Brokerages expect Comfort Systems USA, Inc. (NYSE:FIX) to report sales of $707.44 million for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Comfort Systems USA’s earnings, with estimates ranging from $691.20 million to $723.68 million. Comfort Systems USA posted sales of $594.54 million in the same quarter last year, which suggests a positive year-over-year growth rate of 19%. The firm is scheduled to issue its next quarterly earnings report on Thursday, October 24th.
On average, analysts expect that Comfort Systems USA will report full-year sales of $2.61 billion for the current year, with estimates ranging from $2.59 billion to $2.63 billion. For the next financial year, analysts forecast that the company will report sales of $2.79 billion, with estimates ranging from $2.71 billion to $2.88 billion. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Comfort Systems USA.
Comfort Systems USA (NYSE:FIX) last released its earnings results on Thursday, July 25th. The construction company reported $0.65 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.21). Comfort Systems USA had a return on equity of 21.15% and a net margin of 4.54%. The company had revenue of $650.30 million during the quarter, compared to analysts’ expectations of $676.49 million. During the same period last year, the firm posted $0.79 EPS. Comfort Systems USA’s quarterly revenue was up 21.6% compared to the same quarter last year.
In other Comfort Systems USA news, CFO William George III purchased 2,500 shares of Comfort Systems USA stock in a transaction on Monday, July 29th. The stock was bought at an average cost of $41.39 per share, with a total value of $103,475.00. Following the transaction, the chief financial officer now owns 55,462 shares of the company’s stock, valued at approximately $2,295,572.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Franklin Myers purchased 5,500 shares of Comfort Systems USA stock in a transaction on Thursday, August 1st. The shares were acquired at an average cost of $41.89 per share, with a total value of $230,395.00. Following the completion of the transaction, the chairman now directly owns 250,000 shares in the company, valued at approximately $10,472,500. The disclosure for this purchase can be found here. Insiders have acquired a total of 11,238 shares of company stock valued at $490,834 over the last three months. 3.23% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of FIX. Quadrant Capital Group LLC grew its stake in shares of Comfort Systems USA by 2,054.9% during the 1st quarter. Quadrant Capital Group LLC now owns 1,099 shares of the construction company’s stock worth $56,000 after purchasing an additional 1,048 shares during the period. Dimensional Fund Advisors LP grew its stake in Comfort Systems USA by 1.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,584,643 shares of the construction company’s stock valued at $69,216,000 after acquiring an additional 20,036 shares during the period. Huntington National Bank grew its stake in Comfort Systems USA by 46.1% in the 2nd quarter. Huntington National Bank now owns 1,062 shares of the construction company’s stock valued at $54,000 after acquiring an additional 335 shares during the period. Mason Street Advisors LLC grew its stake in Comfort Systems USA by 2.6% in the 1st quarter. Mason Street Advisors LLC now owns 11,841 shares of the construction company’s stock valued at $620,000 after acquiring an additional 304 shares during the period. Finally, Norges Bank acquired a new stake in Comfort Systems USA in the 4th quarter valued at $36,764,000. 92.36% of the stock is owned by institutional investors.
Shares of FIX stock traded up $0.11 during mid-day trading on Monday, hitting $37.85. The company had a trading volume of 6,890 shares, compared to its average volume of 431,690. Comfort Systems USA has a 52-week low of $37.22 and a 52-week high of $59.83. The company has a 50 day simple moving average of $47.48. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.38 and a quick ratio of 1.35. The stock has a market capitalization of $1.43 billion, a P/E ratio of 12.60, a P/E/G ratio of 1.45 and a beta of 1.33.
The firm also recently declared a quarterly dividend, which will be paid on Friday, August 23rd. Shareholders of record on Monday, August 12th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date of this dividend is Friday, August 9th. Comfort Systems USA’s dividend payout ratio is presently 13.33%.
About Comfort Systems USA
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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