Comfort Systems USA (NYSE:FIX) Issues Quarterly Earnings Results

Comfort Systems USA (NYSE:FIX) posted its earnings results on Thursday. The construction company reported $4.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.63 by $0.46, Zacks reports. Comfort Systems USA had a return on equity of 32.74% and a net margin of 7.18%.

Comfort Systems USA Stock Down 3.4 %

NYSE:FIX traded down $13.57 during mid-day trading on Thursday, hitting $382.29. The company had a trading volume of 651,268 shares, compared to its average volume of 507,867. The business has a fifty day simple moving average of $446.90 and a 200-day simple moving average of $414.14. The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.04. Comfort Systems USA has a 1 year low of $239.80 and a 1 year high of $553.09. The firm has a market capitalization of $13.61 billion, a price-to-earnings ratio of 29.25 and a beta of 1.22.

Comfort Systems USA Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Monday, March 10th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.42%. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.35. Comfort Systems USA’s dividend payout ratio (DPR) is presently 10.71%.

Insider Buying and Selling at Comfort Systems USA

In related news, COO T Mckenna Trent sold 4,000 shares of Comfort Systems USA stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $484.81, for a total value of $1,939,240.00. Following the completion of the transaction, the chief operating officer now directly owns 23,990 shares in the company, valued at approximately $11,630,591.90. This trade represents a 14.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.80% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have recently weighed in on FIX. UBS Group lifted their price objective on Comfort Systems USA from $525.00 to $575.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Stifel Nicolaus boosted their target price on Comfort Systems USA from $524.00 to $577.00 and gave the company a “buy” rating in a report on Friday, January 24th. Northcoast Research initiated coverage on Comfort Systems USA in a report on Friday, November 22nd. They issued a “buy” rating and a $525.00 target price for the company. Finally, StockNews.com upgraded Comfort Systems USA from a “hold” rating to a “buy” rating in a research report on Saturday, February 15th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, Comfort Systems USA presently has a consensus rating of “Buy” and a consensus price target of $506.75.

Comfort Systems USA Company Profile

Comfort Systems USA, Inc, together with its subsidiaries, provides mechanical and electrical installation, renovation, maintenance, repair, and replacement services for the mechanical and electrical services industry in the United States. It operates through two segments, Mechanical and Electrical. The company offers heating, ventilation, and air conditioning systems, as well as plumbing, electrical, piping and controls, off-site construction, monitoring, and fire protection.