On Thursday, the research analysts at StockNews.com started covering Comfort Systems USA and distributed their research reports to clients and potential investors.
The construction company’s stock was recommended to be purchased by the company, and they gave it a “buy” rating.
On February 22, the most recent quarterly earnings report for Comfort Systems USA (NYSE: FIX) was made public for the investing community to view.
The construction company reported earnings per share (EPS) of $1.54 for the prior quarter, which was $0.17 higher than the industry’s estimate, which was $1.37.
The analysts’ projections for the company’s sales for the quarter were $1.07 billion, but the actual sales for the quarter came in significantly higher at $1.12 billion.
Both the return on equity and the net margin for the company came in at 20.47% and 5.94%, respectively, for Comfort Systems USA. Compared to the same quarter in the previous year, the revenue grew by 30.5%.
The corporation generated earnings of $1.04 per share during the same period the year before when compared to the current year.
Analysts specializing in equity research anticipate that Comfort Systems USA will record $6.35 per share profits for the current financial year.
Thursday morning began with FIX shares trading at an opening price of $136.12.
The debt-to-equity ratio is currently at 0.25, the current ratio is 1.12, and the quick ratio is 1.09 in this company.
The company’s price-to-earnings ratio is 19.96, and its beta value is 1.22.
The market capitalization of the company is $4.86 billion.
The price of a share of Comfort Systems USA at its lowest point over the past year is $74.14, while the company’s highest point over the past year is $152.13.
At the moment, the stock price of the company is trading at $127.61, which is higher than its simple moving average for the past 50 days but lower than its simple moving average for the past 200 days.
Separately, in a research report made public on Friday, February 24, DA Davidson changed their rating on Comfort Systems USA shares from “hold” to “buy” and raised their price target on the stock from $135.00 to $170.00.
These changes were reflected in the price target they set for the stock.
Constance Ellen Skidmore, a company director, participated in a transaction on Friday, March 10, selling 3,000 shares of the company’s stock.
The amount of stock sold came to a total of $429,090.00, and the price of $143.03 per share was determined to be the average selling price. Following the successful completion of the transaction, the director now directly owns 24,722 shares of the company.
Each share of the company has a market value of approximately $3,535,987.66.
If you follow this link, you will be taken to the SEC filing in which the sale was disclosed.
Please click on the link to proceed.
In related news, on February 27, a Monday, Vance W.
Tang, a corporate director, conducted a transaction selling 2,500 shares. With an average price of $147.01 per share, a total of $367,500.00 worth of the stock was traded, resulting in revenue.
The average price per share was $147.01.
After the transaction was completed without a hitch, the director is now the direct owner of 26,297 shares of the company.
The total value of these shares is $3,865,659. You might find a filing that explains the transaction in greater detail on the Securities and Exchange Commission (SEC) website.
Also, on March 10, Constance Ellen Skidmore, a company director, sold 3,000 shares of the company’s stock.
This transaction took place on Friday.
The amount of stock sold came to a total of $429,090.00, and the price of $143.03 per share was determined to be the average selling price. Following the completion of the acquisition, the director has obtained a direct ownership stake in 24,722 shares of the company’s stock, which currently have an approximate value of $3,535,987.66.
The disclosure about the purchase can be found in this particular location.
Together, the company’s management and employees own 2.48% of the total number of shares issued by the company.
Over the past few months, several hedge funds and institutional investors have adjusted the FIX holdings they currently keep.
During the first three months of the current fiscal year, Citigroup INC increased the percentage of Comfort Systems USA stock owned by 3.4%. Citigroup INC now has a total of 37,197 shares in