DA Davidson Lifts Earnings Estimates for Comfort Systems USA

Comfort Systems USA, Inc. (NYSE:FIX) – Investment analysts at DA Davidson lifted their FY2024 EPS estimates for Comfort Systems USA in a research note issued to investors on Monday, October 28th. DA Davidson analyst B. Thielman now expects that the construction company will post earnings of $13.88 per share for the year, up from their previous estimate of $13.79. The consensus estimate for Comfort Systems USA’s current full-year earnings is $13.79 per share.

Separately, StockNews.com raised Comfort Systems USA from a “hold” rating to a “buy” rating in a research note on Saturday, October 12th.

Comfort Systems USA Stock Up 5.0 %

FIX opened at $388.95 on Tuesday. The stock’s 50 day moving average price is $372.37 and its 200 day moving average price is $336.27. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.00 and a quick ratio of 0.97. The stock has a market cap of $13.89 billion, a P/E ratio of 38.51 and a beta of 1.13. Comfort Systems USA has a 12 month low of $176.33 and a 12 month high of $424.63.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings results on Thursday, October 24th. The construction company reported $4.09 EPS for the quarter, beating the consensus estimate of $3.97 by $0.12. The company had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.84 billion. Comfort Systems USA had a net margin of 7.02% and a return on equity of 31.49%. Comfort Systems USA’s revenue was up 31.5% compared to the same quarter last year. During the same quarter last year, the business earned $2.74 earnings per share.

Institutional Trading of Comfort Systems USA

A number of large investors have recently added to or reduced their stakes in the business. Norden Group LLC increased its holdings in shares of Comfort Systems USA by 1,143.4% in the first quarter. Norden Group LLC now owns 50,545 shares of the construction company’s stock valued at $16,056,000 after buying an additional 46,480 shares in the last quarter. Concurrent Investment Advisors LLC acquired a new stake in Comfort Systems USA during the 1st quarter worth about $550,000. Comerica Bank lifted its stake in Comfort Systems USA by 34.5% during the first quarter. Comerica Bank now owns 103,730 shares of the construction company’s stock valued at $32,956,000 after buying an additional 26,616 shares in the last quarter. Cetera Advisors LLC acquired a new position in shares of Comfort Systems USA in the first quarter worth about $971,000. Finally, Atria Investments Inc purchased a new position in shares of Comfort Systems USA in the first quarter worth approximately $1,192,000. 96.51% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Darcy Anderson sold 3,546 shares of the business’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $336.19, for a total value of $1,192,129.74. Following the sale, the director now owns 37,193 shares of the company’s stock, valued at approximately $12,503,914.67. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Darcy Anderson sold 3,546 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $336.19, for a total transaction of $1,192,129.74. Following the completion of the transaction, the director now owns 37,193 shares of the company’s stock, valued at $12,503,914.67. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Brian E. Lane sold 15,000 shares of the business’s stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $329.55, for a total transaction of $4,943,250.00. Following the completion of the sale, the insider now owns 219,205 shares in the company, valued at approximately $72,239,007.75. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 24,391 shares of company stock worth $8,076,855 over the last ninety days. Company insiders own 1.80% of the company’s stock.

Comfort Systems USA Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 25th. Investors of record on Thursday, November 14th will be issued a dividend of $0.35 per share. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.30. The ex-dividend date is Thursday, November 14th. This represents a $1.40 annualized dividend and a yield of 0.36%. Comfort Systems USA’s payout ratio is presently 13.86%.

Comfort Systems USA Company Profile

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.