Comfort Systems USA (NYSE:FIX – Get Free Report) announced its earnings results on Thursday. The construction company reported $13.91 earnings per share for the quarter, topping the consensus estimate of $12.85 by $1.06, FiscalAI reports. Comfort Systems USA had a return on equity of 53.55% and a net margin of 12.77%. The firm had revenue of $3.77 billion for the quarter, compared to the consensus estimate of $3.40 billion.
Comfort Systems USA Price Performance
NYSE:FIX traded down $127.98 during trading hours on Thursday, reaching $1,273.29. 856,208 shares of the company were exchanged, compared to its average volume of 434,869. The company has a current ratio of 1.21, a quick ratio of 1.19 and a debt-to-equity ratio of 0.02. The firm has a market cap of $44.81 billion, a PE ratio of 31.32 and a beta of 1.66. Comfort Systems USA has a twelve month low of $791.36 and a twelve month high of $2,073.99. The stock’s 50-day moving average is $1,626.01 and its 200-day moving average is $1,732.35.
Wall Street Analyst Weigh In
A number of equities research analysts have recently weighed in on the company. DA Davidson began coverage on Comfort Systems USA in a research note on Friday, August 21st. They set a “buy” rating and a $2,100.00 price target on the stock. The Goldman Sachs Group set a $1,875.00 target price on Comfort Systems USA in a research report on Tuesday. Weiss Ratings raised Comfort Systems USA from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, October 8th. Zacks Research cut shares of Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 5th. Finally, Stifel Nicolaus set a $1,910.00 price objective on shares of Comfort Systems USA and gave the stock a “buy” rating in a research report on Monday, July 27th. Eight analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $2,044.43.
View Our Latest Report on Comfort Systems USA
Insider Activity
In related news, insider Brian E. Lane sold 16,024 shares of the company’s stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $1,608.21, for a total transaction of $25,769,957.04. Following the completion of the transaction, the insider owned 145,065 shares in the company, valued at $233,294,983.65. This represents a 9.95% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Franklin Myers sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $1,693.92, for a total transaction of $6,775,680.00. Following the completion of the transaction, the director directly owned 8,495 shares in the company, valued at $14,389,850.40. This represents a 32.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 26,078 shares of company stock worth $43,211,828 over the last 90 days. 1.24% of the stock is currently owned by company insiders.
Comfort Systems USA Company Profile
Comfort Systems USA, Inc (NYSE:FIX) is a provider of mechanical and electrical contracting services for commercial, industrial, and institutional customers. The company designs, installs, maintains, repairs, and replaces heating, ventilation, air conditioning, and temperature-control systems, as well as plumbing, piping, electrical, and related building systems.
Its services support new construction, building renovations, facility upgrades, and ongoing maintenance. Comfort Systems USA also provides specialized services for data centers, manufacturing facilities, healthcare buildings, educational institutions, and other complex commercial and industrial projects.
Founded in 1997 and headquartered in Houston, Texas, the company operates through a network of regional contracting businesses serving customers across the United States.
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