Comfort Systems USA (FIX) Set to Announce Quarterly Earnings on Thursday

Comfort Systems USA (NYSE:FIX) will be posting its quarterly earnings results after the market closes on Thursday, April 25th. Analysts expect Comfort Systems USA to post earnings of $2.26 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Comfort Systems USA (NYSE:FIX) last posted its earnings results on Friday, February 23rd. The construction company reported $2.55 earnings per share for the quarter, topping analysts’ consensus estimates of $2.15 by $0.40. Comfort Systems USA had a net margin of 6.21% and a return on equity of 26.99%. The firm had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.33 billion. During the same quarter in the previous year, the firm posted $1.54 earnings per share. The company’s revenue was up 21.5% on a year-over-year basis. On average, analysts expect Comfort Systems USA to post $11 EPS for the current fiscal year and $13 EPS for the next fiscal year.

Comfort Systems USA Stock Up 4.5 %

Shares of FIX opened at $308.47 on Wednesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.07 and a current ratio of 1.11. Comfort Systems USA has a 52 week low of $129.77 and a 52 week high of $335.25. The stock has a market capitalization of $11.01 billion, a price-to-earnings ratio of 34.27 and a beta of 1.19. The stock has a fifty day moving average of $299.79 and a 200-day moving average of $232.43.

Comfort Systems USA Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 19th. Shareholders of record on Friday, March 8th were issued a $0.25 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $1.00 dividend on an annualized basis and a yield of 0.32%. Comfort Systems USA’s payout ratio is presently 11.11%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. DA Davidson boosted their price target on Comfort Systems USA from $200.00 to $350.00 and gave the stock a “buy” rating in a report on Wednesday, February 28th. StockNews.com raised shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Thursday, April 4th. KeyCorp began coverage on shares of Comfort Systems USA in a research note on Wednesday, January 10th. They set a “sector weight” rating for the company. Finally, UBS Group boosted their price objective on shares of Comfort Systems USA from $208.00 to $254.00 and gave the stock a “neutral” rating in a research note on Thursday, February 15th.

Insider Buying and Selling

In other Comfort Systems USA news, insider Brian E. Lane sold 16,000 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $312.13, for a total transaction of $4,994,080.00. Following the completion of the transaction, the insider now owns 227,926 shares in the company, valued at approximately $71,142,542.38. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, Director Constance Ellen Skidmore sold 3,000 shares of the company’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $299.96, for a total transaction of $899,880.00. Following the sale, the director now owns 13,787 shares in the company, valued at approximately $4,135,548.52. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Brian E. Lane sold 16,000 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $312.13, for a total value of $4,994,080.00. Following the sale, the insider now directly owns 227,926 shares of the company’s stock, valued at approximately $71,142,542.38. The disclosure for this sale can be found here. Insiders have sold a total of 46,614 shares of company stock valued at $13,739,345 over the last ninety days. 1.80% of the stock is owned by company insiders.

Comfort Systems USA Company Profile

Comfort Systems USA, Inc, together with its subsidiaries, provides mechanical and electrical installation, renovation, maintenance, repair, and replacement services for the mechanical and electrical services industry in the United States. It operates through two segments, Mechanical and Electrical. The company offers heating, ventilation, and air conditioning systems, as well as plumbing, electrical, piping and controls, off-site construction, monitoring, and fire protection.