of directors believes its stock is undervalued.
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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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