Q4 2022 EPS Estimates for Comfort Systems USA, Inc. (NYSE:FIX) Decreased by Analyst

Comfort Systems USA, Inc. (NYSE:FIXGet Rating) – Analysts at KeyCorp decreased their Q4 2022 earnings per share (EPS) estimates for Comfort Systems USA in a research report issued on Sunday, July 31st. KeyCorp analyst S. Eastman now anticipates that the construction company will post earnings per share of $1.29 for the quarter, down from their prior estimate of $1.31. The consensus estimate for Comfort Systems USA’s current full-year earnings is $4.85 per share.

Comfort Systems USA (NYSE:FIXGet Rating) last announced its earnings results on Wednesday, July 27th. The construction company reported $1.17 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.14. The company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $914.17 million. Comfort Systems USA had a return on equity of 18.99% and a net margin of 5.93%. The firm’s quarterly revenue was up 42.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.90 earnings per share.

A number of other equities analysts have also commented on the company. DA Davidson raised their price objective on Comfort Systems USA from $100.00 to $114.00 in a research note on Friday, July 29th. StockNews.com upgraded Comfort Systems USA from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 28th.

Comfort Systems USA Price Performance

Shares of NYSE FIX opened at $104.49 on Wednesday. The firm has a market cap of $3.74 billion, a P/E ratio of 17.77 and a beta of 1.23. The company has a current ratio of 1.28, a quick ratio of 1.25 and a debt-to-equity ratio of 0.45. Comfort Systems USA has a 1-year low of $67.91 and a 1-year high of $106.79. The business’s 50 day moving average is $87.93 and its 200-day moving average is $87.72.

Comfort Systems USA Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 29th. Shareholders of record on Thursday, August 18th will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date is Wednesday, August 17th. Comfort Systems USA’s dividend payout ratio is presently 9.52%.

Insider Buying and Selling at Comfort Systems USA

In other Comfort Systems USA news, Director Vance W. Tang sold 1,844 shares of the firm’s stock in a transaction on Monday, June 6th. The stock was sold at an average price of $92.34, for a total value of $170,274.96. Following the sale, the director now owns 28,797 shares of the company’s stock, valued at approximately $2,659,114.98. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Comfort Systems USA news, Director Vance W. Tang sold 1,844 shares of the firm’s stock in a transaction on Monday, June 6th. The stock was sold at an average price of $92.34, for a total value of $170,274.96. Following the sale, the director now owns 28,797 shares of the company’s stock, valued at approximately $2,659,114.98. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO William George III sold 16,371 shares of the firm’s stock in a transaction on Monday, August 1st. The shares were sold at an average price of $104.23, for a total value of $1,706,349.33. Following the sale, the chief financial officer now directly owns 49,931 shares in the company, valued at approximately $5,204,308.13. The disclosure for this sale can be found here. In the last quarter, insiders have sold 33,564 shares of company stock valued at $3,467,403. 2.48% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Comfort Systems USA

Several hedge funds have recently modified their holdings of the company. Maryland State Retirement & Pension System boosted its holdings in shares of Comfort Systems USA by 0.9% during the 2nd quarter. Maryland State Retirement & Pension System now owns 14,581 shares of the construction company’s stock valued at $1,212,000 after acquiring an additional 129 shares in the last quarter. Greenwood Capital Associates LLC boosted its holdings in shares of Comfort Systems USA by 1.1% during the 4th quarter. Greenwood Capital Associates LLC now owns 12,197 shares of the construction company’s stock valued at $1,207,000 after acquiring an additional 133 shares in the last quarter. Los Angeles Capital Management LLC boosted its holdings in shares of Comfort Systems USA by 2.5% during the 1st quarter. Los Angeles Capital Management LLC now owns 5,855 shares of the construction company’s stock valued at $521,000 after acquiring an additional 145 shares in the last quarter. Pitcairn Co. boosted its holdings in shares of Comfort Systems USA by 2.1% during the 4th quarter. Pitcairn Co. now owns 7,502 shares of the construction company’s stock valued at $742,000 after acquiring an additional 154 shares in the last quarter. Finally, M&T Bank Corp boosted its holdings in shares of Comfort Systems USA by 3.4% during the 4th quarter. M&T Bank Corp now owns 5,335 shares of the construction company’s stock valued at $528,000 after acquiring an additional 176 shares in the last quarter. Institutional investors and hedge funds own 96.09% of the company’s stock.

Comfort Systems USA Company Profile

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Comfort Systems USA, Inc provides mechanical and electrical installation, renovation, maintenance, repair, and replacement services for the mechanical and electrical services industry in the United States. It engages in the design, engineering, integration, installation, and start-up of mechanical, electrical, and plumbing (MEP) systems; and renovation, expansion, maintenance, monitoring, repair, and replacement of existing buildings.

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