DA Davidson Weighs in on Comfort Systems USA, Inc.'s Q2 2024 Earnings (NYSE:FIX)

Comfort Systems USA, Inc. (NYSE:FIX - Free Report) - Equities research analysts at DA Davidson issued their Q2 2024 EPS estimates for shares of Comfort Systems USA in a report issued on Monday, April 29th. DA Davidson analyst B. Thielman forecasts that the construction company will post earnings of $3.04 per share for the quarter. DA Davidson has a "Buy" rating and a $350.00 price objective on the stock. The consensus estimate for Comfort Systems USA's current full-year earnings is $11.42 per share. DA Davidson also issued estimates for Comfort Systems USA's FY2024 earnings at $11.90 EPS and FY2025 earnings at $13.50 EPS.

Comfort Systems USA (NYSE:FIX - Get Free Report) last posted its quarterly earnings results on Thursday, April 25th. The construction company reported $2.69 EPS for the quarter, beating analysts' consensus estimates of $2.26 by $0.43. Comfort Systems USA had a net margin of 6.51% and a return on equity of 28.65%. The company had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.48 billion. During the same period in the prior year, the business posted $1.51 EPS. The firm's revenue was up 30.8% compared to the same quarter last year.

FIX has been the subject of a number of other reports. UBS Group upped their price target on shares of Comfort Systems USA from $208.00 to $254.00 and gave the company a "neutral" rating in a report on Thursday, February 15th. StockNews.com upgraded shares of Comfort Systems USA from a "hold" rating to a "buy" rating in a report on Thursday, April 4th. Finally, KeyCorp assumed coverage on shares of Comfort Systems USA in a report on Wednesday, January 10th. They issued a "sector weight" rating for the company.

Comfort Systems USA Trading Down 0.4 %

NYSE:FIX traded down $1.34 during midday trading on Tuesday, reaching $309.35. 405,993 shares of the stock traded hands, compared to its average volume of 356,845. The company has a fifty day moving average of $304.49 and a 200 day moving average of $236.37. Comfort Systems USA has a 12 month low of $144.45 and a 12 month high of $335.25. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.92 and a current ratio of 0.96. The stock has a market capitalization of $11.05 billion, a P/E ratio of 30.88 and a beta of 1.19.

Institutional Trading of Comfort Systems USA

Several institutional investors have recently bought and sold shares of the company. State Board of Administration of Florida Retirement System grew its position in Comfort Systems USA by 0.6% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 10,115 shares of the construction company's stock valued at $1,724,000 after purchasing an additional 60 shares during the last quarter. Portside Wealth Group LLC boosted its holdings in shares of Comfort Systems USA by 3.6% during the 3rd quarter. Portside Wealth Group LLC now owns 2,157 shares of the construction company's stock valued at $368,000 after acquiring an additional 74 shares during the last quarter. Sound View Wealth Advisors Group LLC boosted its holdings in shares of Comfort Systems USA by 5.5% during the 3rd quarter. Sound View Wealth Advisors Group LLC now owns 1,434 shares of the construction company's stock valued at $244,000 after acquiring an additional 75 shares during the last quarter. V Square Quantitative Management LLC purchased a new stake in shares of Comfort Systems USA during the 1st quarter valued at about $25,000. Finally, Freedom Day Solutions LLC boosted its holdings in shares of Comfort Systems USA by 1.2% during the 1st quarter. Freedom Day Solutions LLC now owns 8,552 shares of the construction company's stock valued at $2,717,000 after acquiring an additional 98 shares during the last quarter. 96.51% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CFO William George III sold 8,429 shares of the company's stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $278.95, for a total value of $2,351,269.55. Following the sale, the chief financial officer now directly owns 62,471 shares of the company's stock, valued at approximately $17,426,285.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, COO T Mckenna Trent sold 14,185 shares of the company's stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $278.55, for a total value of $3,951,231.75. Following the sale, the chief operating officer now directly owns 22,644 shares of the company's stock, valued at approximately $6,307,486.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO William George III sold 8,429 shares of the stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $278.95, for a total transaction of $2,351,269.55. Following the sale, the chief financial officer now directly owns 62,471 shares in the company, valued at $17,426,285.45. The disclosure for this sale can be found here. In the last ninety days, insiders sold 46,614 shares of company stock worth $13,739,345. 1.80% of the stock is currently owned by corporate insiders.

Comfort Systems USA Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Monday, May 13th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Friday, May 10th. This is a positive change from Comfort Systems USA's previous quarterly dividend of $0.25. This represents a $1.20 annualized dividend and a yield of 0.39%. Comfort Systems USA's dividend payout ratio is 9.90%.

About Comfort Systems USA

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.