FSV

Director Elections: At its annual meeting, FirstService Corporation announced the election of eight director nominees, with high approval rates for most, and the appointment of PricewaterhouseCoopers LLP as auditor.

Company Overview: FirstService Corporation is a leading North American property services provider, generating over $5.2 billion in annual revenue and employing around 30,000 staff across its residential and branded service platforms.

Annual Meeting Announcement: FirstService Corporation will hold its Annual Meeting of Shareholders on April 2, 2025, at 11:00 a.m. ET, which can be accessed via their website or the LUMI AGM platform.

First Quarter Results Release: The company will announce its first quarter financial results on April 24, 2025, with a conference call scheduled for the same day at 11:00 a.m. ET, hosted by the CEO and CFO.

FirstService Corp Trading Update: Shares of FirstService Corp (FSV) have entered oversold territory with an RSI reading of 27.3, indicating potential exhaustion of recent selling pressure and possible buying opportunities for investors.

52-Week Performance Overview: FSV's stock has a 52-week low of $141.26 and a high of $197.84, with the latest trade recorded at $165.98.

Credit Facility Expansion: FirstService Corporation has expanded its unsecured revolving credit facility to US$1.75 billion, extending the term to February 2030 and allowing for an additional US$250 million increase if needed.

Company Overview: FirstService is a leading North American property services provider with over US$5.2 billion in annual revenues and approximately 30,000 employees, focusing on residential community management and essential property services.

Credit Facility Expansion: FirstService has expanded its unsecured revolving credit facility to $1.75 billion with a new five-year term maturing in February 2030, replacing the previous facility set to expire in February 2027.

Utilization of Funds: The increased credit facility will be used for working capital, general corporate purposes, and funding future acquisitions.

Dividend Increase Announcement: FirstService Corporation has approved a 10% increase in its quarterly cash dividend, raising it from US$0.25 to US$0.275 per Common Share, marking the tenth consecutive year of at least 10% annual dividend growth.

Company Overview: FirstService is a leading North American property services provider with over US$4.9 billion in annual revenues and approximately 30,000 employees, operating through two main platforms: FirstService Residential and FirstService Brands.

Dividend Increase Announcement: FirstService's Board of Directors has approved a 10% increase in the quarterly cash dividend, raising it from 25c to 27.5c per Common Share, payable on April 7, 2025.

Investment Insights Tool: TipRanks offers a Smart Score tool for investors to analyze stock performance and compare their picks with recommendations from top Wall Street analysts.

Financial Results Announcement: FirstService Corporation will release its fourth-quarter financial results for 2024 on February 5, 2025, at 7:30 am ET, followed by a conference call at 11:00 am ET hosted by the CEO and CFO.

Company Overview: FirstService Corporation is a leading North American property services provider with over $4.9 billion in annual revenues and approximately 30,000 employees, operating through two main platforms: FirstService Residential and FirstService Brands.

Acquisition Announcement: The Amenity Collective has acquired Advantage Sport & Fitness Inc., enhancing its fitness and recreation division, and creating North America's largest distributor of fitness equipment in partnership with LIVunLtd.

Company Backgrounds: Advantage Sport & Fitness, established in 1987, is known for distributing Precor Fitness Equipment and has expanded its operations significantly, while The Amenity Collective is a leading provider of facilities management services across various industries.

Dividend Announcement: FirstService Corporation has declared a quarterly cash dividend of US$0.25 per Common Share, payable on January 7, 2025, to shareholders recorded by December 31, 2024.

Company Overview: FirstService Corporation is a leading North American property services provider with over $4.9 billion in annual revenues and approximately 30,000 employees, operating through its platforms FirstService Residential and FirstService Brands.

Dividend Announcement: FirstService Corporation has declared a quarterly cash dividend of $0.25 per common share, set to be paid on January 7, 2025, reflecting its strong financial performance with over $4.9 billion in annual revenues.

Stock Trading Information: The company’s shares are traded on both NASDAQ and the Toronto Stock Exchange, indicating its broad market presence and commitment to creating shareholder value.

