Equities research analysts forecast that Comfort Systems USA, Inc. (NYSE:FIX) will post $445.10 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Comfort Systems USA’s earnings. The lowest sales estimate is $435.00 million and the highest is $455.20 million. Comfort Systems USA posted sales of $380.59 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 16.9%. The firm is scheduled to report its next quarterly earnings results on Wednesday, April 25th.
According to Zacks, analysts expect that Comfort Systems USA will report full year sales of $445.10 million for the current financial year. For the next fiscal year, analysts forecast that the company will post sales of $2.11 billion per share, with estimates ranging from $2.07 billion to $2.15 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Comfort Systems USA.
Comfort Systems USA (NYSE:FIX) last posted its earnings results on Thursday, February 22nd. The construction company reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.06). The firm had revenue of $461.10 million for the quarter, compared to analyst estimates of $445.85 million. Comfort Systems USA had a net margin of 3.09% and a return on equity of 16.10%. The company’s revenue for the quarter was up 17.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.45 earnings per share.
A number of analysts have recently weighed in on FIX shares. Gilford Securities lowered shares of Comfort Systems USA from a “buy” rating to a “neutral” rating in a research note on Friday, November 10th. Zacks Investment Research raised shares of Comfort Systems USA from a “hold” rating to a “buy” rating and set a $48.00 price target for the company in a research note on Tuesday, February 27th. Finally, Guggenheim lowered shares of Comfort Systems USA from a “buy” rating to a “neutral” rating in a research note on Friday, November 10th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $58.00.
In other news, Director Alan Krusi sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $42.50, for a total value of $85,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Brian E. Lane sold 19,124 shares of the company’s stock in a transaction that occurred on Friday, March 2nd. The stock was sold at an average price of $40.26, for a total transaction of $769,932.24. The disclosure for this sale can be found here. Corporate insiders own 3.48% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in FIX. Public Employees Retirement System of Ohio raised its holdings in shares of Comfort Systems USA by 6.8% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 2,715 shares of the construction company’s stock worth $101,000 after purchasing an additional 173 shares in the last quarter. LS Investment Advisors LLC raised its holdings in shares of Comfort Systems USA by 119.1% in the 4th quarter. LS Investment Advisors LLC now owns 3,026 shares of the construction company’s stock worth $132,000 after purchasing an additional 1,645 shares in the last quarter. Magnetar Financial LLC bought a new stake in shares of Comfort Systems USA in the 3rd quarter worth approximately $202,000. FDx Advisors Inc. bought a new stake in shares of Comfort Systems USA in the 4th quarter worth approximately $208,000. Finally, Greenwood Capital Associates LLC bought a new stake in shares of Comfort Systems USA in the 4th quarter worth approximately $210,000. Institutional investors and hedge funds own 92.50% of the company’s stock.
Shares of Comfort Systems USA (NYSE:FIX) traded down $0.15 during trading hours on Wednesday, hitting $41.30. 4,514 shares of the stock were exchanged, compared to its average volume of 150,736. The firm has a market cap of $1,511.17, a price-to-earnings ratio of 23.63, a P/E/G ratio of 1.70 and a beta of 1.19. Comfort Systems USA has a 12 month low of $31.90 and a 12 month high of $44.80. The company has a current ratio of 1.31, a quick ratio of 1.28 and a debt-to-equity ratio of 0.14.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 23rd. Stockholders of record on Monday, March 12th will be paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date is Friday, March 9th. Comfort Systems USA’s dividend payout ratio is currently 20.41%.
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About Comfort Systems USA
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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