Comfort Systems USA (NYSE:FIX) Announces Quarterly Earnings Results, Beats Expectations By $2.08 EPS

Comfort Systems USA (NYSE:FIX) issued its quarterly earnings data on Thursday. The construction company reported $12.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $10.45 by $2.08, FiscalAI reports. Comfort Systems USA had a net margin of 12.07% and a return on equity of 51.69%. The firm had revenue of $3.27 billion during the quarter, compared to analysts’ expectations of $2.99 billion.

Comfort Systems USA Stock Performance

FIX traded up $39.02 during trading hours on Thursday, hitting $1,830.08. The stock had a trading volume of 726,923 shares, compared to its average volume of 450,320. Comfort Systems USA has a 1 year low of $543.24 and a 1 year high of $2,073.99. The company’s fifty day simple moving average is $1,845.31 and its 200 day simple moving average is $1,561.72. The stock has a market cap of $64.42 billion, a PE ratio of 52.80 and a beta of 1.66. The company has a quick ratio of 1.21, a current ratio of 1.24 and a debt-to-equity ratio of 0.01.

Insider Activity at Comfort Systems USA

In other Comfort Systems USA news, Director Rhoman J. Hardy sold 342 shares of the business’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $1,900.08, for a total transaction of $649,827.36. Following the sale, the director owned 1,890 shares of the company’s stock, valued at $3,591,151.20. The trade was a 15.32% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO William George III sold 1,000 shares of the stock in a transaction on Monday, May 11th. The stock was sold at an average price of $2,020.96, for a total value of $2,020,960.00. Following the sale, the chief financial officer owned 32,804 shares in the company, valued at approximately $66,295,571.84. This represents a 2.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 30,778 shares of company stock worth $59,746,124 in the last ninety days. Insiders own 1.24% of the company’s stock.

Institutional Investors Weigh In On Comfort Systems USA

Hedge funds and other institutional investors have recently modified their holdings of the stock. Kemnay Advisory Services Inc. purchased a new position in shares of Comfort Systems USA during the 4th quarter valued at $33,000. DV Equities LLC purchased a new stake in shares of Comfort Systems USA in the fourth quarter worth $46,000. Towarzystwo Funduszy Inwestycyjnych PZU SA bought a new stake in Comfort Systems USA during the fourth quarter valued at $47,000. Summit Securities Group LLC bought a new stake in Comfort Systems USA during the fourth quarter valued at $49,000. Finally, Wexford Capital LP purchased a new position in Comfort Systems USA during the third quarter worth about $53,000. 96.51% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on FIX. The Goldman Sachs Group started coverage on Comfort Systems USA in a research report on Thursday, July 9th. They issued a “buy” rating and a $2,159.00 price target for the company. Weiss Ratings reissued a “buy (b)” rating on shares of Comfort Systems USA in a research report on Friday, July 17th. UBS Group boosted their price target on shares of Comfort Systems USA from $1,992.00 to $2,125.00 and gave the stock a “buy” rating in a report on Monday, June 8th. 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. Finally, Erste Group Bank lowered shares of Comfort Systems USA from a “buy” rating to a “hold” rating in a research note on Wednesday, July 15th. Nine research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $2,015.43.

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.