What is Erste Group Bank’s Forecast for FIX FY2027 Earnings?

Comfort Systems USA, Inc. (NYSE:FIX) – Equities research analysts at Erste Group Bank increased their FY2027 earnings per share estimates for shares of Comfort Systems USA in a report released on Thursday, June 25th. Erste Group Bank analyst H. Engel now anticipates that the construction company will earn $53.94 per share for the year, up from their prior estimate of $52.21. Erste Group Bank has a “Buy” rating on the stock. The consensus estimate for Comfort Systems USA’s current full-year earnings is $43.39 per share.

Several other analysts also recently issued reports on FIX. Glj Research assumed coverage on shares of Comfort Systems USA in a research report on Monday, April 20th. They issued a “buy” rating and a $2,001.00 price target for the company. Zacks Research lowered shares of Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 26th. KeyCorp upgraded shares of Comfort Systems USA from a “sector weight” rating to an “overweight” rating and set a $2,004.00 price objective on the stock in a report on Friday, April 24th. UBS Group raised their price objective on shares of Comfort Systems USA from $1,992.00 to $2,125.00 and gave the company a “buy” rating in a research note on Monday, June 8th. Finally, Stifel Nicolaus lifted their price objective on shares of Comfort Systems USA from $1,611.00 to $1,819.00 and gave the company a “buy” rating in a report on Thursday, April 16th. Nine equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $1,991.50.

Comfort Systems USA Price Performance

Shares of NYSE:FIX opened at $1,981.31 on Wednesday. The company has a quick ratio of 1.21, a current ratio of 1.24 and a debt-to-equity ratio of 0.01. Comfort Systems USA has a twelve month low of $510.00 and a twelve month high of $2,073.99. The stock’s 50 day moving average is $1,879.47 and its 200-day moving average is $1,472.32. The firm has a market capitalization of $69.74 billion, a price-to-earnings ratio of 57.16 and a beta of 1.65.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings data on Thursday, April 23rd. The construction company reported $10.51 EPS for the quarter, beating analysts’ consensus estimates of $6.81 by $3.70. The firm had revenue of $2.87 billion during the quarter, compared to analysts’ expectations of $2.39 billion. Comfort Systems USA had a return on equity of 51.69% and a net margin of 12.07%.The company’s revenue for the quarter was up 56.5% compared to the same quarter last year. During the same quarter last year, the firm posted $4.75 earnings per share.

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Friday, May 15th were issued a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 0.2%. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.70. The ex-dividend date was Friday, May 15th. Comfort Systems USA’s dividend payout ratio is currently 9.23%.

Insiders Place Their Bets

In related news, insider Brian E. Lane sold 11,113 shares of the stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $1,969.84, for a total value of $21,890,831.92. Following the completion of the sale, the insider directly owned 161,089 shares of the company’s stock, valued at approximately $317,319,555.76. This represents a 6.45% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Julie Shaeff sold 1,123 shares of the firm’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $2,000.37, for a total value of $2,246,415.51. Following the transaction, the chief accounting officer owned 12,624 shares in the company, valued at approximately $25,252,670.88. This trade represents a 8.17% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 30,778 shares of company stock worth $59,746,124 in the last three months. 1.24% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ameriflex Group Inc. increased its stake in Comfort Systems USA by 100.0% in the 3rd quarter. Ameriflex Group Inc. now owns 30 shares of the construction company’s stock valued at $25,000 after buying an additional 15 shares during the last quarter. Core Wealth Advisors LLC bought a new position in shares of Comfort Systems USA during the 4th quarter worth approximately $28,000. CENTRAL TRUST Co purchased a new position in shares of Comfort Systems USA in the 1st quarter worth approximately $46,000. Ascentis Independent Advisors purchased a new position in shares of Comfort Systems USA in the 1st quarter worth approximately $46,000. Finally, Brown Lisle Cummings Inc. purchased a new position in shares of Comfort Systems USA in the 1st quarter worth approximately $47,000. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

Comfort Systems USA Company Profile

Comfort Systems USA, Inc is a U.S.-based mechanical contracting company that provides a range of heating, ventilation and air conditioning (HVAC) services to commercial, industrial and institutional customers. The company focuses on the design, installation, maintenance and repair of HVAC systems, and it supports projects from initial engineering and system selection through long-term service agreements and upgrades.

Its service offerings include new construction and retrofit installations, preventive and corrective maintenance, emergency repair, energy management and building automation systems.