Comfort Systems USA (NYSE:FIX – Get Free Report) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, July 26th. Analysts expect the company to announce earnings of $1.64 per share for the quarter.
Comfort Systems USA (NYSE:FIX – Get Free Report) last posted its earnings results on Wednesday, April 26th. The construction company reported $1.51 EPS for the quarter, topping the consensus estimate of $1.07 by $0.44. Comfort Systems USA had a net margin of 4.89% and a return on equity of 21.72%. The firm had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter last year, the firm earned $0.91 EPS. The company’s quarterly revenue was up 32.7% compared to the same quarter last year. On average, analysts expect Comfort Systems USA to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.
Comfort Systems USA Price Performance
Comfort Systems USA stock opened at $165.84 on Friday. Comfort Systems USA has a 52 week low of $88.90 and a 52 week high of $172.02. The company’s 50 day moving average price is $158.39 and its two-hundred day moving average price is $141.48. The company has a quick ratio of 1.01, a current ratio of 1.04 and a debt-to-equity ratio of 0.19. The stock has a market cap of $5.93 billion, a P/E ratio of 27.59 and a beta of 1.21.
Comfort Systems USA Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, May 29th. Shareholders of record on Thursday, May 18th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Wednesday, May 17th. This represents a $0.80 annualized dividend and a dividend yield of 0.48%. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.18. Comfort Systems USA’s dividend payout ratio (DPR) is currently 13.31%.
Insider Buying and Selling at Comfort Systems USA
In other Comfort Systems USA news, Director Constance Ellen Skidmore sold 3,000 shares of the business’s stock in a transaction on Monday, June 12th. The shares were sold at an average price of $159.94, for a total transaction of $479,820.00. Following the sale, the director now owns 22,787 shares of the company’s stock, valued at approximately $3,644,552.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.20% of the company’s stock.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in FIX. Brown Brothers Harriman & Co. grew its position in Comfort Systems USA by 2,814.3% in the first quarter. Brown Brothers Harriman & Co. now owns 408 shares of the construction company’s stock worth $36,000 after acquiring an additional 394 shares in the last quarter. Meeder Asset Management Inc. grew its position in Comfort Systems USA by 172.9% in the fourth quarter. Meeder Asset Management Inc. now owns 363 shares of the construction company’s stock worth $42,000 after acquiring an additional 230 shares in the last quarter. Lazard Asset Management LLC grew its position in Comfort Systems USA by 60.8% in the first quarter. Lazard Asset Management LLC now owns 857 shares of the construction company’s stock worth $76,000 after acquiring an additional 324 shares in the last quarter. Fortis Capital Advisors LLC purchased a new position in Comfort Systems USA in the fourth quarter worth $118,000. Finally, Captrust Financial Advisors grew its position in Comfort Systems USA by 42.4% in the first quarter. Captrust Financial Advisors now owns 2,205 shares of the construction company’s stock worth $196,000 after acquiring an additional 657 shares in the last quarter. 94.51% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of equities research analysts recently commented on the stock. UBS Group assumed coverage on shares of Comfort Systems USA in a report on Thursday, June 1st. They issued a “neutral” rating and a $162.00 price target on the stock. StockNews.com assumed coverage on shares of Comfort Systems USA in a report on Thursday, May 18th. They issued a “buy” rating on the stock.
About Comfort Systems USA
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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