Zacks: Analysts Anticipate Comfort Systems USA, Inc. (FIX) to Announce $0.59 EPS

Brokerages predict that Comfort Systems USA, Inc. (NYSE:FIX) will announce earnings per share (EPS) of $0.59 for the current quarter, Zacks reports. Two analysts have made estimates for Comfort Systems USA’s earnings, with estimates ranging from $0.57 to $0.61. Comfort Systems USA reported earnings per share of $0.54 in the same quarter last year, which suggests a positive year-over-year growth rate of 9.3%. The firm is expected to announce its next earnings report on Thursday, October 26th.

According to Zacks, analysts expect that Comfort Systems USA will report full year earnings of $1.79 per share for the current fiscal year, with EPS estimates ranging from $1.77 to $1.81. For the next year, analysts anticipate that the business will post earnings of $2.18 per share, with EPS estimates ranging from $2.00 to $2.35. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that cover Comfort Systems USA.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings data on Friday, July 28th. The construction company reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.01). The company had revenue of $465.41 million for the quarter, compared to analysts’ expectations of $462.06 million. Comfort Systems USA had a net margin of 3.77% and a return on equity of 16.52%. The business’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period last year, the company posted $0.47 EPS.

A number of equities analysts have recently commented on the company. Zacks Investment Research upgraded Comfort Systems USA from a “sell” rating to a “hold” rating in a report on Wednesday, September 27th. BidaskClub upgraded Comfort Systems USA from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Comfort Systems USA currently has a consensus rating of “Hold” and a consensus price target of $83.00.

Comfort Systems USA (FIX) traded down 1.65% during mid-day trading on Friday, hitting $35.70. The stock had a trading volume of 161,471 shares. The stock has a market cap of $1.33 billion, a price-to-earnings ratio of 21.49 and a beta of 1.25. The stock’s 50-day moving average price is $35.43 and its 200-day moving average price is $35.20. Comfort Systems USA has a 12 month low of $26.90 and a 12 month high of $39.67.

In related news, Director Alan Krusi sold 2,000 shares of the business’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $33.85, for a total transaction of $67,700.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Franklin Myers acquired 5,482 shares of the company’s stock in a transaction that occurred on Monday, July 31st. The shares were acquired at an average price of $33.58 per share, with a total value of $184,085.56. Following the acquisition, the chairman now owns 205,000 shares in the company, valued at $6,883,900. The disclosure for this purchase can be found here. 3.48% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of FIX. Public Employees Retirement System of Ohio boosted its holdings in Comfort Systems USA by 6.8% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 2,715 shares of the construction company’s stock valued at $101,000 after acquiring an additional 173 shares during the period. Riverhead Capital Management LLC boosted its holdings in Comfort Systems USA by 85.2% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,963 shares of the construction company’s stock valued at $110,000 after acquiring an additional 1,363 shares during the period. Ameritas Investment Partners Inc. purchased a new position in Comfort Systems USA during the 1st quarter valued at $117,000. Advisor Group Inc. boosted its holdings in Comfort Systems USA by 27.2% during the 2nd quarter. Advisor Group Inc. now owns 3,304 shares of the construction company’s stock valued at $122,000 after acquiring an additional 706 shares during the period. Finally, Victory Capital Management Inc. boosted its holdings in Comfort Systems USA by 11.5% during the 2nd quarter. Victory Capital Management Inc. now owns 5,257 shares of the construction company’s stock valued at $195,000 after acquiring an additional 542 shares during the period. Institutional investors own 92.50% of the company’s stock.

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Comfort Systems USA Company Profile

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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