Comfort Systems USA (NYSE:FIX) Issues Quarterly Earnings Results

Comfort Systems USA (NYSE:FIX) released its quarterly earnings data on Thursday. The construction company reported $4.09 earnings per share (EPS) for the quarter, beating the consensus estimate 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 Stock Down 3.4 %

Shares of FIX traded down $13.57 during mid-day trading on Thursday, hitting $382.29. The company’s stock had a trading volume of 651,261 shares, compared to its average volume of 507,867. The company’s 50-day moving average is $448.64 and its 200-day moving average is $414.36. Comfort Systems USA has a 52-week low of $239.80 and a 52-week high of $553.09. The firm has a market capitalization of $13.61 billion, a price-to-earnings ratio of 29.25 and a beta of 1.22. The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.04.

Insider Transactions at Comfort Systems USA

In related news, COO T Mckenna Trent sold 4,000 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the chief operating officer now owns 23,990 shares in the company, valued at $11,630,591.90. The trade was a 14.29 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 1.80% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.