Earnings Performance: FirstService reported a Q3 Non-GAAP EPS of $1.63, exceeding expectations by $0.21, with revenue reaching $1.4 billion, a 25% increase year-over-year, surpassing estimates by $90 million.

Market Reaction: Following the earnings announcement, FirstService shares saw a slight increase of 0.07% in after-hours trading.

Expansion of Services: First Onsite Property Restoration has expanded its operations in New England by hiring experienced restoration professionals Gary Grout and Jason Green, enhancing their capacity to deliver comprehensive restoration services across the region.

Commitment to Quality: The new leadership team aims to provide exceptional restoration services during major weather events and everyday needs, reinforcing First Onsite's dedication to helping businesses and communities recover effectively.

Analyst Rating Changes: Several Wall Street analysts have adjusted their price targets for various companies, with notable increases for FirstService Corporation, ACI Worldwide, and McDonald's, while Philip Morris and Zimmer Biomet saw reductions in their targets.

Current Stock Performance: The closing prices of the affected stocks on Monday indicate mixed market reactions, with some stocks trading below their new price targets, suggesting varying investor sentiments.

Financial Results Announcement: FirstService Corporation will release its third-quarter financial results on October 24, 2024, at 7:30 am ET, followed by a conference call at 11:00 am ET hosted by CEO D. Scott Patterson and CFO Jeremy Rakusin.

Company Overview: FirstService Corporation is a leading North American property services provider with over $4.6 billion in annual revenues and approximately 30,000 employees, operating through its platforms FirstService Residential and FirstService Brands.

Upcoming Ex-Dividend Dates: On 9/27/24, BRP Inc (DOOO), FirstService Corp (FSV), and Qifu Technology Inc (QFIN) will trade ex-dividend, with respective dividends of $0.21, $0.25, and $0.60 scheduled for payment on 10/11/24, 10/7/24, and 11/1/24.

Market Reactions and Dividend Yields: Following the ex-dividend dates, shares are expected to open lower by approximately 0.35% for BRP Inc, 0.14% for FirstService Corp, and 2.17% for Qifu Technology Inc; estimated annualized yields are projected at 1.39%, 0.55%, and 4.35%, respectively.

Live Burn and Education Seminar: First Onsite is co-hosting a Live Burn and Education Seminar on September 30, 2024, at the Stephenson County Fairgrounds in Freeport, Illinois, focusing on fire safety awareness and training for claims professionals and the general public.

Expert Instruction and Demonstrations: The event will feature fire expert John Knapp and insurance educator Todd Davis, providing lessons on fire behavior, safety, and controlled burns, with assistance from the Freeport Fire Department.

Stock Market Movements: Nuvalent Inc. and Bausch + Lomb Corp. saw significant pre-market gains of 17.2% and 15.8%, respectively, while Exact Sciences, EchoStar, and Zillow also posted modest increases. In contrast, BioMarin Pharmaceutical and FirstService experienced declines of 4.6% and 3.5%.

Market Indicators: S&P 500 futures dipped slightly by 0.03%, while Dow futures rose by 0.22%. Brent crude oil futures increased by 0.42%, gold futures fell by 0.08%, and Bitcoin dropped by 1.97% to $58,712.

Dividend Announcement: FirstService Corporation has declared a quarterly cash dividend of US$0.25 per Common Share, payable on October 7, 2024, to shareholders recorded by September 30, 2024.

Company Overview: FirstService Corporation is a leading North American property services provider with over $4.6 billion in annual revenues and approximately 30,000 employees, operating through its platforms FirstService Residential and FirstService Brands.

Current Stock Valuation: FirstService Corporation's stock has risen 24% recently, trading at CA$241, which is 35% above its intrinsic value of CA$178.39, indicating it may no longer be a good buying opportunity.

Future Growth Potential: Despite being overvalued, FirstService's earnings are expected to double in the coming years, suggesting strong future cash flows and share value growth, but potential investors should consider waiting for a price drop before entering.