Comfort Systems USA, Inc. (FIX) Expected to Post Earnings of $0.86 Per Share
Analysts expect Comfort Systems USA, Inc. (NYSE:FIX) to report earnings of $0.86 per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Comfort Systems USA’s earnings, with estimates ranging from $0.82 to $0.90. Comfort Systems USA posted earnings per share of $0.79 during the same quarter last year, which indicates a positive year over year growth rate of 8.9%. The company is expected to announce its next earnings report on Thursday, July 25th.
On average, analysts expect that Comfort Systems USA will report full year earnings of $3.34 per share for the current year, with EPS estimates ranging from $3.16 to $3.52. For the next financial year, analysts expect that the firm will report earnings of $3.55 per share, with EPS estimates ranging from $3.30 to $3.80. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that cover Comfort Systems USA.
Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings data on Thursday, April 25th. The construction company reported $0.53 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by ($0.02). Comfort Systems USA had a return on equity of 23.00% and a net margin of 5.15%. The firm had revenue of $538.47 million during the quarter, compared to the consensus estimate of $538.80 million. During the same period in the previous year, the firm earned $0.44 EPS. The business’s revenue was up 15.8% on a year-over-year basis.
Shares of FIX traded up $0.52 during trading hours on Friday, hitting $49.07. The stock had a trading volume of 4,685 shares, compared to its average volume of 238,289. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.36 and a quick ratio of 1.33. Comfort Systems USA has a 12 month low of $41.14 and a 12 month high of $59.83. The firm has a market capitalization of $1.81 billion, a P/E ratio of 16.37, a PEG ratio of 1.42 and a beta of 1.32.
The business also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Monday, May 13th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, May 10th. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.10. This represents a $0.40 annualized dividend and a yield of 0.82%. Comfort Systems USA’s payout ratio is 13.33%.
In related news, Director Alan Krusi sold 2,000 shares of Comfort Systems USA stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $53.49, for a total transaction of $106,980.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman Franklin Myers bought 4,500 shares of the stock in a transaction that occurred on Monday, April 29th. The shares were bought at an average price of $53.61 per share, for a total transaction of $241,245.00. Following the completion of the transaction, the chairman now directly owns 239,500 shares of the company’s stock, valued at approximately $12,839,595. The disclosure for this purchase can be found here. Insiders have sold 35,131 shares of company stock worth $1,870,220 over the last quarter. 3.23% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Norges Bank purchased a new stake in shares of Comfort Systems USA during the 4th quarter valued at $36,764,000. Vanguard Group Inc. raised its stake in Comfort Systems USA by 9.2% during the third quarter. Vanguard Group Inc. now owns 3,971,773 shares of the construction company’s stock worth $224,008,000 after purchasing an additional 334,921 shares during the period. Epoch Investment Partners Inc. purchased a new position in Comfort Systems USA during the fourth quarter worth approximately $10,991,000. American Century Companies Inc. purchased a new position in Comfort Systems USA during the fourth quarter worth approximately $6,144,000. Finally, JPMorgan Chase & Co. raised its stake in Comfort Systems USA by 103.0% during the first quarter. JPMorgan Chase & Co. now owns 255,736 shares of the construction company’s stock worth $13,397,000 after purchasing an additional 129,772 shares during the period. Institutional investors own 94.97% of the company’s stock.
Comfort Systems USA Company Profile
Comfort Systems USA, Inc provides mechanical installation, renovation, maintenance, repair, and replacement services for the mechanical services industry in the United States. It is involved in the design, engineering, integration, installation, and start-up of mechanical and related systems; and maintenance, repair, replacement, renovation, expansion, reconfiguration, and monitoring of mechanical systems, including heating, ventilation, and air conditioning (HVAC) systems, as well as plumbing, piping and controls, off-site construction, electrical, monitoring, and fire protection.
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