Comfort Systems USA, Inc. (FIX) Expected to Announce Earnings of $0.83 Per Share

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Brokerages forecast that Comfort Systems USA, Inc. (NYSE:FIX) will post earnings of $0.83 per share for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Comfort Systems USA’s earnings, with estimates ranging from $0.80 to $0.86. Comfort Systems USA reported earnings of $0.59 per share during the same quarter last year, which suggests a positive year over year growth rate of 40.7%. The business is expected to report its next quarterly earnings report on Thursday, October 25th.

According to Zacks, analysts expect that Comfort Systems USA will report full year earnings of $2.72 per share for the current fiscal year. For the next fiscal year, analysts forecast that the firm will post earnings of $3.07 per share, with EPS estimates ranging from $2.91 to $3.23. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that follow Comfort Systems USA.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings results on Friday, July 27th. The construction company reported $0.79 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.10. Comfort Systems USA had a return on equity of 19.88% and a net margin of 4.07%. The business had revenue of $535.00 million for the quarter, compared to the consensus estimate of $532.25 million. During the same quarter last year, the business posted $0.48 earnings per share. The company’s revenue for the quarter was up 15.0% on a year-over-year basis.

A number of research firms have weighed in on FIX. DA Davidson set a $55.00 price target on Comfort Systems USA and gave the company a “hold” rating in a research report on Monday, July 30th. Zacks Investment Research upgraded Comfort Systems USA from a “hold” rating to a “buy” rating and set a $54.00 price target on the stock in a research report on Tuesday, July 24th. ValuEngine upgraded Comfort Systems USA from a “hold” rating to a “buy” rating in a research report on Tuesday, May 8th. Finally, Sidoti downgraded Comfort Systems USA from a “buy” rating to a “neutral” rating in a research report on Thursday, June 7th. Four equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. Comfort Systems USA presently has a consensus rating of “Buy” and a consensus price target of $59.00.

Comfort Systems USA traded down $0.41, reaching $55.30, during trading hours on Tuesday, according to MarketBeat. 171,507 shares of the stock traded hands, compared to its average volume of 295,014. Comfort Systems USA has a 1 year low of $31.90 and a 1 year high of $59.05. The company has a quick ratio of 1.31, a current ratio of 1.34 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $2.08 billion, a price-to-earnings ratio of 31.78, a PEG ratio of 2.05 and a beta of 1.33.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 24th. Stockholders of record on Monday, August 13th will be issued a $0.085 dividend. The ex-dividend date is Friday, August 10th. This represents a $0.34 annualized dividend and a dividend yield of 0.61%. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.08. Comfort Systems USA’s payout ratio is currently 18.39%.

In other news, VP T Mckenna Trent sold 21,133 shares of Comfort Systems USA stock in a transaction dated Friday, May 25th. The stock was sold at an average price of $45.97, for a total value of $971,484.01. Following the transaction, the vice president now owns 46,095 shares in the company, valued at $2,118,987.15. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Chairman Franklin Myers acquired 3,500 shares of the firm’s stock in a transaction dated Tuesday, May 22nd. The stock was bought at an average price of $46.38 per share, for a total transaction of $162,330.00. Following the acquisition, the chairman now owns 218,500 shares of the company’s stock, valued at approximately $10,134,030. The disclosure for this purchase can be found here. In the last quarter, insiders bought 17,766 shares of company stock worth $819,911 and sold 86,286 shares worth $4,516,243. 3.48% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in FIX. BlackRock Inc. increased its holdings in shares of Comfort Systems USA by 11.7% in the second quarter. BlackRock Inc. now owns 6,131,766 shares of the construction company’s stock worth $280,835,000 after buying an additional 643,685 shares during the period. Fuller & Thaler Asset Management Inc. increased its holdings in shares of Comfort Systems USA by 46.5% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 445,825 shares of the construction company’s stock worth $20,419,000 after buying an additional 141,525 shares during the period. Westwood Holdings Group Inc. increased its holdings in shares of Comfort Systems USA by 7.4% in the first quarter. Westwood Holdings Group Inc. now owns 1,314,295 shares of the construction company’s stock worth $54,215,000 after buying an additional 90,360 shares during the period. FMR LLC increased its holdings in shares of Comfort Systems USA by 5.5% in the second quarter. FMR LLC now owns 1,321,045 shares of the construction company’s stock worth $60,504,000 after buying an additional 68,900 shares during the period. Finally, Sawgrass Asset Management LLC increased its holdings in shares of Comfort Systems USA by 1,089.4% in the second quarter. Sawgrass Asset Management LLC now owns 64,820 shares of the construction company’s stock worth $2,969,000 after buying an additional 59,370 shares during the period. Hedge funds and other institutional investors own 91.33% of the company’s stock.

About Comfort Systems USA

Comfort Systems USA, Inc provides mechanical installation, renovation, maintenance, repair, and replacement services for the mechanical services industry in the United States. It is involved in the design, engineering, integration, installation, and start-up of mechanical and related systems; and maintenance, repair, replacement, renovation, expansion, reconfiguration, and monitoring of mechanical systems, including heating, ventilation, and air conditioning (HVAC) systems, as well as industrial process piping.

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