Comfort Systems USA Inc. (NYSE:FIX) released its quarterly earnings results on Thursday. The company reported $0.54 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.02. The firm had revenue of $428.80 million for the quarter, compared to analyst estimates of $429.80 million. Comfort Systems USA had a net margin of 3.76% and a return on equity of 17.22%. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.46 EPS.
Shares of Comfort Systems USA (NYSE:FIX) opened at 28.75 on Monday. Comfort Systems USA has a 12 month low of $24.22 and a 12 month high of $34.00. The stock has a market cap of $1.07 billion, a price-to-earnings ratio of 17.86 and a beta of 1.57. The firm has a 50-day moving average price of $28.42 and a 200-day moving average price of $30.35.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 23rd. Shareholders of record on Thursday, November 10th will be given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date is Tuesday, November 8th. Comfort Systems USA’s payout ratio is 17.28%.
FIX has been the topic of a number of research analyst reports. Zacks Investment Research lowered Comfort Systems USA from a “buy” rating to a “hold” rating in a research report on Wednesday, September 28th. Sidoti raised Comfort Systems USA from a “neutral” rating to a “buy” rating and set a $36.00 target price on the stock in a research report on Friday, August 12th.
In other news, Director Alfred J. Giardenelli, Jr. sold 7,000 shares of the stock in a transaction that occurred on Monday, September 12th. The shares were sold at an average price of $27.34, for a total value of $191,380.00. Following the sale, the director now directly owns 23,516 shares in the company, valued at $642,927.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Franklin Myers purchased 2,000 shares of the stock in a transaction dated Wednesday, August 3rd. The stock was acquired at an average price of $28.82 per share, for a total transaction of $57,640.00. Following the completion of the transaction, the director now directly owns 180,000 shares of the company’s stock, valued at $5,187,600. The disclosure for this purchase can be found here. 3.49% of the stock is currently owned by insiders.
Several hedge funds have recently added to or reduced their stakes in FIX. Advisor Group Inc. acquired a new stake in Comfort Systems USA during the second quarter valued at approximately $136,000. Rhumbline Advisers raised its stake in Comfort Systems USA by 1.1% in the second quarter. Rhumbline Advisers now owns 46,569 shares of the company’s stock valued at $1,517,000 after buying an additional 484 shares in the last quarter. Raymond James & Associates raised its stake in Comfort Systems USA by 39.4% in the second quarter. Raymond James & Associates now owns 10,465 shares of the company’s stock valued at $341,000 after buying an additional 2,960 shares in the last quarter. Teachers Advisors Inc. raised its stake in Comfort Systems USA by 9.4% in the second quarter. Teachers Advisors Inc. now owns 436,821 shares of the company’s stock valued at $14,227,000 after buying an additional 37,418 shares in the last quarter. Finally, Miles Capital Inc. raised its stake in Comfort Systems USA by 1.4% in the second quarter. Miles Capital Inc. now owns 8,536 shares of the company’s stock valued at $278,000 after buying an additional 122 shares in the last quarter. Institutional investors and hedge funds own 94.59% of the company’s stock.
Comfort Systems USA Company Profile