Wall Street analysts expect that Comfort Systems USA, Inc. (NYSE:FIX) will announce $444.30 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Comfort Systems USA’s earnings, with estimates ranging from $441.60 million to $447.00 million. Comfort Systems USA posted sales of $392.10 million during the same quarter last year, which suggests a positive year-over-year growth rate of 13.3%. The firm is expected to report its next quarterly earnings results after the market closes on Thursday, February 22nd.
According to Zacks, analysts expect that Comfort Systems USA will report full year sales of $444.30 million for the current fiscal year. For the next fiscal year, analysts expect that the business will report sales of $1.94 billion per share, with estimates ranging from $1.92 billion to $1.97 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that that provide coverage for Comfort Systems USA.
FIX has been the subject of a number of recent research reports. Zacks Investment Research upgraded Comfort Systems USA from a “hold” rating to a “buy” rating and set a $50.00 target price for the company in a research note on Wednesday, December 27th. Gilford Securities lowered Comfort Systems USA from a “buy” rating to a “neutral” rating in a research note on Friday, November 10th. DA Davidson increased their target price on Comfort Systems USA to $43.00 and gave the company a “neutral” rating in a research note on Monday, October 30th. Finally, Guggenheim lowered Comfort Systems USA from a “buy” rating to a “neutral” rating in a research note on Friday, November 10th. Six investment analysts have rated the stock with a hold rating, Comfort Systems USA has an average rating of “Hold” and an average price target of $58.67.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. grew its stake in Comfort Systems USA by 4.2% during the 4th quarter. BlackRock Inc. now owns 5,285,746 shares of the construction company’s stock valued at $230,723,000 after purchasing an additional 213,140 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Comfort Systems USA by 10.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,385,182 shares of the construction company’s stock valued at $49,450,000 after purchasing an additional 127,761 shares in the last quarter. Neumeier Poma Investment Counsel LLC grew its stake in Comfort Systems USA by 15.6% during the 3rd quarter. Neumeier Poma Investment Counsel LLC now owns 1,004,775 shares of the construction company’s stock valued at $35,870,000 after purchasing an additional 135,950 shares in the last quarter. State Street Corp grew its stake in Comfort Systems USA by 4.4% during the 2nd quarter. State Street Corp now owns 930,260 shares of the construction company’s stock valued at $34,517,000 after purchasing an additional 39,200 shares in the last quarter. Finally, Teachers Advisors LLC grew its stake in Comfort Systems USA by 3.0% during the 4th quarter. Teachers Advisors LLC now owns 588,157 shares of the construction company’s stock valued at $25,673,000 after purchasing an additional 17,275 shares in the last quarter. Hedge funds and other institutional investors own 92.46% of the company’s stock.
Shares of Comfort Systems USA (FIX) opened at $41.40 on Friday. The company has a quick ratio of 1.30, a current ratio of 1.33 and a debt-to-equity ratio of 0.20. Comfort Systems USA has a 12 month low of $31.90 and a 12 month high of $44.80. The stock has a market capitalization of $1,540.00, a PE ratio of 24.21, a PEG ratio of 1.93 and a beta of 1.19.
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About Comfort Systems USA
Comfort Systems USA, Inc is a provider of mechanical contracting services, which principally includes heating, ventilation and air conditioning (HVAC), plumbing, piping and controls, as well as off-site construction, electrical, monitoring and fire protection. As of December 31, 2016, the Company installed, maintained, repaired and replaced products and systems throughout its 35 operating units in 84 cities and 91 locations throughout the United States.
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