Comfort Systems USA (NYSE:FIX) Releases Earnings Results, Beats Estimates By $1.06 EPS

Comfort Systems USA (NYSE:FIX) released its earnings results on Thursday. The construction company reported $13.91 earnings per share for the quarter, beating the consensus estimate of $12.85 by $1.06, FiscalAI reports. The firm had revenue of $3.77 billion for the quarter, compared to the consensus estimate of $3.40 billion. Comfort Systems USA had a return on equity of 53.55% and a net margin of 12.77%.

Comfort Systems USA Stock Performance

Shares of FIX stock traded down $127.98 during mid-day trading on Thursday, reaching $1,273.29. The stock had a trading volume of 856,920 shares, compared to its average volume of 434,869. The business’s fifty day moving average is $1,626.01 and its 200-day moving average is $1,732.35. The company has a current ratio of 1.21, a quick ratio of 1.19 and a debt-to-equity ratio of 0.02. The firm has a market cap of $44.81 billion, a price-to-earnings ratio of 31.32 and a beta of 1.66. Comfort Systems USA has a 1-year low of $791.36 and a 1-year high of $2,073.99.

Insider Activity at Comfort Systems USA

In other Comfort Systems USA news, insider Brian E. Lane sold 16,024 shares of the company’s stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $1,608.21, for a total value of $25,769,957.04. Following the sale, the insider owned 145,065 shares in the company, valued at approximately $233,294,983.65. This represents a 9.95% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Franklin Myers sold 4,000 shares of Comfort Systems USA stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $1,693.92, for a total transaction of $6,775,680.00. Following the transaction, the director directly owned 8,495 shares of the company’s stock, valued at approximately $14,389,850.40. This trade represents a 32.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 26,078 shares of company stock worth $43,211,828 over the last quarter. Insiders own 1.24% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. DA Davidson assumed coverage on shares of Comfort Systems USA in a report on Friday, August 21st. They set a “buy” rating and a $2,100.00 price target on the stock. Weiss Ratings upgraded Comfort Systems USA from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, October 8th. KeyCorp upped their price objective on Comfort Systems USA from $2,110.00 to $2,125.00 and gave the company an “overweight” rating in a research report on Thursday, October 15th. Erste Group Bank downgraded Comfort Systems USA from a “buy” rating to a “hold” rating in a research report on Wednesday, July 15th. Finally, The Goldman Sachs Group set a $1,875.00 price target on shares of Comfort Systems USA in a report on Tuesday. Eight investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Comfort Systems USA presently has a consensus rating of “Moderate Buy” and an average target price of $2,044.43.

About Comfort Systems USA

Comfort Systems USA, Inc (NYSE:FIX) is a provider of mechanical and electrical contracting services for commercial, industrial, and institutional customers. The company designs, installs, maintains, repairs, and replaces heating, ventilation, air conditioning, and temperature-control systems, as well as plumbing, piping, electrical, and related building systems.

Its services support new construction, building renovations, facility upgrades, and ongoing maintenance. Comfort Systems USA also provides specialized services for data centers, manufacturing facilities, healthcare buildings, educational institutions, and other complex commercial and industrial projects.

Founded in 1997 and headquartered in Houston, Texas, the company operates through a network of regional contracting businesses serving customers across the United States.