Comfort Systems USA, Inc. to Post Q4 2022 Earnings of $1.35 Per Share, DA Davidson Forecasts (NYSE:FIX)
Comfort Systems USA, Inc. (NYSE:FIX – Get Rating) – Equities researchers at DA Davidson issued their Q4 2022 EPS estimates for Comfort Systems USA in a research note issued on Friday, October 28th. DA Davidson analyst B. Thielman forecasts that the construction company will post earnings of $1.35 per share for the quarter. The consensus estimate for Comfort Systems USA’s current full-year earnings is $4.85 per share. DA Davidson also issued estimates for Comfort Systems USA’s FY2023 earnings at $6.34 EPS.
Separately, StockNews.com started coverage on shares of Comfort Systems USA in a research note on Wednesday, October 12th. They issued a “buy” rating for the company.
Comfort Systems USA Price Performance
FIX stock opened at $121.50 on Monday. The firm has a market cap of $4.34 billion, a price-to-earnings ratio of 19.22 and a beta of 1.18. The company has a quick ratio of 1.25, a current ratio of 1.30 and a debt-to-equity ratio of 0.40. Comfort Systems USA has a 12-month low of $74.14 and a 12-month high of $122.82. The company’s fifty day simple moving average is $102.93 and its 200 day simple moving average is $94.19.
Comfort Systems USA Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, November 28th. Investors of record on Thursday, November 17th will be paid a dividend of $0.15 per share. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.14. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date is Wednesday, November 16th. Comfort Systems USA’s dividend payout ratio is presently 8.86%.
Insider Buying and Selling
In related news, Director Constance Ellen Skidmore sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, September 12th. The shares were sold at an average price of $103.39, for a total transaction of $310,170.00. Following the sale, the director now owns 30,722 shares of the company’s stock, valued at approximately $3,176,347.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Constance Ellen Skidmore sold 3,000 shares of the stock in a transaction on Monday, September 12th. The shares were sold at an average price of $103.39, for a total transaction of $310,170.00. Following the transaction, the director now owns 30,722 shares of the company’s stock, valued at approximately $3,176,347.58. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Brian E. Lane sold 10,211 shares of the stock in a transaction on Tuesday, August 16th. The shares were sold at an average price of $106.99, for a total transaction of $1,092,474.89. Following the transaction, the insider now directly owns 271,118 shares in the company, valued at approximately $29,006,914.82. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 42,930 shares of company stock valued at $4,547,148. Company insiders own 2.48% of the company’s stock.
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the business. Meeder Asset Management Inc. purchased a new position in shares of Comfort Systems USA in the first quarter worth approximately $32,000. Brown Brothers Harriman & Co. boosted its stake in shares of Comfort Systems USA by 2,814.3% during the first quarter. Brown Brothers Harriman & Co. now owns 408 shares of the construction company’s stock valued at $36,000 after purchasing an additional 394 shares during the period. Prospera Financial Services Inc purchased a new stake in shares of Comfort Systems USA during the first quarter valued at $38,000. Steward Partners Investment Advisory LLC lifted its stake in Comfort Systems USA by 420.4% in the first quarter. Steward Partners Investment Advisory LLC now owns 536 shares of the construction company’s stock worth $48,000 after acquiring an additional 433 shares during the period. Finally, New Century Advisors LLC lifted its stake in Comfort Systems USA by 43.9% in the second quarter. New Century Advisors LLC now owns 580 shares of the construction company’s stock worth $48,000 after acquiring an additional 177 shares during the period. 95.47% of the stock is currently owned by institutional investors.
Comfort Systems USA Company Profile
Comfort Systems USA, Inc provides mechanical and electrical installation, renovation, maintenance, repair, and replacement services for the mechanical and electrical services industry in the United States. It engages in the design, engineering, integration, installation, and start-up of mechanical, electrical, and plumbing (MEP) systems; and renovation, expansion, maintenance, monitoring, repair, and replacement of existing buildings.
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