Brokerages forecast that Comfort Systems USA (NYSE:FIX) will post $513.80 million in sales for the current quarter, Zacks reports. Two analysts have made estimates for Comfort Systems USA’s earnings, with the lowest sales estimate coming in at $507.60 million and the highest estimate coming in at $520.00 million. Comfort Systems USA posted sales of $465.41 million in the same quarter last year, which suggests a positive year-over-year growth rate of 10.4%. The firm is scheduled to announce its next quarterly earnings results on Thursday, July 26th.
According to Zacks, analysts expect that Comfort Systems USA will report full year sales of $2.00 billion for the current financial year, with estimates ranging from $1.98 billion to $2.01 billion. For the next fiscal year, analysts anticipate that the company will report sales of $2.17 billion per share, with estimates ranging from $2.08 billion to $2.26 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Comfort Systems USA.
Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings results on Friday, April 27th. The construction company reported $0.37 EPS for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.06. Comfort Systems USA had a net margin of 3.44% and a return on equity of 17.86%. The company had revenue of $464.94 million during the quarter, compared to analyst estimates of $441.98 million. During the same period in the prior year, the business posted $0.20 EPS. The firm’s revenue was up 22.2% compared to the same quarter last year.
FIX has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded shares of Comfort Systems USA from a “hold” rating to a “buy” rating and set a $48.00 price target for the company in a report on Tuesday, February 27th. ValuEngine upgraded shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Tuesday, May 8th. Finally, DA Davidson upped their price target on shares of Comfort Systems USA from $46.00 to $48.00 and gave the company a “hold” rating in a report on Monday, April 30th. Four equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $48.50.
In other Comfort Systems USA news, insider Julie Shaeff sold 9,719 shares of the company’s stock in a transaction on Monday, May 7th. The shares were sold at an average price of $42.64, for a total value of $414,418.16. Following the completion of the transaction, the insider now directly owns 34,019 shares in the company, valued at approximately $1,450,570.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO William George III sold 29,651 shares of the company’s stock in a transaction on Tuesday, May 1st. The stock was sold at an average price of $41.97, for a total transaction of $1,244,452.47. Following the completion of the transaction, the chief financial officer now owns 49,675 shares of the company’s stock, valued at $2,084,859.75. The disclosure for this sale can be found here. Insiders have sold a total of 85,494 shares of company stock valued at $3,569,783 over the last quarter. 3.48% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Legal & General Group Plc raised its holdings in Comfort Systems USA by 4.9% in the 1st quarter. Legal & General Group Plc now owns 77,667 shares of the construction company’s stock worth $3,185,000 after purchasing an additional 3,596 shares in the last quarter. Barclays PLC raised its holdings in Comfort Systems USA by 17.6% in the 1st quarter. Barclays PLC now owns 15,924 shares of the construction company’s stock worth $657,000 after purchasing an additional 2,383 shares in the last quarter. Westwood Holdings Group Inc. raised its holdings in Comfort Systems USA by 7.4% in the 1st quarter. Westwood Holdings Group Inc. now owns 1,314,295 shares of the construction company’s stock worth $54,215,000 after purchasing an additional 90,360 shares in the last quarter. Profund Advisors LLC raised its holdings in Comfort Systems USA by 27.9% in the 1st quarter. Profund Advisors LLC now owns 7,435 shares of the construction company’s stock worth $307,000 after purchasing an additional 1,620 shares in the last quarter. Finally, Principal Financial Group Inc. raised its holdings in Comfort Systems USA by 2.2% in the 1st quarter. Principal Financial Group Inc. now owns 292,537 shares of the construction company’s stock worth $12,067,000 after purchasing an additional 6,211 shares in the last quarter. Institutional investors and hedge funds own 94.99% of the company’s stock.
NYSE:FIX traded up $0.50 during midday trading on Monday, reaching $46.20. 2,207 shares of the stock traded hands, compared to its average volume of 155,130. Comfort Systems USA has a 12 month low of $45.30 and a 12 month high of $45.50. The company has a quick ratio of 1.31, a current ratio of 1.34 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $1.66 billion, a P/E ratio of 26.47, a P/E/G ratio of 1.79 and a beta of 1.15.
The company also recently declared a quarterly dividend, which will be paid on Friday, May 25th. Investors of record on Monday, May 14th will be issued a dividend of $0.08 per share. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.08. This represents a $0.32 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date is Friday, May 11th. Comfort Systems USA’s dividend payout ratio is currently 18.39%.
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.
Get a free copy of the Zacks research report on Comfort Systems USA (FIX)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Comfort Systems USA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comfort Systems USA and related companies with MarketBeat.com's FREE daily email newsletter.