Comfort Systems USA (NYSE:FIX) Issues Earnings Results

Comfort Systems USA (NYSE:FIX) posted its quarterly earnings data on Thursday. The construction company reported $9.37 earnings per share for the quarter, beating the consensus estimate of $6.75 by $2.62, FiscalAI reports. Comfort Systems USA had a net margin of 10.06% and a return on equity of 43.59%. The firm had revenue of $2.65 billion during the quarter, compared to analysts’ expectations of $2.34 billion. During the same quarter last year, the company posted $4.09 EPS. The company’s quarterly revenue was up 41.7% compared to the same quarter last year.

Comfort Systems USA Trading Up 4.2%

FIX opened at $1,375.17 on Friday. The firm’s fifty day moving average is $1,097.15 and its two-hundred day moving average is $925.73. The firm has a market cap of $48.50 billion, a PE ratio of 58.22 and a beta of 1.67. Comfort Systems USA has a twelve month low of $276.44 and a twelve month high of $1,399.00. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.20 and a current ratio of 1.22.

Comfort Systems USA Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 17th. Shareholders of record on Friday, March 6th will be paid a $0.70 dividend. The ex-dividend date of this dividend is Friday, March 6th. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.60. This represents a $2.80 annualized dividend and a yield of 0.2%. Comfort Systems USA’s payout ratio is currently 10.16%.

Insider Activity at Comfort Systems USA

In other Comfort Systems USA news, SVP Laura Finley Howell sold 1,000 shares of the business’s stock in a transaction dated Thursday, December 4th. The stock was sold at an average price of $996.16, for a total value of $996,160.00. Following the completion of the transaction, the senior vice president directly owned 7,938 shares of the company’s stock, valued at approximately $7,907,518.08. The trade was a 11.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO William George III sold 4,370 shares of the firm’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $958.88, for a total value of $4,190,305.60. Following the sale, the chief financial officer directly owned 39,824 shares in the company, valued at approximately $38,186,437.12. This represents a 9.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 12,528 shares of company stock worth $11,972,106 in the last quarter. Corporate insiders own 1.59% of the company’s stock.

Institutional Trading of Comfort Systems USA

A number of large investors have recently bought and sold shares of FIX. NewEdge Advisors LLC lifted its position in Comfort Systems USA by 41.1% in the 1st quarter. NewEdge Advisors LLC now owns 3,412 shares of the construction company’s stock valued at $1,100,000 after acquiring an additional 993 shares in the last quarter. Focus Partners Wealth boosted its position in shares of Comfort Systems USA by 110.6% during the first quarter. Focus Partners Wealth now owns 2,300 shares of the construction company’s stock worth $741,000 after buying an additional 1,208 shares during the period. Sivia Capital Partners LLC grew its holdings in shares of Comfort Systems USA by 40.9% during the second quarter. Sivia Capital Partners LLC now owns 1,079 shares of the construction company’s stock worth $579,000 after buying an additional 313 shares in the last quarter. WINTON GROUP Ltd acquired a new stake in Comfort Systems USA in the 2nd quarter valued at approximately $567,000. Finally, Sei Investments Co. lifted its stake in Comfort Systems USA by 69.2% in the 2nd quarter. Sei Investments Co. now owns 43,631 shares of the construction company’s stock valued at $23,395,000 after acquiring an additional 17,839 shares in the last quarter. 96.51% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on FIX shares. Wall Street Zen lowered shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 3rd. Stifel Nicolaus boosted their target price on Comfort Systems USA from $1,155.00 to $1,196.00 and gave the stock a “buy” rating in a research report on Monday, January 26th. Zacks Research cut Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a report on Friday, December 26th. UBS Group reissued a “buy” rating and set a $1,310.00 price objective on shares of Comfort Systems USA in a report on Monday, February 2nd. Finally, DA Davidson reaffirmed a “buy” rating and issued a $1,200.00 target price on shares of Comfort Systems USA in a research note on Friday, December 19th. Six investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,064.50.

Comfort Systems USA Company Profile

Comfort Systems USA, Inc is a U.S.-based mechanical contracting company that provides a range of heating, ventilation and air conditioning (HVAC) services to commercial, industrial and institutional customers. The company focuses on the design, installation, maintenance and repair of HVAC systems, and it supports projects from initial engineering and system selection through long-term service agreements and upgrades.

Its service offerings include new construction and retrofit installations, preventive and corrective maintenance, emergency repair, energy management and building automation systems.