FirstService
About: FirstService Corp operates in two business divisions: FirstService Residential and FirstService Brands. FirstService Residential has service contracts to manage thousands of residential communities, including high-, medium-, and low-rise condominiums and co-operatives. FirstService Brands generates the majority of the company's revenue and provides property services to residential and commercial customers through the following brands: California Closets; Paul Davis Restoration; CertPro Painters; Pillar to Post; Floor Coverings International; College Pro Painters; and Service America. The company earns the majority of its revenue in the United States, with the remaining revenue generated in Canada.
Employees: 30,000
0
Funds holding %
of 7,372 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
156% more first-time investments, than exits
New positions opened: 41 | Existing positions closed: 16
7% more funds holding
Funds holding: 283 [Q3] → 304 (+21) [Q4]
9% more repeat investments, than reductions
Existing positions increased: 110 | Existing positions reduced: 101
2% more capital invested
Capital invested by funds: $5.57B [Q3] → $5.68B (+$114M) [Q4]
0.75% more ownership
Funds ownership: 68.62% [Q3] → 69.37% (+0.75%) [Q4]
17% less funds holding in top 10
Funds holding in top 10: 6 [Q3] → 5 (-1) [Q4]
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$225
41%
upside
Avg. target
$225
41%
upside
High target
$225
41%
upside
1 analyst rating
1 positive
100%
0 neutral
0%
0 negative
0%
Raymond James Frederic Bastien 20% 1-year accuracy 1 / 5 met price target | 41%upside $225 | Outperform Maintained | 22 Jan 2025 |
Financial journalist opinion
Neutral
GlobeNewsWire
1 day ago
FirstService Corporation Announces Upcoming Meeting and Financial Reporting Dates
Annual Meeting of Shareholders on April 2, 2025 Release of First Quarter 2025 Results on April 24, 2025 TORONTO, March 12, 2025 (GLOBE NEWSWIRE) -- FirstService Corporation (TSX and NASDAQ: FSV) (“FirstService”) announced today that it will hold its Annual Meeting of Shareholders on Wednesday, April 2, 2025 at 11:00 a.m. ET. The meeting will be webcast live and can be either accessed via FirstService's website at www.firstservice.com in the “Investors” section under the “Newsroom” tab prior to the meeting or by accessing the LUMI AGM platform directly at meetings.lumiconnect.com/400-964-924-218.
Neutral
GlobeNewsWire
2 weeks ago
FirstService Increases Credit Facility to US$1.75 Billion
TORONTO, Feb. 26, 2025 (GLOBE NEWSWIRE) -- FirstService Corporation (TSX: FSV; NASDAQ: FSV) (“FirstService”) announced today that it has expanded and extended its unsecured revolving credit facility (the “Credit Facility”) for a new five-year term maturing in February 2030, replacing the prior facility which was set to expire in February 2027. Under the amended Credit Facility, borrowing capacity has been increased to US$1.75 billion up from the previous US$1.25 billion and, at any time during the term, FirstService also has the right to increase the Credit Facility by up to an additional US$250 million on the same terms and conditions as the original Credit Facility. The Credit Facility will continue to be utilized for working capital and general corporate purposes and to fund future tuck-under acquisitions.
Positive
Zacks Investment Research
1 month ago
4 Solid Stocks to Buy That Recently Declared Dividend Hikes
HAFC, HWC, CMS and FSV recently announced dividend hikes.
Neutral
Seeking Alpha
1 month ago
Colliers International Group Inc. (CIGI) Q4 2024 Earnings Call Transcript
Colliers International Group Inc. (NASDAQ:CIGI ) Q4 2024 Earnings Conference Call February 6, 2025 11:00 AM ET Company Participants Jay Hennick - Global Chairman & CEO Christian Mayer - Chief Financial Officer Conference Call Participants Anthony Paolone - JPMorgan Stephen MacLeod - BMO Capital Markets Stephen Sheldon - William Blair Frederic Bastien - Raymond James Daryl Young - Stifel Julien Blouin - Goldman Sachs Jimmy Shan - RBC Capital Markets Himanshu Gupta - Scotiabank Operator Welcome to the Colliers International Fourth Quarter Year-end Investors Conference Call. Today's call is being recorded.
Neutral
Seeking Alpha
1 month ago
FirstService Corporation (FSV) Q4 2024 Earnings Call Transcript
FirstService Corporation (NASDAQ:FSV ) Q4 2024 Earnings Conference Call February 5, 2025 11:00 AM ET Company Participants Scott Patterson - Chief Executive Officer Jeremy Rakusin - Chief Financial Officer Conference Call Participants Stephen MacLeod - BMO Capital Markets Stephen Sheldon - William Blair & Company Scott Fletcher - CIBC Capital Markets Daryl Young - Stifel Financial Corp. Tim James - TD Securities Himanshu Gupta - Scotiabank Operator Welcome to the Fourth Quarter Investors Conference Call. Today's call is being recorded.
Negative
Zacks Investment Research
1 month ago
FirstService (FSV) Misses Q4 Earnings Estimates
FirstService (FSV) came out with quarterly earnings of $1.34 per share, missing the Zacks Consensus Estimate of $1.36 per share. This compares to earnings of $1.11 per share a year ago.
Neutral
GlobeNewsWire
1 month ago
FirstService Reports Fourth Quarter and Full Year Results
Operating highlights: Three months ended Year ended December 31 December 31 2024 2023 2024 2023 Revenues (millions) $ 1,365.3 $ 1,079.3 $ 5,216.9 $ 4,334.5 Adjusted EBITDA (millions) (note 1) 137.9 103.3 513.7 415.7 Adjusted EPS (note 2) 1.34 1.11 5.00 4.66 GAAP Operating Earnings 89.6 48.1 337.5 244.9 GAAP EPS 0.71 0.14 2.97 2.24 TORONTO, Feb. 05, 2025 (GLOBE NEWSWIRE) -- FirstService Corporation (TSX: FSV; NASDAQ: FSV) today announced strong fourth quarter and full year results for the year ended December 31, 2024. All amounts are in US dollars.
Neutral
GlobeNewsWire
1 month ago
FirstService Declares 10% Increase to Quarterly Cash Dividend
TORONTO, Feb. 04, 2025 (GLOBE NEWSWIRE) -- FirstService Corporation (TSX: FSV; NASDAQ: FSV) ("FirstService") announced today that its Board of Directors has approved a 10% increase in the quarterly cash dividend on the outstanding Common Shares of the Company and declared a quarterly dividend of US$0.275 per Common Share, up from the previous US$0.25 per Common Share. The dividend is payable on April 7, 2025 to holders of Common Shares of record at the close of business on March 31, 2025.
Neutral
Zacks Investment Research
1 month ago
3 Real Estate Stocks to Buy as Mortgage Rates Start to Cool Down
FSV, JLL and BIP are three real estate stocks to look into as mortgage rates decline.
Neutral
Zacks Investment Research
1 month ago
FirstService (FSV) Earnings Expected to Grow: Should You Buy?
FirstService (FSV) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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