Brokerages Anticipate Comfort Systems USA, Inc. (FIX) Will Post Earnings of $0.51 Per Share
Wall Street brokerages forecast that Comfort Systems USA, Inc. (NYSE:FIX) will announce earnings per share (EPS) of $0.51 for the current quarter, Zacks reports. Two analysts have made estimates for Comfort Systems USA’s earnings. The lowest EPS estimate is $0.48 and the highest is $0.55. Comfort Systems USA reported earnings of $0.47 per share during the same quarter last year, which would indicate a positive year over year growth rate of 8.5%. The firm is expected to announce its next earnings results on Thursday, July 27th.
According to Zacks, analysts expect that Comfort Systems USA will report full-year earnings of $1.85 per share for the current year. For the next fiscal year, analysts anticipate that the company will post earnings of $2.17 per share, with EPS estimates ranging from $2.00 to $2.35. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that follow Comfort Systems USA.
Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings data on Wednesday, April 26th. The construction company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by $0.05. Comfort Systems USA had a return on equity of 17.22% and a net margin of 3.76%. The company had revenue of $380.60 million for the quarter, compared to the consensus estimate of $405.43 million. During the same quarter in the previous year, the firm posted $0.26 EPS. The business’s revenue for the quarter was down 1.4% compared to the same quarter last year.
A number of research firms have recently issued reports on FIX. Guggenheim began coverage on shares of Comfort Systems USA in a research note on Tuesday, April 11th. They set a “buy” rating for the company. Jefferies Group LLC raised their target price on shares of Comfort Systems USA from $80.00 to $83.00 and gave the stock a “hold” rating in a research note on Wednesday, May 3rd. Zacks Investment Research cut shares of Comfort Systems USA from a “buy” rating to a “hold” rating in a research note on Monday, May 1st. Finally, DA Davidson restated a “neutral” rating on shares of Comfort Systems USA in a research note on Monday, February 27th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $54.00.
Comfort Systems USA (NYSE:FIX) traded down 0.28% on Wednesday, hitting $35.00. 130,108 shares of the stock traded hands. Comfort Systems USA has a 52 week low of $26.05 and a 52 week high of $39.67. The stock has a market cap of $1.30 billion, a price-to-earnings ratio of 21.07 and a beta of 1.28. The firm’s 50 day moving average is $35.68 and its 200 day moving average is $34.25.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 23rd. Stockholders of record on Friday, May 12th will be paid a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date of this dividend is Wednesday, May 10th. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.07. Comfort Systems USA’s dividend payout ratio (DPR) is currently 17.28%.
In other Comfort Systems USA news, Chairman Franklin Myers acquired 4,000 shares of the company’s stock in a transaction on Wednesday, May 3rd. The stock was acquired at an average price of $35.39 per share, for a total transaction of $141,560.00. Following the purchase, the chairman now directly owns 195,500 shares of the company’s stock, valued at $6,918,745. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO William George III sold 28,396 shares of Comfort Systems USA stock in a transaction dated Tuesday, May 2nd. The stock was sold at an average price of $36.54, for a total transaction of $1,037,589.84. Following the completion of the sale, the chief financial officer now owns 50,062 shares of the company’s stock, valued at approximately $1,829,265.48. The disclosure for this sale can be found here. In the last 90 days, insiders have bought 9,000 shares of company stock valued at $329,175 and have sold 68,165 shares valued at $2,497,772. Company insiders own 3.49% of the company’s stock.
A number of hedge funds have recently modified their holdings of FIX. BlackRock Inc. boosted its stake in shares of Comfort Systems USA by 63,201.2% in the first quarter. BlackRock Inc. now owns 5,067,895 shares of the construction company’s stock valued at $185,736,000 after buying an additional 5,059,889 shares during the period. Royce & Associates LP boosted its stake in shares of Comfort Systems USA by 118.6% in the fourth quarter. Royce & Associates LP now owns 1,500,356 shares of the construction company’s stock valued at $49,962,000 after buying an additional 813,960 shares during the period. Norges Bank acquired a new stake in shares of Comfort Systems USA during the fourth quarter valued at $16,423,000. Neumeier Poma Investment Counsel LLC acquired a new stake in shares of Comfort Systems USA during the fourth quarter valued at $13,361,000. Finally, Allianz Asset Management AG boosted its stake in shares of Comfort Systems USA by 16.7% in the fourth quarter. Allianz Asset Management AG now owns 1,524,815 shares of the construction company’s stock valued at $50,776,000 after buying an additional 218,560 shares during the period. Institutional investors and hedge funds own 93.99% of the company’s stock.
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About Comfort Systems USA
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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