Brokerages expect Comfort Systems USA, Inc. (NYSE:FIX) to report $445.10 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Comfort Systems USA’s earnings. The highest sales estimate is $455.20 million and the lowest is $435.00 million. Comfort Systems USA posted sales of $380.59 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 16.9%. The company is scheduled to announce its next quarterly earnings results on Wednesday, April 25th.
According to Zacks, analysts expect that Comfort Systems USA will report full-year sales of $445.10 million for the current fiscal year. For the next fiscal year, analysts forecast that the company will post sales of $2.11 billion per share, with estimates ranging from $2.07 billion to $2.15 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that cover Comfort Systems USA.
Comfort Systems USA (NYSE:FIX) last released its quarterly earnings data on Thursday, February 22nd. The construction company reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.06). Comfort Systems USA had a return on equity of 16.10% and a net margin of 3.09%. The company had revenue of $461.10 million for the quarter, compared to analyst estimates of $445.85 million. During the same period in the previous year, the business posted $0.45 EPS. The firm’s revenue for the quarter was up 17.6% compared to the same quarter last year.
In other Comfort Systems USA news, Chairman Franklin Myers bought 2,500 shares of the business’s stock in a transaction dated Wednesday, March 7th. The shares were acquired at an average cost of $41.85 per share, with a total value of $104,625.00. Following the acquisition, the chairman now directly owns 215,000 shares of the company’s stock, valued at approximately $8,997,750. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Brian E. Lane sold 19,124 shares of Comfort Systems USA stock in a transaction on Friday, March 2nd. The shares were sold at an average price of $40.26, for a total transaction of $769,932.24. The disclosure for this sale can be found here. Insiders own 3.48% of the company’s stock.
A number of large investors have recently bought and sold shares of the stock. MetLife Investment Advisors LLC purchased a new position in Comfort Systems USA in the 4th quarter valued at $777,000. Millennium Management LLC grew its position in Comfort Systems USA by 386.8% in the 4th quarter. Millennium Management LLC now owns 341,556 shares of the construction company’s stock valued at $14,909,000 after buying an additional 271,395 shares during the last quarter. Cornerstone Capital Management Holdings LLC. purchased a new position in Comfort Systems USA in the 4th quarter valued at $266,000. Teachers Advisors LLC grew its position in Comfort Systems USA by 3.0% in the 4th quarter. Teachers Advisors LLC now owns 588,157 shares of the construction company’s stock valued at $25,673,000 after buying an additional 17,275 shares during the last quarter. Finally, HBK Investments L P grew its position in Comfort Systems USA by 15.5% in the 4th quarter. HBK Investments L P now owns 11,092 shares of the construction company’s stock valued at $484,000 after buying an additional 1,492 shares during the last quarter. Hedge funds and other institutional investors own 94.91% of the company’s stock.
Shares of FIX stock opened at $39.85 on Friday. The company has a current ratio of 1.31, a quick ratio of 1.28 and a debt-to-equity ratio of 0.14. Comfort Systems USA has a 1-year low of $31.90 and a 1-year high of $44.80. The firm has a market cap of $1,516.74, a P/E ratio of 23.72, a price-to-earnings-growth ratio of 1.71 and a beta of 1.19.
The firm also recently announced a quarterly dividend, which was paid on Friday, March 23rd. Stockholders of record on Monday, March 12th were issued a $0.075 dividend. The ex-dividend date of this dividend was Friday, March 9th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.75%. Comfort Systems USA’s payout ratio is 20.41%.
Comfort Systems USA Company Profile
Comfort Systems USA, Inc is a provider of mechanical contracting services, which principally includes heating, ventilation and air conditioning (HVAC), plumbing, piping and controls, as well as off-site construction, electrical, monitoring and fire protection. As of December 31, 2016, the Company installed, maintained, repaired and replaced products and systems throughout its 35 operating units in 84 cities and 91 locations throughout the United States.
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