Comfort Systems USA, Inc. (NYSE:FIX) – Analysts at KeyCorp boosted their FY2017 earnings per share (EPS) estimates for Comfort Systems USA in a note issued to investors on Monday. KeyCorp analyst T. Afzal now expects that the construction company will post earnings per share of $1.79 for the year, up from their prior forecast of $1.74.
Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings results on Thursday, October 26th. The construction company reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.02. Comfort Systems USA had a return on equity of 16.49% and a net margin of 3.76%. The company had revenue of $480.85 million for the quarter, compared to the consensus estimate of $469.53 million. During the same quarter in the prior year, the business posted $0.54 EPS. The firm’s quarterly revenue was up 12.1% compared to the same quarter last year. ILLEGAL ACTIVITY NOTICE: “KeyCorp Comments on Comfort Systems USA, Inc.’s FY2017 Earnings (FIX)” was originally published by Community Financial News and is the property of of Community Financial News. If you are viewing this piece on another publication, it was copied illegally and republished in violation of US and international trademark & copyright legislation. The original version of this piece can be read at https://www.com-unik.info/2017/11/02/keycorp-comments-on-comfort-systems-usa-inc-s-fy2017-earnings-fix.html.
A number of other equities analysts also recently issued reports on the company. Zacks Investment Research raised Comfort Systems USA from a “sell” rating to a “hold” rating in a research report on Wednesday. DA Davidson upped their price target on Comfort Systems USA to $43.00 and gave the stock a “neutral” rating in a research report on Monday. Finally, BidaskClub raised Comfort Systems USA from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $63.00.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 21st. Stockholders of record on Friday, November 10th will be given a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date of this dividend is Thursday, November 9th. Comfort Systems USA’s payout ratio is presently 17.44%.
In other news, Director Darcy Anderson sold 10,000 shares of the business’s stock in a transaction on Monday, October 30th. The shares were sold at an average price of $42.75, for a total transaction of $427,500.00. Following the sale, the director now directly owns 42,352 shares of the company’s stock, valued at $1,810,548. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Julie Shaeff sold 15,905 shares of the business’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $42.65, for a total transaction of $678,348.25. Following the sale, the insider now directly owns 35,472 shares in the company, valued at $1,512,880.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 27,905 shares of company stock worth $1,192,328. Insiders own 3.48% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the company. Public Employees Retirement System of Ohio grew its holdings in shares of Comfort Systems USA by 6.8% during the second quarter. Public Employees Retirement System of Ohio now owns 2,715 shares of the construction company’s stock valued at $101,000 after buying an additional 173 shares during the last quarter. Riverhead Capital Management LLC grew its holdings in shares of Comfort Systems USA by 85.2% during the second quarter. Riverhead Capital Management LLC now owns 2,963 shares of the construction company’s stock valued at $110,000 after buying an additional 1,363 shares during the last quarter. Advisor Group Inc. grew its holdings in shares of Comfort Systems USA by 27.2% during the second quarter. Advisor Group Inc. now owns 3,304 shares of the construction company’s stock valued at $122,000 after buying an additional 706 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of Comfort Systems USA by 11.5% during the second quarter. Victory Capital Management Inc. now owns 5,257 shares of the construction company’s stock valued at $195,000 after buying an additional 542 shares during the last quarter. Finally, Biltmore Wealth Management LLC purchased a new stake in shares of Comfort Systems USA during the second quarter valued at $209,000. 92.37% of the stock is currently owned by hedge funds and other institutional investors.
About Comfort Systems USA
Comfort Systems USA, Inc is a provider of mechanical contracting services, which principally includes heating, ventilation and air conditioning (HVAC), plumbing, piping and controls, as well as off-site construction, electrical, monitoring and fire protection. As of December 31, 2016, the Company installed, maintained, repaired and replaced products and systems throughout its 35 operating units in 84 cities and 91 locations throughout the United States.
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