Comfort Systems USA (NYSE:FIX) Posts Earnings Results, Beats Estimates By $2.60 EPS

Comfort Systems USA (NYSE:FIX) released its quarterly earnings data on Thursday. The construction company reported $9.37 EPS for the quarter, topping analysts’ consensus estimates of $6.77 by $2.60, FiscalAI reports. The firm had revenue of $2.65 billion during the quarter, compared to analysts’ expectations of $2.34 billion. Comfort Systems USA had a net margin of 10.06% and a return on equity of 43.59%.

Comfort Systems USA Stock Performance

Shares of NYSE:FIX traded up $56.18 during midday trading on Thursday, reaching $1,375.65. 640,099 shares of the company traded hands, compared to its average volume of 406,925. Comfort Systems USA has a 12 month low of $276.44 and a 12 month high of $1,399.00. The firm’s fifty day moving average price is $1,090.14 and its two-hundred day moving average price is $922.59. The company has a quick ratio of 1.20, a current ratio of 1.22 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $48.52 billion, a price-to-earnings ratio of 58.24 and a beta of 1.67.

Analyst Ratings Changes

A number of brokerages recently issued reports on FIX. DA Davidson reissued a “buy” rating and set a $1,200.00 price target on shares of Comfort Systems USA in a research report on Friday, December 19th. Weiss Ratings reiterated a “buy (b)” rating on shares of Comfort Systems USA in a report on Wednesday, January 21st. Zacks Research lowered shares of Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a report on Friday, December 26th. UBS Group reaffirmed a “buy” rating and set a $1,310.00 target price on shares of Comfort Systems USA in a report on Monday, February 2nd. Finally, Wall Street Zen lowered shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 3rd. Six research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Comfort Systems USA currently has an average rating of “Moderate Buy” and a consensus target price of $1,064.50.

Insider Activity

In related news, SVP Laura Finley Howell sold 1,000 shares of Comfort Systems USA stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $996.16, for a total transaction of $996,160.00. Following the completion of the sale, the senior vice president owned 7,938 shares of the company’s stock, valued at approximately $7,907,518.08. This trade represents a 11.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO William George III sold 4,370 shares of the business’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $958.88, for a total transaction of $4,190,305.60. Following the completion of the transaction, the chief financial officer directly owned 39,824 shares of the company’s stock, 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 12,528 shares of company stock worth $11,972,106 in the last three months. Corporate insiders own 1.59% of the company’s stock.

Institutional Trading of Comfort Systems USA

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FIX. Kemnay Advisory Services Inc. purchased a new position in shares of Comfort Systems USA during the fourth quarter valued at approximately $33,000. DV Equities LLC purchased a new stake in shares of Comfort Systems USA during the fourth quarter valued at $46,000. Towarzystwo Funduszy Inwestycyjnych PZU SA bought a new stake in shares of Comfort Systems USA in the fourth quarter worth approximately $47,000. Summit Securities Group LLC bought a new stake in Comfort Systems USA in the 4th quarter worth approximately $49,000. Finally, Wexford Capital LP bought a new stake in shares of Comfort Systems USA in the third quarter worth $53,000. Hedge funds and other institutional investors own 96.51% of the company’s stock.

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.