Wall Street analysts predict that Comfort Systems USA, Inc. (NYSE:FIX) will post sales of $573.75 million for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Comfort Systems USA’s earnings, with the lowest sales estimate coming in at $560.00 million and the highest estimate coming in at $587.50 million. Comfort Systems USA reported sales of $461.07 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 24.4%. The firm is scheduled to report its next earnings results on Thursday, February 28th.
According to Zacks, analysts expect that Comfort Systems USA will report full-year sales of $2.17 billion for the current financial year, with estimates ranging from $2.15 billion to $2.18 billion. For the next year, analysts expect that the firm will post sales of $2.36 billion, with estimates ranging from $2.36 billion to $2.37 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Comfort Systems USA.
Comfort Systems USA (NYSE:FIX) last issued its earnings results on Friday, October 26th. The construction company reported $1.01 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.83 by $0.18. The business had revenue of $594.54 million for the quarter, compared to the consensus estimate of $566.75 million. Comfort Systems USA had a net margin of 4.64% and a return on equity of 22.60%.
A number of brokerages recently weighed in on FIX. ValuEngine downgraded shares of Comfort Systems USA from a “buy” rating to a “hold” rating in a report on Thursday, November 1st. Zacks Investment Research upgraded shares of Comfort Systems USA from a “hold” rating to a “strong-buy” rating and set a $63.00 target price on the stock in a report on Wednesday, October 31st.
In other Comfort Systems USA news, Director Alan Krusi sold 2,000 shares of the company’s stock in a transaction on Thursday, November 1st. The shares were sold at an average price of $53.33, for a total value of $106,660.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP T Mckenna Trent sold 15,000 shares of the company’s stock in a transaction on Monday, November 5th. The shares were sold at an average price of $54.79, for a total transaction of $821,850.00. Following the completion of the transaction, the vice president now owns 45,341 shares in the company, valued at $2,484,233.39. The disclosure for this sale can be found here. 3.48% of the stock is currently owned by insiders.
Several large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in shares of Comfort Systems USA by 9.2% in the third quarter. Vanguard Group Inc. now owns 3,971,773 shares of the construction company’s stock valued at $224,008,000 after purchasing an additional 334,921 shares during the last quarter. Morgan Stanley increased its holdings in shares of Comfort Systems USA by 21.8% in the third quarter. Morgan Stanley now owns 320,464 shares of the construction company’s stock valued at $18,075,000 after purchasing an additional 57,462 shares during the last quarter. Legal & General Group Plc increased its holdings in shares of Comfort Systems USA by 7.7% in the third quarter. Legal & General Group Plc now owns 87,937 shares of the construction company’s stock valued at $4,934,000 after purchasing an additional 6,255 shares during the last quarter. TIAA CREF Investment Management LLC increased its holdings in shares of Comfort Systems USA by 66.4% in the third quarter. TIAA CREF Investment Management LLC now owns 357,246 shares of the construction company’s stock valued at $20,149,000 after purchasing an additional 142,513 shares during the last quarter. Finally, Teachers Advisors LLC increased its holdings in shares of Comfort Systems USA by 0.4% in the third quarter. Teachers Advisors LLC now owns 601,469 shares of the construction company’s stock valued at $33,923,000 after purchasing an additional 2,292 shares during the last quarter. Hedge funds and other institutional investors own 88.92% of the company’s stock.
Shares of FIX opened at $52.66 on Monday. The firm has a market cap of $1.96 billion, a P/E ratio of 30.26, a PEG ratio of 1.76 and a beta of 1.23. Comfort Systems USA has a 1-year low of $39.40 and a 1-year high of $59.83. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.32 and a current ratio of 1.35.
The company also recently announced a quarterly dividend, which was paid on Tuesday, November 20th. Investors of record on Friday, November 9th were issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 0.68%. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend was Thursday, November 8th. Comfort Systems USA’s payout ratio is presently 20.69%.
About Comfort Systems USA
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.
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