$471.95 Million in Sales Expected for Comfort Systems USA, Inc. (FIX) This Quarter
Analysts expect Comfort Systems USA, Inc. (NYSE:FIX) to post $471.95 million in sales for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Comfort Systems USA’s earnings. The highest sales estimate is $475.00 million and the lowest is $468.90 million. Comfort Systems USA posted sales of $428.76 million during the same quarter last year, which suggests a positive year-over-year growth rate of 10.1%. The business is scheduled to report its next quarterly earnings report on Thursday, October 26th.
According to Zacks, analysts expect that Comfort Systems USA will report full-year sales of $471.95 million for the current financial year, with estimates ranging from $1.76 billion to $1.77 billion. For the next fiscal year, analysts anticipate that the business will report sales of $1.96 billion per share, with estimates ranging from $1.90 billion to $2.02 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow Comfort Systems USA.
Comfort Systems USA (NYSE:FIX) last announced its earnings results on Friday, July 28th. The construction company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.49 by $0.01. Comfort Systems USA had a net margin of 3.77% and a return on equity of 16.52%. The business had revenue of $465.41 million for the quarter, compared to the consensus estimate of $462.06 million. During the same quarter in the previous year, the company earned $0.47 EPS. Comfort Systems USA’s revenue for the quarter was up 8.9% compared to the same quarter last year.
A number of research firms recently commented on FIX. Zacks Investment Research upgraded Comfort Systems USA from a “sell” rating to a “hold” rating in a report on Tuesday, June 27th. BidaskClub upgraded Comfort Systems USA from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $63.00.
Shares of Comfort Systems USA (NYSE FIX) opened at 34.00 on Friday. The company has a market cap of $1.27 billion, a P/E ratio of 20.47 and a beta of 1.26. The company’s 50-day moving average price is $33.75 and its 200 day moving average price is $35.27. Comfort Systems USA has a 52 week low of $26.05 and a 52 week high of $39.67.
The firm also recently declared a quarterly dividend, which was paid on Friday, August 25th. Investors of record on Monday, August 14th were issued a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date of this dividend was Thursday, August 10th. Comfort Systems USA’s payout ratio is currently 17.96%.
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In other news, Director Alan Krusi sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $33.85, for a total transaction of $67,700.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Franklin Myers acquired 5,482 shares of Comfort Systems USA stock in a transaction dated Monday, July 31st. The shares were purchased at an average price of $33.58 per share, with a total value of $184,085.56. Following the acquisition, the chairman now owns 205,000 shares of the company’s stock, valued at $6,883,900. The disclosure for this purchase can be found here. Insiders own 3.49% of the company’s stock.
Several large investors have recently modified their holdings of the company. BlackRock Inc. boosted its holdings in shares of Comfort Systems USA by 63,201.2% during the first quarter. BlackRock Inc. now owns 5,067,895 shares of the construction company’s stock worth $185,736,000 after acquiring an additional 5,059,889 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Comfort Systems USA by 25.2% during the second quarter. Bank of New York Mellon Corp now owns 1,257,421 shares of the construction company’s stock worth $46,650,000 after acquiring an additional 253,377 shares during the period. FMR LLC boosted its holdings in shares of Comfort Systems USA by 2,421.9% during the second quarter. FMR LLC now owns 1,006,223 shares of the construction company’s stock worth $37,331,000 after acquiring an additional 966,323 shares during the period. State Street Corp boosted its holdings in shares of Comfort Systems USA by 4.4% during the second quarter. State Street Corp now owns 930,260 shares of the construction company’s stock worth $34,517,000 after acquiring an additional 39,200 shares during the period. Finally, Neumeier Poma Investment Counsel LLC boosted its holdings in shares of Comfort Systems USA by 34.3% during the second quarter. Neumeier Poma Investment Counsel LLC now owns 868,825 shares of the construction company’s stock worth $32,233,000 after acquiring an additional 221,875 shares during the period. Institutional investors own 92.50% 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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