KeyCorp Weighs in on Comfort Systems USA, Inc.’s Q2 2024 Earnings (NYSE:FIX)

Comfort Systems USA, Inc. (NYSE:FIX) – Research analysts at KeyCorp issued their Q2 2024 earnings per share (EPS) estimates for Comfort Systems USA in a research report issued on Tuesday, July 16th. KeyCorp analyst S. Jain forecasts that the construction company will earn $3.18 per share for the quarter. The consensus estimate for Comfort Systems USA’s current full-year earnings is $11.90 per share. KeyCorp also issued estimates for Comfort Systems USA’s Q3 2024 earnings at $3.55 EPS and Q4 2024 earnings at $3.18 EPS.

Separately, StockNews.com raised Comfort Systems USA from a “hold” rating to a “buy” rating in a research note on Wednesday, June 19th.

Comfort Systems USA Stock Performance

NYSE:FIX opened at $303.12 on Thursday. The firm has a market cap of $10.83 billion, a PE ratio of 30.01 and a beta of 1.15. Comfort Systems USA has a fifty-two week low of $151.89 and a fifty-two week high of $352.45. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.92 and a current ratio of 0.96. The business has a 50 day moving average price of $319.84 and a 200-day moving average price of $288.64.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings results on Thursday, April 25th. The construction company reported $2.69 EPS for the quarter, beating analysts’ consensus estimates of $2.26 by $0.43. Comfort Systems USA had a net margin of 6.51% and a return on equity of 28.65%. The business had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.48 billion. During the same period last year, the business earned $1.51 earnings per share. The business’s quarterly revenue was up 30.8% on a year-over-year basis.

Comfort Systems USA Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 24th. Investors of record on Monday, May 13th were paid a $0.30 dividend. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.25. The ex-dividend date was Friday, May 10th. This represents a $1.20 dividend on an annualized basis and a yield of 0.40%. Comfort Systems USA’s dividend payout ratio (DPR) is presently 11.88%.

Insider Buying and Selling

In other Comfort Systems USA news, Director Darcy Anderson sold 3,500 shares of the stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $344.90, for a total value of $1,207,150.00. Following the completion of the transaction, the director now owns 40,241 shares in the company, valued at $13,879,120.90. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, Director Vance W. Tang sold 988 shares of Comfort Systems USA stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $343.00, for a total value of $338,884.00. Following the completion of the sale, the director now directly owns 11,173 shares in the company, valued at approximately $3,832,339. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Darcy Anderson sold 3,500 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $344.90, for a total value of $1,207,150.00. Following the completion of the transaction, the director now directly owns 40,241 shares in the company, valued at $13,879,120.90. The disclosure for this sale can be found here. Insiders sold 7,961 shares of company stock valued at $2,622,664 over the last quarter. 1.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. V Square Quantitative Management LLC purchased a new position in Comfort Systems USA in the first quarter worth about $25,000. Byrne Asset Management LLC purchased a new position in shares of Comfort Systems USA during the 4th quarter valued at about $26,000. Opal Wealth Advisors LLC purchased a new position in shares of Comfort Systems USA during the 2nd quarter valued at about $41,000. Rise Advisors LLC purchased a new position in shares of Comfort Systems USA during the 1st quarter valued at about $44,000. Finally, Headlands Technologies LLC purchased a new position in shares of Comfort Systems USA during the 1st quarter valued at about $65,000. 96.51% of the stock is owned by hedge funds and other institutional investors.

About Comfort Systems USA

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.