Somewhat Positive Press Coverage Somewhat Unlikely to Impact FirstService (FSV) Share Price
Media stories about FirstService (NASDAQ:FSV) (TSE:FSV) have been trending somewhat positive on Wednesday, Accern Sentiment reports. The research group identifies negative and positive press coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. FirstService earned a news impact score of 0.17 on Accern’s scale. Accern also assigned headlines about the financial services provider an impact score of 46.7526844215205 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
FirstService (NASDAQ:FSV) traded up $0.25 during trading on Wednesday, hitting $70.10. The company had a trading volume of 32,270 shares, compared to its average volume of 41,901. The stock has a market cap of $2,546.78, a P/E ratio of 45.35 and a beta of 0.52. FirstService has a 52 week low of $56.04 and a 52 week high of $74.49. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.23 and a quick ratio of 1.23.
FirstService (NASDAQ:FSV) (TSE:FSV) last released its quarterly earnings data on Wednesday, February 7th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.03. The business had revenue of $438.10 million for the quarter, compared to analysts’ expectations of $416.13 million. FirstService had a return on equity of 29.64% and a net margin of 3.11%. The firm’s quarterly revenue was up 15.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.41 EPS. research analysts predict that FirstService will post 2.65 earnings per share for the current fiscal year.
A number of brokerages recently issued reports on FSV. BidaskClub downgraded FirstService from a “hold” rating to a “sell” rating in a report on Tuesday. Zacks Investment Research upgraded FirstService from a “strong sell” rating to a “buy” rating and set a $77.00 price target on the stock in a report on Tuesday, February 13th. William Blair reiterated a “market perform” rating on shares of FirstService in a report on Thursday, February 1st. Finally, Royal Bank of Canada upped their target price on FirstService from $75.00 to $78.00 and gave the stock a “sector perform” rating in a report on Thursday, February 8th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $69.20.
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FirstService Company Profile
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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