What is Erste Group Bank’s Forecast for FIX FY2027 Earnings?

Comfort Systems USA, Inc. (NYSE:FIX) – Equities research analysts at Erste Group Bank boosted their FY2027 earnings per share (EPS) estimates for shares of Comfort Systems USA in a research report issued on Monday, July 27th. Erste Group Bank analyst H. Engel now forecasts that the construction company will post earnings per share of $58.31 for the year, up from their prior estimate of $56.00. Erste Group Bank has a “Hold” rating on the stock. The consensus estimate for Comfort Systems USA’s current full-year earnings is $43.39 per share.

Comfort Systems USA (NYSE:FIX) last released its earnings results on Thursday, July 23rd. The construction company reported $12.53 EPS for the quarter, beating the consensus estimate of $10.45 by $2.08. Comfort Systems USA had a return on equity of 53.55% and a net margin of 12.77%.The firm had revenue of $3.27 billion for the quarter, compared to analysts’ expectations of $2.99 billion. During the same quarter in the previous year, the business posted $6.53 EPS. The business’s quarterly revenue was up 50.3% compared to the same quarter last year.

FIX has been the topic of a number of other research reports. Weiss Ratings reissued a “buy (b)” rating on shares of Comfort Systems USA in a research report on Friday, July 17th. Glj Research began coverage on shares of Comfort Systems USA in a research note on Monday, April 20th. They issued a “buy” rating and a $2,001.00 price target on the stock. Zacks Research cut shares of Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 26th. Oppenheimer started coverage on Comfort Systems USA in a research note on Thursday, May 28th. They issued an “outperform” rating and a $2,200.00 price target for the company. Finally, Stifel Nicolaus set a $1,910.00 price target on Comfort Systems USA in a research report on Monday. Nine research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Comfort Systems USA presently has an average rating of “Moderate Buy” and a consensus target price of $2,057.86.

Comfort Systems USA Price Performance

Shares of FIX opened at $1,622.23 on Wednesday. The company has a quick ratio of 1.19, a current ratio of 1.21 and a debt-to-equity ratio of 0.02. Comfort Systems USA has a twelve month low of $655.96 and a twelve month high of $2,073.99. The stock has a market capitalization of $57.09 billion, a P/E ratio of 39.90 and a beta of 1.66. The company has a 50 day moving average of $1,829.20 and a 200-day moving average of $1,581.48.

Hedge Funds Weigh In On Comfort Systems USA

Several institutional investors and hedge funds have recently made changes to their positions in the company. Handelsbanken Fonder AB lifted its holdings in Comfort Systems USA by 6.8% during the 2nd quarter. Handelsbanken Fonder AB now owns 21,390 shares of the construction company’s stock worth $42,394,000 after purchasing an additional 1,357 shares during the last quarter. Carolina Wealth Advisors LLC increased its position in Comfort Systems USA by 63.6% during the 2nd quarter. Carolina Wealth Advisors LLC now owns 18 shares of the construction company’s stock worth $36,000 after buying an additional 7 shares during the period. Fulton Bank N.A. lifted its holdings in shares of Comfort Systems USA by 3.0% during the second quarter. Fulton Bank N.A. now owns 621 shares of the construction company’s stock worth $1,231,000 after buying an additional 18 shares in the last quarter. Revolve Wealth Partners LLC bought a new stake in shares of Comfort Systems USA in the second quarter valued at about $200,000. Finally, Tactive Advisors LLC acquired a new position in shares of Comfort Systems USA in the second quarter valued at about $575,000. Institutional investors and hedge funds own 96.51% of the company’s stock.

Insider Activity at Comfort Systems USA

In related news, CAO Julie Shaeff sold 1,123 shares of Comfort Systems USA stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $2,000.37, for a total transaction of $2,246,415.51. Following the completion of the sale, the chief accounting officer owned 12,624 shares of the company’s stock, valued at approximately $25,252,670.88. The trade was a 8.17% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Rhoman J. Hardy sold 342 shares of Comfort Systems USA stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $1,900.08, for a total transaction of $649,827.36. Following the sale, the director directly owned 1,890 shares of the company’s stock, valued at $3,591,151.20. The trade was a 15.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 29,278 shares of company stock worth $57,147,119 in the last quarter. 1.24% of the stock is owned by corporate insiders.

Comfort Systems USA Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 24th. Stockholders of record on Thursday, August 13th will be given a $0.90 dividend. The ex-dividend date of this dividend is Thursday, August 13th. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.80. This represents a $3.60 annualized dividend and a dividend yield of 0.2%. Comfort Systems USA’s payout ratio is currently 8.85%.

About Comfort Systems USA

Comfort Systems USA, Inc is a U.S.-based mechanical contracting company that provides a range of heating, ventilation and air conditioning (HVAC) services to commercial, industrial and institutional customers. The company focuses on the design, installation, maintenance and repair of HVAC systems, and it supports projects from initial engineering and system selection through long-term service agreements and upgrades.

Its service offerings include new construction and retrofit installations, preventive and corrective maintenance, emergency repair, energy management and building automation systems.