Somewhat Positive Media Coverage Somewhat Unlikely to Affect Comfort Systems USA (FIX) Share Price
Media coverage about Comfort Systems USA (NYSE:FIX) has trended somewhat positive recently, according to Accern. Accern identifies positive and negative news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Comfort Systems USA earned a news impact score of 0.11 on Accern’s scale. Accern also gave media headlines about the construction company an impact score of 47.0435046474919 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
FIX has been the subject of a number of recent analyst reports. Jefferies Group LLC upped their target price on Comfort Systems USA from $80.00 to $83.00 and gave the company a “hold” rating in a report on Wednesday, May 3rd. Zacks Investment Research upgraded Comfort Systems USA from a “sell” rating to a “hold” rating in a report on Tuesday, June 27th. Finally, BidaskClub downgraded Comfort Systems USA from a “sell” rating to a “strong sell” rating in a report on Friday, June 23rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $63.00.
Comfort Systems USA (NYSE FIX) opened at 32.55 on Friday. Comfort Systems USA has a one year low of $26.05 and a one year high of $39.67. The company has a market cap of $1.21 billion, a P/E ratio of 19.60 and a beta of 1.26. The company’s 50 day moving average price is $35.41 and its 200-day moving average price is $35.34.
Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings results on Friday, July 28th. The construction company reported $0.48 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.49 by $0.01. Comfort Systems USA had a return on equity of 18.51% and a net margin of 3.86%. The business had revenue of $465.41 million for the quarter, compared to the consensus estimate of $462.06 million. During the same period in the prior year, the business posted $0.47 earnings per share. Comfort Systems USA’s revenue was up 8.9% on a year-over-year basis. On average, analysts forecast that Comfort Systems USA will post $1.76 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, August 25th. Investors of record on Monday, August 14th will be paid a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date of this dividend is Thursday, August 10th. Comfort Systems USA’s dividend payout ratio is currently 17.96%.
In other Comfort Systems USA news, Chairman Franklin Myers purchased 5,482 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The stock was purchased at an average cost of $33.58 per share, with a total value of $184,085.56. Following the purchase, the chairman now owns 205,000 shares of the company’s stock, valued at $6,883,900. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Alan Krusi sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $33.85, for a total value of $67,700.00. The disclosure for this sale can be found here. 3.49% of the stock is currently owned by company insiders.
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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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