Erste Group Bank Brokers Decrease Earnings Estimates for FIX

Comfort Systems USA, Inc. (NYSE:FIX) – Erste Group Bank cut their FY2027 earnings per share (EPS) estimates for Comfort Systems USA in a research note issued to investors on Thursday, August 27th. Erste Group Bank analyst H. Engel now forecasts that the construction company will post earnings of $61.49 per share for the year, down from their previous estimate of $61.58. Erste Group Bank has a “Hold” rating on the stock. The consensus estimate for Comfort Systems USA’s current full-year earnings is $47.20 per share.

Other equities research analysts have also recently issued reports about the stock. KeyCorp raised their price target on shares of Comfort Systems USA from $2,004.00 to $2,110.00 and gave the stock an “overweight” rating in a report on Monday, July 27th. UBS Group set a $2,100.00 price objective on shares of Comfort Systems USA in a report on Thursday, August 20th. Wall Street Zen cut shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 10th. DA Davidson initiated coverage on Comfort Systems USA in a research note on Friday, August 21st. They issued a “buy” rating and a $2,100.00 target price for the company. Finally, Oppenheimer assumed coverage on Comfort Systems USA in a research report on Thursday, May 28th. They issued an “outperform” rating and a $2,200.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $2,082.86.

Comfort Systems USA Stock Performance

NYSE:FIX opened at $1,548.52 on Tuesday. The company has a quick ratio of 1.19, a current ratio of 1.21 and a debt-to-equity ratio of 0.02. Comfort Systems USA has a twelve month low of $670.19 and a twelve month high of $2,073.99. The company has a fifty day moving average of $1,736.85 and a 200-day moving average of $1,674.09. The firm has a market capitalization of $54.49 billion, a P/E ratio of 38.08 and a beta of 1.69.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings results on Thursday, July 23rd. The construction company reported $12.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $10.45 by $2.08. The firm had revenue of $3.27 billion for the quarter, compared to analysts’ expectations of $2.99 billion. Comfort Systems USA had a return on equity of 53.55% and a net margin of 12.77%.The company’s revenue for the quarter was up 50.3% compared to the same quarter last year. During the same period in the prior year, the business earned $6.53 EPS.

Comfort Systems USA Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 24th. Investors of record on Thursday, August 13th were given a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Thursday, August 13th. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.80. Comfort Systems USA’s payout ratio is 8.85%.

Insider Buying and Selling at Comfort Systems USA

In other Comfort Systems USA news, Director Franklin Myers sold 4,000 shares of the business’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $1,693.92, for a total transaction of $6,775,680.00. Following the completion of the sale, the director owned 8,495 shares in the company, valued at approximately $14,389,850.40. The trade was a 32.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO William George III sold 2,554 shares of the company’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $1,859.65, for a total transaction of $4,749,546.10. Following the transaction, the chief financial officer owned 30,250 shares in the company, valued at approximately $56,254,412.50. The trade was a 7.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 32,778 shares of company stock worth $56,306,777. 1.24% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Comfort Systems USA

A number of institutional investors and hedge funds have recently made changes to their positions in FIX. California State Teachers Retirement System boosted its stake in Comfort Systems USA by 189,725.5% during the 2nd quarter. California State Teachers Retirement System now owns 103,029,689 shares of the construction company’s stock valued at $204,199,692,000 after purchasing an additional 102,975,413 shares during the last quarter. BlackRock Inc. purchased a new stake in shares of Comfort Systems USA in the second quarter worth approximately $6,734,037,000. State Street Corp raised its stake in shares of Comfort Systems USA by 35.6% in the fourth quarter. State Street Corp now owns 1,428,674 shares of the construction company’s stock worth $1,333,367,000 after purchasing an additional 375,118 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Comfort Systems USA by 39.0% in the fourth quarter. Geode Capital Management LLC now owns 1,185,909 shares of the construction company’s stock valued at $1,103,453,000 after purchasing an additional 332,441 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of Comfort Systems USA by 7.4% in the third quarter. Invesco Ltd. now owns 1,064,560 shares of the construction company’s stock valued at $878,454,000 after purchasing an additional 73,727 shares in the last quarter. Institutional investors and hedge funds own 96.51% of the company’s stock.

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.