Raymond James Downgrades FirstService Corp to Market Perform

Brokerage firm Raymond James Downgrades its rating on FirstService Corp(NASDAQ:FSV). The shares have been rated Market Perform. Previously, the analysts had a Outperform rating on the shares. The rating by Raymond James was issued on Jun 7, 2016.

FirstService Corp has also declared a cash dividend of $0.1100 on May 17, 2016. The shares will quote ex-dividend on Jun 28, 2016 and the record date has been fixed on Jun 30, 2016. The dividend payable date has been fixed on Jul 7, 2016.

FirstService Corp(FSV) last announced its earnings results on Apr 27, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $307.59M. Analysts had an estimated revenue of $297.82M. Earnings per share were $0.08. Analysts had estimated an EPS of $0.09.

FirstService Corporation is a provider of property services. The Company offers property services through two service platforms including FirstService Residential and FirstService Brands. FirstService Residential manages approximately 7000 properties in residential communities. In addition to property management services FirstService Residential provides other services in various areas such as 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. FirstService Brands provides property services through seven brands including Paul Davis Restoration CertaPro Painters California Closets Pillar to Post Home Inspectors Floorcoverings International College Pro Painters and Service America. The Company also provides services related to energy insurance financial products and loan placement.

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