Erste Group Bank Has Strong Estimate for FIX FY2027 Earnings

Comfort Systems USA, Inc. (NYSE:FIX) – Stock analysts at Erste Group Bank increased their FY2027 earnings estimates for Comfort Systems USA in a research report issued on Wednesday, July 15th. Erste Group Bank analyst H. Engel now forecasts that the construction company will post earnings per share of $56.00 for the year, up from their previous forecast of $53.94. Erste Group Bank has a “Hold” rating on the stock. The consensus estimate for Comfort Systems USA’s current full-year earnings is $43.39 per share.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings results on Thursday, April 23rd. The construction company reported $10.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.81 by $3.70. Comfort Systems USA had a net margin of 12.07% and a return on equity of 51.69%. The business had revenue of $2.87 billion for the quarter, compared to the consensus estimate of $2.39 billion. During the same period in the previous year, the firm earned $4.75 EPS. The business’s revenue was up 56.5% on a year-over-year basis.

Other analysts have also issued research reports about the company. Glj Research began coverage on Comfort Systems USA in a research report on Monday, April 20th. They issued a “buy” rating and a $2,001.00 target price on the stock. KeyCorp upgraded Comfort Systems USA from a “sector weight” rating to an “overweight” rating and set a $2,004.00 price target for the company in a research report on Friday, April 24th. UBS Group lifted their price objective on Comfort Systems USA from $1,992.00 to $2,125.00 and gave the company a “buy” rating in a research note on Monday, June 8th. Stifel Nicolaus boosted their price objective on Comfort Systems USA from $1,611.00 to $1,819.00 and gave the company a “buy” rating in a report on Thursday, April 16th. Finally, Wall Street Zen lowered Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 10th. Nine investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Comfort Systems USA has an average rating of “Moderate Buy” and a consensus target price of $2,015.43.

Comfort Systems USA Stock Performance

NYSE:FIX opened at $1,667.28 on Friday. Comfort Systems USA has a fifty-two week low of $513.99 and a fifty-two week high of $2,073.99. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.21 and a current ratio of 1.24. The company has a 50 day moving average price of $1,861.34 and a 200 day moving average price of $1,540.19. The stock has a market capitalization of $58.69 billion, a P/E ratio of 48.10 and a beta of 1.66.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Handelsbanken Fonder AB grew its holdings in Comfort Systems USA by 6.8% during the 2nd quarter. Handelsbanken Fonder AB now owns 21,390 shares of the construction company’s stock worth $42,394,000 after acquiring an additional 1,357 shares in the last quarter. Carolina Wealth Advisors LLC raised its holdings in shares of Comfort Systems USA by 63.6% in the 2nd quarter. Carolina Wealth Advisors LLC now owns 18 shares of the construction company’s stock valued at $36,000 after purchasing an additional 7 shares in the last quarter. Fulton Bank N.A. raised its holdings in shares of Comfort Systems USA by 3.0% in the 2nd quarter. Fulton Bank N.A. now owns 621 shares of the construction company’s stock valued at $1,231,000 after purchasing an additional 18 shares in the last quarter. Revolve Wealth Partners LLC purchased a new stake in shares of Comfort Systems USA during the 2nd quarter worth $200,000. Finally, Tactive Advisors LLC purchased a new stake in shares of Comfort Systems USA during the 2nd quarter worth $575,000. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Insider Buying and Selling at Comfort Systems USA

In other news, Director Franklin Myers sold 6,700 shares of the stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of $1,954.47, for a total value of $13,094,949.00. Following the sale, the director directly owned 62,115 shares in the company, valued at approximately $121,401,904.05. This trade represents a 9.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Julie Shaeff sold 1,123 shares of Comfort Systems USA stock in a transaction on Monday, May 11th. The shares were sold at an average price of $2,000.37, for a total value of $2,246,415.51. Following the completion of the transaction, the chief accounting officer owned 12,624 shares of the company’s stock, valued at approximately $25,252,670.88. This trade represents a 8.17% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 30,778 shares of company stock valued at $59,746,124. Insiders own 1.24% of the company’s stock.

Comfort Systems USA Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Friday, May 15th were paid a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 0.2%. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.70. The ex-dividend date was Friday, May 15th. Comfort Systems USA’s payout ratio is presently 9.23%.

Comfort Systems USA Company Profile

Comfort Systems USA, Inc is a U.S.-based mechanical contracting company that provides a range of heating, ventilation and air conditioning (HVAC) services to commercial, industrial and institutional customers. The company focuses on the design, installation, maintenance and repair of HVAC systems, and it supports projects from initial engineering and system selection through long-term service agreements and upgrades.

Its service offerings include new construction and retrofit installations, preventive and corrective maintenance, emergency repair, energy management and building automation systems.