Latest Stocks: Brokerages Anticipate Comfort Systems USA, Inc. (FIX) Will Post Earnings of $0.51 Per Share

Latest Stocks: Brokerages Anticipate Comfort Systems USA, Inc. (FIX) Will Post Earnings of $0.51 Per Share

Equities research analysts forecast that Comfort Systems USA, Inc. (NYSE:FIX) will announce earnings per share (EPS) of $0.51 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Comfort Systems USA’s earnings. The lowest EPS estimate is $0.48 and the highest is $0.55. Comfort Systems USA posted earnings of $0.47 per share in the same quarter last year, which would suggest a positive year over year growth rate of 8.5%. The firm is expected to report its next earnings report on Thursday, July 27th.

According to Zacks, analysts expect that Comfort Systems USA will report full-year earnings of $1.85 per share for the current year. For the next financial year, analysts forecast that the firm will report earnings of $2.17 per share, with EPS estimates ranging from $2.00 to $2.35. 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 released its earnings results on Wednesday, April 26th. The construction company reported $0.20 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by $0.05. Comfort Systems USA had a return on equity of 17.22% and a net margin of 3.76%. The company had revenue of $380.60 million for the quarter, compared to analyst estimates of $405.43 million. During the same period in the previous year, the firm earned $0.26 earnings per share. The company’s revenue for the quarter was down 1.4% compared to the same quarter last year. FIX has been the subject of several recent research reports. Guggenheim initiated coverage on Comfort Systems USA in a report on Tuesday, April 11th. They issued a “buy” rating for the company. DA Davidson reiterated a “neutral” rating on shares of Comfort Systems USA in a report on Monday, February 27th. Jefferies Group LLC increased their price target on Comfort Systems USA from $80.00 to $83.00 and gave the company a “hold” rating in a report on Wednesday, May 3rd. Finally, Zacks Investment Research upgraded Comfort Systems USA from a “hold” rating to a “buy” rating and set a $43.00 price target for the company in a report on Tuesday, February 28th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $54.00.

In related news, Director Alan Krusi sold 3,000 shares of the stock in a transaction on Thursday, April 27th. The stock was sold at an average price of $36.22, for a total value of $108,660.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director James H. Schultz sold 10,000 shares of the stock in a transaction on Tuesday, February 28th. The shares were sold at an average price of $38.07, for a total value of $380,700.00. Following the completion of the sale, the director now owns 83,393 shares of the company’s stock, valued at $3,174,771.51. The disclosure for this sale can be found here. Over the last quarter, insiders purchased 9,000 shares of company stock valued at $329,175 and sold 68,165 shares valued at $2,497,772. 3.49% of the stock is currently owned by corporate insiders. Hedge funds have recently made changes to their positions in the stock. BlackRock Inc. increased its stake in shares of Comfort Systems USA by 63,201.2% in the first quarter. BlackRock Inc. now owns 5,067,895 shares of the construction company’s stock valued at $185,736,000 after buying an additional 5,059,889 shares in the last quarter. BlackRock Fund Advisors increased its stake in shares of Comfort Systems USA by 7.8% in the third quarter. BlackRock Fund Advisors now owns 2,521,604 shares of the construction company’s stock valued at $73,908,000 after buying an additional 182,910 shares in the last quarter. Allianz Asset Management AG increased its stake in shares of Comfort Systems USA by 16.7% in the fourth quarter. Allianz Asset Management AG now owns 1,524,815 shares of the construction company’s stock valued at $50,776,000 after buying an additional 218,560 shares in the last quarter. Royce & Associates LP increased its stake in shares of Comfort Systems USA by 118.6% in the fourth quarter. Royce & Associates LP now owns 1,500,356 shares of the construction company’s stock valued at $49,962,000 after buying an additional 813,960 shares in the last quarter. Finally, State Street Corp increased its stake in shares of Comfort Systems USA by 5.3% in the first quarter. State Street Corp now owns 891,060 shares of the construction company’s stock valued at $32,661,000 after buying an additional 45,139 shares in the last quarter. Hedge funds and other institutional investors own 93.99% of the company’s stock.

In related news, Director Alan Krusi sold 3,000 shares of the stock in a transaction on Thursday, April 27th. The stock was sold at an average price of $36.22, for a total value of $108,660.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director James H. Schultz sold 10,000 shares of the stock in a transaction on Tuesday, February 28th. The shares were sold at an average price of $38.07, for a total value of $380,700.00. Following the completion of the sale, the director now owns 83,393 shares of the company’s stock, valued at $3,174,771.51. The disclosure for this sale can be found here. Over the last quarter, insiders purchased 9,000 shares of company stock valued at $329,175 and sold 68,165 shares valued at $2,497,772. 3.49% of the stock is currently owned by corporate insiders. Comfort Systems USA (NYSE:FIX) traded down 0.28% on Wednesday, reaching $35.00. The company had a trading volume of 130,108 shares. The stock has a market capitalization of $1.30 billion, a P/E ratio of 21.07 and a beta of 1.28. Comfort Systems USA has a 12 month low of $26.05 and a 12 month high of $39.67. The firm has a 50-day moving average of $35.68 and a 200-day moving average of $34.25.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 23rd. Investors of record on Friday, May 12th will be issued a $0.075 dividend. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.07. This represents a $0.30 annualized dividend and a yield of 0.85%. The ex-dividend date is Wednesday, May 10th. Comfort Systems USA’s dividend payout ratio is currently 17.28%. About Comfort Systems USA

Comfort Systems USA, Inc is a provider of mechanical contracting services, which principally includes heating, ventilation and air conditioning (HVAC), plumbing, piping and controls, as well as off-site construction, electrical, monitoring and fire protection. As of December 31, 2016, the Company installed, maintained, repaired and replaced products and systems throughout its 35 operating units in 84 cities and 91 locations throughout the United States.

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