News stories about FirstService Corporation (NASDAQ:FSV) (TSE:FSV) have been trending somewhat positive this week, according to Accern. The research firm scores the sentiment of press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. FirstService Corporation earned a coverage optimism score of 0.06 on Accern’s scale. Accern also gave news stories about the financial services provider an impact score of 44.8945090889915 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s rankings:
- FirstService Corporation (FSV) Rating Lowered to Buy at BidaskClub (americanbankingnews.com)
- FirstService Corp. breached its 50 day moving average in a Bullish Manner : FSV-US : September 15, 2017 (finance.yahoo.com)
- FirstService Corporation (FSV) Stock Rating Lowered by William Blair (americanbankingnews.com)
- FirstService Corporation (FSV) Plans Quarterly Dividend of $0.12 (americanbankingnews.com)
FirstService Corporation (FSV) opened at 65.42 on Friday. The company has a market capitalization of $2.35 billion, a P/E ratio of 52.34 and a beta of 0.90. FirstService Corporation has a 52-week low of $39.05 and a 52-week high of $70.83. The stock’s 50 day moving average price is $67.07 and its 200-day moving average price is $62.67.
FirstService Corporation (NASDAQ:FSV) (TSE:FSV) last issued its quarterly earnings results on Wednesday, July 26th. The financial services provider reported $0.50 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.11. FirstService Corporation had a return on equity of 24.64% and a net margin of 2.84%. The firm had revenue of $434.90 million during the quarter, compared to analysts’ expectations of $421.35 million. During the same period in the previous year, the business earned $0.52 earnings per share. The firm’s revenue for the quarter was up 12.9% on a year-over-year basis. Analysts predict that FirstService Corporation will post $1.96 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, October 6th. Shareholders of record on Friday, September 29th will be issued a $0.1225 dividend. This represents a $0.49 annualized dividend and a yield of 0.75%. The ex-dividend date is Thursday, September 28th. FirstService Corporation’s payout ratio is currently 39.20%.
FirstService Corporation announced that its Board of Directors has initiated a stock buyback plan on Thursday, August 17th that authorizes the company to repurchase 3,100,000 shares. This repurchase authorization authorizes the financial services provider to repurchase shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s leadership believes its shares are undervalued.
FSV has been the subject of a number of research analyst reports. TheStreet raised shares of FirstService Corporation from a “c” rating to a “b-” rating in a report on Wednesday, July 26th. BidaskClub raised shares of FirstService Corporation from a “hold” rating to a “buy” rating in a report on Saturday, August 26th. Zacks Investment Research lowered shares of FirstService Corporation from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 27th. William Blair lowered shares of FirstService Corporation from an “outperform” rating to a “market perform” rating in a report on Wednesday. Finally, Raymond James Financial, Inc. increased their price objective on shares of FirstService Corporation from $63.00 to $65.00 and gave the company a “market perform” rating in a report on Thursday, July 27th. Four equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. FirstService Corporation currently has a consensus rating of “Buy” and a consensus price target of $67.00.
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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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