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

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Equities analysts forecast that Comfort Systems USA, Inc. (NYSE:FIX) will post earnings per share of $0.83 for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Comfort Systems USA’s earnings. The highest EPS estimate is $0.86 and the lowest is $0.80. Comfort Systems USA posted earnings of $0.59 per share in the same quarter last year, which would suggest a positive year over year growth rate of 40.7%. The business is expected to issue its next earnings results 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 financial 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 averages are an average based on a survey of sell-side research firms that follow Comfort Systems USA.

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

FIX has been the topic of several analyst reports. Zacks Investment Research raised Comfort Systems USA from a “hold” rating to a “buy” rating and set a $54.00 target price on the stock in a research report on Tuesday, July 24th. DA Davidson set a $55.00 target price on Comfort Systems USA and gave the company a “hold” rating in a research report on Monday, July 30th. Four research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. Comfort Systems USA presently has an average rating of “Buy” and an average price target of $59.00.

In other Comfort Systems USA news, CFO William George III sold 29,888 shares of the company’s stock in a transaction on Tuesday, July 31st. The stock was sold at an average price of $54.24, for a total value of $1,621,125.12. Following the transaction, the chief financial officer now owns 45,675 shares of the company’s stock, valued at approximately $2,477,412. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Brian E. Lane sold 29,247 shares of the company’s stock in a transaction on Monday, July 30th. The shares were sold at an average price of $54.37, for a total value of $1,590,159.39. Following the completion of the transaction, the insider now directly owns 228,093 shares in the company, valued at approximately $12,401,416.41. The disclosure for this sale can be found here. Insiders sold a total of 65,153 shares of company stock worth $3,544,759 in the last ninety days. 3.45% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in the business. Aperio Group LLC grew its position in Comfort Systems USA by 4.6% in the 2nd quarter. Aperio Group LLC now owns 21,988 shares of the construction company’s stock valued at $1,007,000 after acquiring an additional 970 shares during the last quarter. Victory Capital Management Inc. grew its position in Comfort Systems USA by 12.3% in the 2nd quarter. Victory Capital Management Inc. now owns 9,836 shares of the construction company’s stock valued at $450,000 after acquiring an additional 1,079 shares during the last quarter. Summit Global Investments grew its position in Comfort Systems USA by 9.3% in the 2nd quarter. Summit Global Investments now owns 14,100 shares of the construction company’s stock valued at $646,000 after acquiring an additional 1,200 shares during the last quarter. Sei Investments Co. grew its position in Comfort Systems USA by 55.9% in the 1st quarter. Sei Investments Co. now owns 3,515 shares of the construction company’s stock valued at $145,000 after acquiring an additional 1,260 shares during the last quarter. Finally, Comerica Bank grew its position in Comfort Systems USA by 3.6% in the 2nd quarter. Comerica Bank now owns 40,937 shares of the construction company’s stock valued at $1,946,000 after acquiring an additional 1,423 shares during the last quarter. 91.01% of the stock is currently owned by institutional investors.

Shares of NYSE FIX traded down $0.91 during trading hours on Friday, hitting $51.74. 440,063 shares of the company traded hands, compared to its average volume of 214,239. The company has a market cap of $2.10 billion, a P/E ratio of 29.74, a P/E/G ratio of 2.07 and a beta of 1.30. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.31 and a current ratio of 1.34. Comfort Systems USA has a 12 month low of $35.50 and a 12 month high of $59.05.

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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