Comfort Systems USA (NYSE:FIX) Posts Quarterly Earnings Results, Beats Expectations By $1.06 EPS

Comfort Systems USA (NYSE:FIX) announced its earnings results on Thursday. The construction company reported $13.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $12.85 by $1.06, FiscalAI reports. The firm had revenue of $3.77 billion during the quarter, compared to analyst estimates of $3.40 billion. Comfort Systems USA had a return on equity of 57.72% and a net margin of 13.01%. The business’s revenue was up 53.7% compared to the same quarter last year. During the same period last year, the firm posted $8.25 EPS.

Comfort Systems USA Stock Performance

Shares of FIX traded down $120.63 during mid-day trading on Friday, hitting $1,158.74. The stock had a trading volume of 1,367,158 shares, compared to its average volume of 399,301. The firm has a market cap of $40.78 billion, a P/E ratio of 25.02 and a beta of 1.66. The business has a fifty day moving average price of $1,604.64 and a 200-day moving average price of $1,727.33. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.21 and a quick ratio of 1.19. Comfort Systems USA has a 52 week low of $841.66 and a 52 week high of $2,073.99.

Comfort Systems USA Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 23rd. Shareholders of record on Thursday, November 12th will be paid a $0.10 dividend. The ex-dividend date is Thursday, November 12th. This is a drop from Comfort Systems USA’s previous quarterly dividend of $0.90. This represents a $0.40 annualized dividend and a dividend yield of 0.0%. Comfort Systems USA’s dividend payout ratio is presently 8.85%.

Insider Buying and Selling

In other news, Director Franklin Myers sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $1,693.92, for a total value of $6,775,680.00. Following the sale, the director owned 8,495 shares of the company’s stock, valued at $14,389,850.40. The trade was a 32.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Brian Lane sold 16,024 shares of the company’s stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $1,608.21, for a total transaction of $25,769,957.04. Following the sale, the insider owned 145,065 shares in the company, valued at $233,294,983.65. The trade was a 9.95% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 26,078 shares of company stock valued at $43,211,828. 1.24% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on FIX. Weiss Ratings downgraded shares of Comfort Systems USA from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday. UBS Group restated a “buy” rating on shares of Comfort Systems USA in a report on Friday. DA Davidson began coverage on shares of Comfort Systems USA in a report on Friday, August 21st. They set a “buy” rating and a $2,100.00 price objective for the company. KeyCorp lifted their price objective on shares of Comfort Systems USA from $2,110.00 to $2,125.00 and gave the stock an “overweight” rating in a research report on Thursday, October 15th. Finally, The Goldman Sachs Group set a $1,875.00 target price on shares of Comfort Systems USA in a research note on Tuesday. Eight research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $2,044.43.

Key Stories Impacting Comfort Systems USA

Here are the key news stories impacting Comfort Systems USA this week:

• Positive Sentiment: Third-quarter revenue rose 53.7% year over year to $3.77 billion, exceeding the $3.40 billion consensus estimate. Adjusted earnings of $13.91 per share also topped expectations of approximately $12.71–$12.85 and increased from $8.25 a year earlier. Comfort Systems Q3 Earnings and Revenues Beat Estimates, Backlog Surges
• Positive Sentiment: Backlog surged approximately 90% year over year to $17.8 billion, providing substantial future revenue visibility. Demand remained particularly strong for technology-related construction projects, including data-center and AI infrastructure. Comfort Systems: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: Management expects modular construction capacity to reach 6 million square feet by late 2027, supporting its ability to capture continued growth in large technology and industrial projects. The board also announced a quarterly dividend increase to $1.00 per share. Comfort Systems USA Increases Quarterly Dividend

About Comfort Systems USA

Comfort Systems USA, Inc (NYSE:FIX) is a provider of mechanical and electrical contracting services for commercial, industrial, and institutional customers. The company designs, installs, maintains, repairs, and replaces heating, ventilation, air conditioning, and temperature-control systems, as well as plumbing, piping, electrical, and related building systems.

Its services support new construction, building renovations, facility upgrades, and ongoing maintenance. Comfort Systems USA also provides specialized services for data centers, manufacturing facilities, healthcare buildings, educational institutions, and other complex commercial and industrial projects.

Founded in 1997 and headquartered in Houston, Texas, the company operates through a network of regional contracting businesses serving customers across the United States.