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

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

A number of other analysts also recently issued reports on FIX. UBS Group raised their price target on Comfort Systems USA from $1,992.00 to $2,125.00 and gave the stock a “buy” rating in a research report on Monday, June 8th. Glj Research initiated coverage on shares of Comfort Systems USA in a research note on Monday, April 20th. They issued a “buy” rating and a $2,001.00 target price on the stock. The Goldman Sachs Group started coverage on shares of Comfort Systems USA in a research note on Thursday, July 9th. They issued a “buy” rating and a $2,159.00 target price on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Comfort Systems USA in a report on Monday, April 20th. Finally, Zacks Research cut shares of Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 26th. Nine investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, Comfort Systems USA has an average rating of “Moderate Buy” and an average price target of $2,015.43.

Comfort Systems USA Stock Performance

NYSE FIX opened at $1,667.28 on Friday. The business’s 50 day moving average price is $1,861.34 and its 200-day moving average price is $1,540.19. Comfort Systems USA has a fifty-two week low of $513.99 and a fifty-two week high of $2,073.99. The company has a market cap of $58.69 billion, a P/E ratio of 48.10 and a beta of 1.66. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.21 and a current ratio of 1.24.

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

Comfort Systems USA Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Friday, May 15th were paid a $0.80 dividend. The ex-dividend date was Friday, May 15th. This represents a $3.20 dividend on an annualized basis and a yield of 0.2%. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.70. Comfort Systems USA’s payout ratio is currently 9.23%.

Insiders Place Their Bets

In related news, CAO Julie Shaeff sold 1,123 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $2,000.37, for a total value of $2,246,415.51. Following the completion of the sale, the chief accounting officer owned 12,624 shares in the company, valued at approximately $25,252,670.88. The trade was a 8.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Franklin Myers sold 6,700 shares of the business’s stock in a transaction that occurred on Wednesday, June 24th. The shares were sold at an average price of $1,954.47, for a total value of $13,094,949.00. Following the completion of the sale, the director owned 62,115 shares of the company’s stock, valued at $121,401,904.05. The trade was a 9.74% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 30,778 shares of company stock worth $59,746,124. 1.24% of the stock is owned by company insiders.

Institutional Investors Weigh In On Comfort Systems USA

Hedge funds have recently made changes to their positions in the company. Core Wealth Advisors LLC purchased a new position in shares of Comfort Systems USA during the fourth quarter valued at $28,000. Kemnay Advisory Services Inc. purchased a new stake in Comfort Systems USA in the fourth quarter worth about $33,000. Carolina Wealth Advisors LLC increased its position in Comfort Systems USA by 63.6% during the 2nd quarter. Carolina Wealth Advisors LLC now owns 18 shares of the construction company’s stock valued at $36,000 after purchasing an additional 7 shares during the period. Farmers & Merchants Investments Inc. increased its position in Comfort Systems USA by 29.0% during the 4th quarter. Farmers & Merchants Investments Inc. now owns 40 shares of the construction company’s stock valued at $37,000 after purchasing an additional 9 shares during the period. Finally, JFS Wealth Advisors LLC raised its holdings in shares of Comfort Systems USA by 29.4% in the 4th quarter. JFS Wealth Advisors LLC now owns 44 shares of the construction company’s stock valued at $41,000 after purchasing an additional 10 shares in the last quarter. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

About Comfort Systems USA

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.