$0.31 EPS Expected for Comfort Systems USA (FIX) This Quarter

Equities analysts expect Comfort Systems USA (NYSE:FIX) to report earnings per share (EPS) of $0.31 for the current quarter, Zacks reports. Two analysts have made estimates for Comfort Systems USA’s earnings. The lowest EPS estimate is $0.29 and the highest is $0.33. Comfort Systems USA reported earnings of $0.20 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 55%. The firm is scheduled to issue its next quarterly earnings report on Wednesday, April 25th.

On average, analysts expect that Comfort Systems USA will report full-year earnings of $2.39 per share for the current fiscal year, with EPS estimates ranging from $2.20 to $2.57. For the next fiscal year, analysts forecast that the company will report earnings of $2.74 per share, with EPS estimates ranging from $2.43 to $3.05. Zacks’ EPS calculations are an average based on a survey of research analysts that cover Comfort Systems USA.

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Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings results on Thursday, February 22nd. The construction company reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.06). The business had revenue of $461.10 million for the quarter, compared to analyst estimates of $445.85 million. Comfort Systems USA had a net margin of 3.09% and a return on equity of 16.10%. The company’s revenue for the quarter was up 17.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.45 EPS.

Separately, Zacks Investment Research upgraded Comfort Systems USA from a “hold” rating to a “buy” rating and set a $50.00 price objective on the stock in a research report on Wednesday, December 27th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Comfort Systems USA presently has a consensus rating of “Hold” and a consensus price target of $58.00.

In related news, Chairman Franklin Myers purchased 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The shares were bought at an average price of $41.87 per share, for a total transaction of $104,675.00. Following the completion of the transaction, the chairman now owns 212,500 shares of the company’s stock, valued at $8,897,375. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Brian E. Lane sold 19,124 shares of the firm’s stock in a transaction on Friday, March 2nd. The stock was sold at an average price of $40.26, for a total value of $769,932.24. The disclosure for this sale can be found here. 3.48% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Jane Street Group LLC bought a new position in shares of Comfort Systems USA in the third quarter worth $269,000. Schwab Charles Investment Management Inc. increased its position in shares of Comfort Systems USA by 5.2% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 261,637 shares of the construction company’s stock worth $11,421,000 after purchasing an additional 12,914 shares during the period. Wells Fargo & Company MN increased its position in shares of Comfort Systems USA by 10.2% in the fourth quarter. Wells Fargo & Company MN now owns 142,365 shares of the construction company’s stock worth $6,215,000 after purchasing an additional 13,124 shares during the period. Deutsche Bank AG increased its position in shares of Comfort Systems USA by 56.8% in the fourth quarter. Deutsche Bank AG now owns 152,663 shares of the construction company’s stock worth $6,661,000 after purchasing an additional 55,323 shares during the period. Finally, GSA Capital Partners LLP increased its position in shares of Comfort Systems USA by 68.1% in the third quarter. GSA Capital Partners LLP now owns 58,475 shares of the construction company’s stock worth $2,088,000 after purchasing an additional 23,694 shares during the period. Institutional investors own 95.05% of the company’s stock.

FIX stock traded down $0.40 during trading hours on Friday, hitting $40.65. 70,950 shares of the stock were exchanged, compared to its average volume of 153,542. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 1.28. The stock has a market capitalization of $1,526.04, a price-to-earnings ratio of 23.36, a PEG ratio of 1.72 and a beta of 1.13. Comfort Systems USA has a 12 month low of $31.90 and a 12 month high of $44.80.

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 23rd. Shareholders of record on Monday, March 12th were given a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 0.74%. The ex-dividend date was Friday, March 9th. Comfort Systems USA’s payout ratio is 17.24%.

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Comfort Systems USA Company Profile

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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