$444.30 Million in Sales Expected for Comfort Systems USA, Inc. (FIX) This Quarter
Brokerages expect Comfort Systems USA, Inc. (NYSE:FIX) to post sales of $444.30 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Comfort Systems USA’s earnings. The lowest sales estimate is $441.60 million and the highest is $447.00 million. Comfort Systems USA reported sales of $392.10 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 13.3%. The firm is scheduled to announce its next earnings results on Thursday, February 22nd.
According to Zacks, analysts expect that Comfort Systems USA will report full-year sales of $444.30 million for the current year. For the next year, analysts expect that the company will post sales of $1.94 billion per share, with estimates ranging from $1.92 billion to $1.97 billion. Zacks’ sales calculations are an average based on a survey of research firms that cover Comfort Systems USA.
Comfort Systems USA (NYSE:FIX) last announced its earnings results on Thursday, October 26th. The construction company reported $0.59 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.02. Comfort Systems USA had a net margin of 3.76% and a return on equity of 16.49%. The business had revenue of $480.85 million for the quarter, compared to analyst estimates of $469.53 million. During the same quarter last year, the business earned $0.54 earnings per share. The company’s revenue for the quarter was up 12.1% compared to the same quarter last year.
In other news, Director Alan Krusi sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $43.24, for a total value of $86,480.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Brian E. Lane sold 19,389 shares of the firm’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $42.35, for a total transaction of $821,124.15. Following the completion of the transaction, the insider now directly owns 203,021 shares in the company, valued at $8,597,939.35. The disclosure for this sale can be found here. Over the last three months, insiders sold 70,473 shares of company stock worth $2,986,454. Insiders own 3.48% of the company’s stock.
Several large investors have recently bought and sold shares of the company. OxFORD Asset Management LLP purchased a new position in Comfort Systems USA during the second quarter worth about $256,000. Neumeier Poma Investment Counsel LLC raised its stake in 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 purchasing an additional 221,875 shares during the period. QS Investors LLC raised its stake in Comfort Systems USA by 44.2% during the second quarter. QS Investors LLC now owns 96,797 shares of the construction company’s stock worth $3,591,000 after purchasing an additional 29,658 shares during the period. Citadel Advisors LLC raised its stake in Comfort Systems USA by 42.9% during the third quarter. Citadel Advisors LLC now owns 61,436 shares of the construction company’s stock worth $2,193,000 after purchasing an additional 18,439 shares during the period. Finally, Schwab Charles Investment Management Inc. raised its stake in Comfort Systems USA by 3.9% during the second quarter. Schwab Charles Investment Management Inc. now owns 232,577 shares of the construction company’s stock worth $8,629,000 after purchasing an additional 8,704 shares during the period. 92.27% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Comfort Systems USA (FIX) traded up $0.40 during midday trading on Monday, hitting $44.10. 103,200 shares of the stock traded hands, compared to its average volume of 162,289. Comfort Systems USA has a 1-year low of $31.90 and a 1-year high of $44.80. The firm has a market capitalization of $1,637.62, a price-to-earnings ratio of 25.64, a price-to-earnings-growth ratio of 2.06 and a beta of 1.28. The company has a current ratio of 1.33, a quick ratio of 1.30 and a debt-to-equity ratio of 0.20.
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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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