Comfort Systems USA (NYSE:FIX) Posts Quarterly Earnings Results, Beats Estimates By $0.04 EPS

Comfort Systems USA (NYSE:FIX) announced its earnings results on Thursday. The construction company reported $4.09 earnings per share for the quarter, beating the consensus estimate of $4.05 by $0.04, Briefing.com reports. The firm had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.84 billion. Comfort Systems USA had a return on equity of 31.49% and a net margin of 7.02%. The firm’s revenue for the quarter was up 31.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.74 EPS.

Comfort Systems USA Stock Performance

Shares of NYSE FIX traded down $44.15 during trading hours on Friday, reaching $369.32. The stock had a trading volume of 1,104,278 shares, compared to its average volume of 383,554. Comfort Systems USA has a twelve month low of $152.18 and a twelve month high of $424.63. 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 business’s fifty day moving average is $370.44 and its two-hundred day moving average is $334.95. The company has a market cap of $13.19 billion, a price-to-earnings ratio of 35.92 and a beta of 1.13.

Insider Buying and Selling at Comfort Systems USA

In other news, insider Brian E. Lane sold 15,000 shares of Comfort Systems USA stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $329.55, for a total transaction of $4,943,250.00. Following the sale, the insider now directly owns 219,205 shares in the company, valued at approximately $72,239,007.75. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Comfort Systems USA news, CFO William George III sold 5,845 shares of the stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $332.16, for a total value of $1,941,475.20. Following the completion of the sale, the chief financial officer now directly owns 55,099 shares in the company, valued at $18,301,683.84. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Brian E. Lane sold 15,000 shares of the stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $329.55, for a total value of $4,943,250.00. Following the sale, the insider now directly owns 219,205 shares of the company’s stock, valued at approximately $72,239,007.75. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 24,391 shares of company stock valued at $8,076,855 in the last 90 days. 1.80% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

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

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.