What is Erste Group Bank’s Estimate for FIX FY2027 Earnings?

Comfort Systems USA, Inc. (NYSE:FIX) – Stock analysts at Erste Group Bank increased their FY2027 earnings per share (EPS) estimates for shares of Comfort Systems USA in a research note issued to investors on Wednesday, July 15th. Erste Group Bank analyst H. Engel now forecasts that the construction company will post earnings per share of $56.00 for the year, up from their previous estimate of $53.94. Erste Group Bank currently has a “Hold” rating on the stock. The consensus estimate for Comfort Systems USA’s current full-year earnings is $43.39 per share.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings data on Thursday, April 23rd. The construction company reported $10.51 earnings per share for the quarter, beating the consensus estimate of $6.81 by $3.70. Comfort Systems USA had a return on equity of 51.69% and a net margin of 12.07%.The business had revenue of $2.87 billion during the quarter, compared to analyst estimates of $2.39 billion. During the same quarter in the prior year, the firm posted $4.75 earnings per share. The company’s revenue was up 56.5% on a year-over-year basis.

A number of other equities research analysts have also issued reports on the company. Glj Research initiated coverage on Comfort Systems USA in a research report on Monday, April 20th. They set a “buy” rating and a $2,001.00 target price on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Comfort Systems USA in a research note on Monday, April 20th. UBS Group boosted their price objective on Comfort Systems USA from $1,992.00 to $2,125.00 and gave the stock a “buy” rating in a report on Monday, June 8th. Wall Street Zen cut shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 10th. Finally, Zacks Research downgraded shares of Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 26th. Nine research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Comfort Systems USA currently has a consensus rating of “Moderate Buy” and an average price target of $2,015.43.

Comfort Systems USA Stock Performance

NYSE:FIX opened at $1,681.50 on Friday. The company has a 50-day moving average of $1,867.00 and a 200-day moving average of $1,539.29. The firm has a market cap of $59.19 billion, a price-to-earnings ratio of 48.51 and a beta of 1.66. The company has a current ratio of 1.24, a quick ratio of 1.21 and a debt-to-equity ratio of 0.01. Comfort Systems USA has a twelve month low of $513.99 and a twelve month high of $2,073.99.

Comfort Systems USA Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Friday, May 15th were given a dividend of $0.80 per share. The ex-dividend date of this dividend was Friday, May 15th. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.70. This represents a $3.20 annualized dividend and a yield of 0.2%. Comfort Systems USA’s payout ratio is presently 9.23%.

Insider Transactions at Comfort Systems USA

In other Comfort Systems USA news, CAO Julie Shaeff sold 1,123 shares of the firm’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $2,000.37, for a total transaction of $2,246,415.51. Following the completion of the sale, the chief accounting officer directly owned 12,624 shares in the company, valued at approximately $25,252,670.88. This trade represents a 8.17% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Brian E. Lane sold 11,113 shares of Comfort Systems USA stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $1,969.84, for a total value of $21,890,831.92. Following the transaction, the insider directly owned 161,089 shares in the company, valued at approximately $317,319,555.76. This trade represents a 6.45% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 30,778 shares of company stock worth $59,746,124. 1.24% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Comfort Systems USA

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FIX. Prudential PLC bought a new position in shares of Comfort Systems USA during the 4th quarter valued at $6,922,000. Ethic Inc. raised its stake in shares of Comfort Systems USA by 80.5% in the 4th quarter. Ethic Inc. now owns 1,677 shares of the construction company’s stock valued at $1,565,000 after acquiring an additional 748 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of Comfort Systems USA by 230.4% during the 4th quarter. BNP Paribas Financial Markets now owns 57,199 shares of the construction company’s stock worth $53,383,000 after buying an additional 39,888 shares during the period. Spire Wealth Management grew its stake in Comfort Systems USA by 658.1% in the 4th quarter. Spire Wealth Management now owns 5,390 shares of the construction company’s stock valued at $5,031,000 after buying an additional 4,679 shares during the last quarter. Finally, Moran Wealth Management LLC lifted its position in Comfort Systems USA by 34.0% during the 4th quarter. Moran Wealth Management LLC now owns 28,357 shares of the construction company’s stock worth $26,465,000 after acquiring an additional 7,192 shares during the last quarter. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Company Profile

Comfort Systems USA, Inc is a U.S.-based mechanical contracting company that provides a range of heating, ventilation and air conditioning (HVAC) services to commercial, industrial and institutional customers. The company focuses on the design, installation, maintenance and repair of HVAC systems, and it supports projects from initial engineering and system selection through long-term service agreements and upgrades.

Its service offerings include new construction and retrofit installations, preventive and corrective maintenance, emergency repair, energy management and building automation systems.