KeyCorp Equities Analysts Increase Earnings Estimates for Comfort Systems USA, Inc. (NYSE:FIX)

Comfort Systems USA, Inc. (NYSE:FIX) – Analysts at KeyCorp lifted their Q3 2020 earnings estimates for shares of Comfort Systems USA in a research note issued on Tuesday, July 28th. KeyCorp analyst S. Eastman now forecasts that the construction company will post earnings per share of $1.09 for the quarter, up from their prior forecast of $0.73. KeyCorp also issued estimates for Comfort Systems USA’s Q4 2020 earnings at $0.84 EPS, FY2020 earnings at $3.49 EPS and FY2021 earnings at $3.33 EPS.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings results on Monday, July 27th. The construction company reported $1.08 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.63. Comfort Systems USA had a return on equity of 21.07% and a net margin of 4.44%. The business had revenue of $743.50 million for the quarter, compared to the consensus estimate of $692.90 million. During the same quarter last year, the business posted $0.65 earnings per share. The company’s revenue for the quarter was up 14.3% on a year-over-year basis.

A number of other research firms also recently weighed in on FIX. TheStreet upgraded Comfort Systems USA from a “c” rating to a “b-” rating in a research report on Wednesday, June 24th. Sidoti raised their price target on Comfort Systems USA from $31.00 to $40.00 and gave the company a “neutral” rating in a research report on Tuesday, June 2nd. ValuEngine downgraded Comfort Systems USA from a “hold” rating to a “sell” rating in a research report on Tuesday, July 28th. DA Davidson lifted their price objective on Comfort Systems USA from $32.00 to $45.00 in a report on Wednesday. Finally, Zacks Investment Research upgraded Comfort Systems USA from a “hold” rating to a “strong-buy” rating and set a $56.00 price objective on the stock in a report on Friday. One analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $47.00.

NYSE FIX opened at $49.71 on Friday. The stock’s 50-day simple moving average is $40.19 and its two-hundred day simple moving average is $39.77. Comfort Systems USA has a twelve month low of $27.54 and a twelve month high of $53.29. The company has a quick ratio of 1.45, a current ratio of 1.16 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $1.81 billion, a price-to-earnings ratio of 14.37 and a beta of 1.07.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 25th. Stockholders of record on Friday, August 14th will be issued a $0.105 dividend. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $0.42 annualized dividend and a dividend yield of 0.84%. Comfort Systems USA’s dividend payout ratio is currently 14.00%.

In related news, insider Brian E. Lane sold 19,476 shares of the business’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $42.71, for a total transaction of $831,819.96. Following the transaction, the insider now owns 266,967 shares in the company, valued at approximately $11,402,160.57. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Vance W. Tang purchased 10,000 shares of Comfort Systems USA stock in a transaction that occurred on Monday, May 4th. The shares were acquired at an average price of $31.94 per share, for a total transaction of $319,400.00. Following the acquisition, the director now owns 30,871 shares in the company, valued at $986,019.74. The disclosure for this purchase can be found here. In the last quarter, insiders bought 14,115 shares of company stock worth $444,269. Company insiders own 3.23% of the company’s stock.

Large investors have recently made changes to their positions in the stock. Private Capital Group LLC increased its holdings in Comfort Systems USA by 51.5% during the 1st quarter. Private Capital Group LLC now owns 1,432 shares of the construction company’s stock valued at $52,000 after purchasing an additional 487 shares during the period. Point72 Asset Management L.P. bought a new stake in Comfort Systems USA during the 4th quarter valued at approximately $70,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Comfort Systems USA by 55.7% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,398 shares of the construction company’s stock valued at $124,000 after acquiring an additional 1,216 shares in the last quarter. First Quadrant L P CA bought a new stake in Comfort Systems USA during the 1st quarter valued at approximately $136,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Comfort Systems USA by 25.6% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,267 shares of the construction company’s stock valued at $174,000 after acquiring an additional 869 shares in the last quarter. Institutional investors own 92.40% of the company’s stock.

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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