Comfort Systems USA (FIX) Releases Earnings Results, Beats Expectations By $0.04 EPS

Comfort Systems USA (FIX) reported quarterly earnings results on Thursday, Jul-28-2016. The company said it had a profit of $0.47 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.04. Analysts had a consensus of $0.43. The company posted revenue of $427.50 million in the period, compared to analysts expectations of $447.05 million. The company’s revenue was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.35 EPS.

Many Wall Street Analysts have commented on Comfort Systems USA. Comfort Systems USA was Downgraded by Sidoti to ” Neutral” on Jul 12, 2016.

Comfort Systems USA opened for trading at $31.7 and hit $32.17 on the upside on Thursday, eventually ending the session at $31.92, with a gain of 0.09% or 0.03 points. The heightened volatility saw the trading volume jump to 1,68,593 shares. Company has a market cap of $1,195 M.

In a different news, on Jun 8, 2016, Vance W Tang (director) sold 5,584 shares at $32.27 per share price. According to the SEC, on May 26, 2016, T Mckenna Trent (SrVP, General Counsel and Secy) sold 25,000 shares at $31.31 per share price. On May 23, 2016, Franklin Myers (director) purchased 1,144 shares at $30.94 per share price, according to the Form-4 filing with the securities and exchange commission.

Comfort Systems USA Inc. is a provider of heating ventilation and air conditioning (HVAC) installation maintenance repair and replacement services within the mechanical services industry. It operates in the commercial industrial and institutional HVAC markets and offers services for the industrial healthcare education office technology retail and government facilities. In addition to standard HVAC services the Company provides specialized applications such as building automation control systems fire protection process cooling electronic monitoring and process piping. Its installation business related to newly constructed facilities involves the design engineering integration installation and start-up of HVAC. Its maintenance repair and replacement business also involves the replacement reconfiguration and monitoring of HVAC systems and industrial process piping. Certain locations also provide related activities such as electrical service and plumbing.

Comfort Systems USA

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