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D.A. Davidson Sees Substantially Improved Earnings Above Expectations For Comfort Systems

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In a report published Friday, D.A. Davidson analyst John B. Rogers reiterated a Neutral rating and $18.00 price target on Comfort Systems USA, Inc. (NYSE: FIX).

In the report, D.A. Davidson noted, "Reported EPS of $0.29 per share for the fourth quarter included an unusual tax impact that added $0.08 per share. Excluding the tax benefit, adjusted EPS of $0.21 still improved substantially from $0.15 last year and exceeded our estimate of $0.15 and consensus of $0.16. As shown in the attached variance model earnings were driven higher by 8% revenue growth and operating margin expansion (up 150bp) as well as the noted lower tax rate."

Comfort Systems closed on Thursday at $16.88.

Latest Ratings for FIX

DateFirmActionFromTo
Jul 2019UpgradesNeutralBuy
Mar 2019DowngradesBuyNeutral
Feb 2019MaintainsNeutralNeutral

View More Analyst Ratings for FIX
View the Latest Analyst Ratings

Posted-In: D.A. Davidson John B. RogersAnalyst Color Reiteration Analyst Ratings

 

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