Comfort Systems USA (NYSE:FIX) Posts Quarterly Earnings Results, Beats Estimates By $0.14 EPS

Comfort Systems USA (NYSE:FIX – Get Rating) announced its earnings results on Wednesday. The construction company reported $1.17 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.14, Briefing.com reports. Comfort Systems USA had a return on equity of 18.69% and a net margin of 6.19%. The company had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $914.17 million. During the same quarter in the prior year, the company earned $0.90 earnings per share. The firm’s revenue for the quarter was up 42.6% on a year-over-year basis.

Comfort Systems USA Stock Up 5.0 %

NYSE FIX traded up $4.63 during trading hours on Thursday, reaching $97.22. 3,794 shares of the company’s stock traded hands, compared to its average volume of 113,716. Comfort Systems USA has a 52-week low of $67.91 and a 52-week high of $103.74. The firm has a market cap of $3.50 billion, a PE ratio of 17.04 and a beta of 1.13. The firm has a 50-day simple moving average of $86.03 and a 200 day simple moving average of $87.49. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.33 and a quick ratio of 1.30.

Insider Activity at Comfort Systems USA

In other Comfort Systems USA news, Director Vance W. Tang sold 1,844 shares of the firm’s stock in a transaction dated Monday, June 6th. The shares were sold at an average price of $92.34, for a total transaction of $170,274.96. Following the completion of the sale, the director now directly owns 28,797 shares in the company, valued at approximately $2,659,114.98. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.48% of the stock is currently owned by corporate insiders.

Institutional Trading of Comfort Systems USA

Institutional investors and hedge funds have recently bought and sold shares of the company. Capital World Investors grew its stake in shares of Comfort Systems USA by 32.3% in the first quarter. Capital World Investors now owns 2,336,939 shares of the construction company’s stock worth $208,011,000 after acquiring an additional 570,560 shares during the period. Renaissance Technologies LLC bought a new stake in shares of Comfort Systems USA in the first quarter worth approximately $3,543,000. State Street Corp grew its stake in shares of Comfort Systems USA by 3.4% in the first quarter. State Street Corp now owns 1,169,617 shares of the construction company’s stock worth $104,108,000 after acquiring an additional 38,414 shares during the period. Vanguard Group Inc. grew its stake in shares of Comfort Systems USA by 0.9% in the first quarter. Vanguard Group Inc. now owns 3,723,520 shares of the construction company’s stock worth $331,431,000 after acquiring an additional 32,264 shares during the period. Finally, Goldman Sachs Group Inc. grew its stake in shares of Comfort Systems USA by 51.5% in the first quarter. Goldman Sachs Group Inc. now owns 74,615 shares of the construction company’s stock worth $6,641,000 after acquiring an additional 25,371 shares during the period. 96.09% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on shares of Comfort Systems USA in a research report on Thursday, March 31st. They issued a “buy” rating for the company.

About Comfort Systems USA

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Comfort Systems USA, Inc provides mechanical and electrical installation, renovation, maintenance, repair, and replacement services for the mechanical and electrical services industry in the United States. It engages in the design, engineering, integration, installation, and start-up of mechanical, electrical, and plumbing (MEP) systems; and renovation, expansion, maintenance, monitoring, repair, and replacement of existing buildings.