Comfort Systems USA, Inc. (NYSE:FIX) – Research analysts at DA Davidson decreased their Q2 2019 earnings estimates for shares of Comfort Systems USA in a research note issued on Monday, April 29th, Zacks Investment Research reports. DA Davidson analyst B. Thielman now forecasts that the construction company will post earnings per share of $0.90 for the quarter, down from their prior forecast of $0.93. DA Davidson has a “Neutral” rating and a $57.00 price target on the stock. DA Davidson also issued estimates for Comfort Systems USA’s Q4 2019 earnings at $0.91 EPS.
Comfort Systems USA (NYSE:FIX) last posted its earnings results on Thursday, April 25th. The construction company reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.02). The company had revenue of $538.47 million for the quarter, compared to analysts’ expectations of $538.80 million. Comfort Systems USA had a return on equity of 23.00% and a net margin of 5.15%. The company’s revenue was up 15.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.44 EPS.
Shares of NYSE:FIX traded down $0.28 during trading on Wednesday, hitting $48.79. 249,829 shares of the company were exchanged, compared to its average volume of 239,120. The company has a market cap of $1.80 billion, a P/E ratio of 16.26, a P/E/G ratio of 1.45 and a beta of 1.32. Comfort Systems USA has a 52-week low of $41.14 and a 52-week high of $59.83. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.36 and a quick ratio of 1.33.
The business also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Monday, May 13th will be given a dividend of $0.10 per share. The ex-dividend date is Friday, May 10th. This represents a $0.40 annualized dividend and a dividend yield of 0.82%. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.10. Comfort Systems USA’s dividend payout ratio is currently 13.33%.
In related news, Director Alan Krusi sold 2,000 shares of the stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $53.49, for a total value of $106,980.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Brian E. Lane sold 21,122 shares of the stock in a transaction on Wednesday, February 27th. The stock was sold at an average price of $53.30, for a total value of $1,125,802.60. Following the completion of the sale, the insider now owns 219,968 shares in the company, valued at approximately $11,724,294.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 35,131 shares of company stock worth $1,870,220. Company insiders own 3.23% of the company’s stock.
Several hedge funds have recently modified their holdings of the stock. Vanguard Group Inc raised its position in shares of Comfort Systems USA by 9.2% in the third quarter. Vanguard Group Inc now owns 3,971,773 shares of the construction company’s stock worth $224,008,000 after buying an additional 334,921 shares in the last quarter. Vanguard Group Inc. raised its position in Comfort Systems USA by 9.2% during the third quarter. Vanguard Group Inc. now owns 3,971,773 shares of the construction company’s stock valued at $224,008,000 after purchasing an additional 334,921 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Comfort Systems USA by 1.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,584,643 shares of the construction company’s stock valued at $69,216,000 after purchasing an additional 20,036 shares in the last quarter. Norges Bank purchased a new stake in Comfort Systems USA during the fourth quarter valued at about $36,764,000. Finally, Westwood Holdings Group Inc. raised its position in Comfort Systems USA by 13.5% during the first quarter. Westwood Holdings Group Inc. now owns 656,929 shares of the construction company’s stock valued at $34,417,000 after purchasing an additional 78,062 shares in the last quarter. Institutional investors own 94.97% of the company’s stock.
About Comfort Systems USA
Comfort Systems USA, Inc provides mechanical installation, renovation, maintenance, repair, and replacement services for the mechanical services industry in the United States. It is involved in the design, engineering, integration, installation, and start-up of mechanical and related systems; and maintenance, repair, replacement, renovation, expansion, reconfiguration, and monitoring of mechanical systems, including heating, ventilation, and air conditioning (HVAC) systems, as well as plumbing, piping and controls, off-site construction, electrical, monitoring, and fire protection.
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