Comfort Systems USA (NYSE:FIX) Announces Earnings Results

Comfort Systems USA (NYSE:FIX) announced its quarterly earnings results on Thursday. The construction company reported $4.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.63 by $0.46, Zacks reports. Comfort Systems USA had a net margin of 7.18% and a return on equity of 32.74%.

Comfort Systems USA Price Performance

Shares of Comfort Systems USA stock traded down $13.57 during trading hours on Thursday, reaching $382.29. The company’s stock had a trading volume of 651,261 shares, compared to its average volume of 507,867. The firm has a 50 day moving average price of $448.64 and a 200-day moving average price of $414.36. Comfort Systems USA has a one year low of $239.80 and a one year high of $553.09. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.04 and a quick ratio of 1.02. The stock has a market cap of $13.61 billion, a P/E ratio of 29.25 and a beta of 1.22.

Wall Street Analyst Weigh In

A number of analysts have issued reports on FIX shares. Stifel Nicolaus lifted their price target on shares of Comfort Systems USA from $524.00 to $577.00 and gave the company a “buy” rating in a report on Friday, January 24th. UBS Group lifted their price target on shares of Comfort Systems USA from $525.00 to $575.00 and gave the company a “buy” rating in a report on Monday, December 9th. Northcoast Research began coverage on shares of Comfort Systems USA in a report on Friday, November 22nd. They issued a “buy” rating and a $525.00 target price on the stock. Finally, StockNews.com upgraded shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Saturday, February 15th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Comfort Systems USA presently has a consensus rating of “Buy” and a consensus target price of $506.75.

Insider Transactions at Comfort Systems USA

In related news, COO T Mckenna Trent sold 4,000 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $484.81, for a total transaction of $1,939,240.00. Following the transaction, the chief operating officer now directly owns 23,990 shares in the company, valued at approximately $11,630,591.90. This represents a 14.29 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.80% of the company’s stock.

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.