Comfort Systems USA, Inc. (NYSE:FIX) – KeyCorp dropped their Q2 2017 earnings estimates for shares of Comfort Systems USA in a report released on Wednesday. KeyCorp analyst T. Afzal now expects that the construction company will post earnings of $0.50 per share for the quarter, down from their previous estimate of $0.55.

FIX has been the subject of several other reports. Zacks Investment Research lowered shares of Comfort Systems USA from a “buy” rating to a “hold” rating in a research report on Monday, May 1st. BidaskClub lowered shares of Comfort Systems USA from a “sell” rating to a “strong sell” rating in a research report on Friday, June 23rd. Jefferies Group LLC lifted their target price on shares of Comfort Systems USA from $80.00 to $83.00 and gave the company a “hold” rating in a research report on Wednesday, May 3rd. Finally, Guggenheim started coverage on shares of Comfort Systems USA in a research report on Tuesday, April 11th. They set a “buy” rating for the company. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $54.00.

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Comfort Systems USA (NYSE FIX) opened at 36.55 on Monday. The company’s 50-day moving average is $35.86 and its 200-day moving average is $35.23. Comfort Systems USA has a 52-week low of $26.05 and a 52-week high of $39.67. The firm has a market capitalization of $1.36 billion, a PE ratio of 22.00 and a beta of 1.29.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings data on Wednesday, April 26th. The construction company reported $0.20 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.25 by $0.05. The company had revenue of $380.60 million for the quarter, compared to analyst estimates of $405.43 million. Comfort Systems USA had a return on equity of 16.94% and a net margin of 3.84%. Comfort Systems USA’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.26 earnings per share.

In other news, Director Alan Krusi sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, April 27th. The shares were sold at an average price of $36.22, for a total value of $108,660.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO William George III sold 28,396 shares of the business’s stock in a transaction that occurred on 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 $1,829,265.48. The disclosure for this sale can be found here. Insiders own 3.49% of the company’s stock.

Several large investors have recently made changes to their positions in FIX. State Street Corp raised its position in shares of Comfort Systems USA by 2.4% in the fourth quarter. State Street Corp now owns 845,921 shares of the construction company’s stock worth $28,172,000 after buying an additional 19,484 shares during the period. Norges Bank acquired a new position in shares of Comfort Systems USA during the fourth quarter worth about $16,423,000. Rafferty Asset Management LLC acquired a new position in shares of Comfort Systems USA during the first quarter worth about $858,000. DUPONT CAPITAL MANAGEMENT Corp raised its position in shares of Comfort Systems USA by 12.4% in the first quarter. DUPONT CAPITAL MANAGEMENT Corp now owns 62,475 shares of the construction company’s stock worth $2,290,000 after buying an additional 6,892 shares during the period. Finally, Wells Fargo & Company MN raised its position in shares of Comfort Systems USA by 1.8% in the first quarter. Wells Fargo & Company MN now owns 367,611 shares of the construction company’s stock worth $13,472,000 after buying an additional 6,607 shares during the period. Hedge funds and other institutional investors own 93.44% of the company’s stock.

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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