Comfort Systems USA, Inc. (FIX) To Go Ex-Dividend on March 10th

Comfort Systems USA, Inc. (NYSE:FIX) announced a quarterly dividend on Thursday, February 20th, RTT News reports. Investors of record on Monday, March 10th will be paid a dividend of 0.40 per share by the construction company on Friday, March 21st. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date is Monday, March 10th. This is a 14.3% increase from Comfort Systems USA’s previous quarterly dividend of $0.35.

Comfort Systems USA has increased its dividend by an average of 35.7% annually over the last three years and has raised its dividend annually for the last 13 consecutive years. Comfort Systems USA has a dividend payout ratio of 7.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect Comfort Systems USA to earn $17.96 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 8.9%.

Comfort Systems USA Stock Performance

NYSE FIX opened at $324.41 on Friday. Comfort Systems USA has a 1 year low of $272.93 and a 1 year high of $553.09. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.04 and a quick ratio of 1.02. The stock has a market capitalization of $11.53 billion, a PE ratio of 22.20 and a beta of 1.24. The company’s 50 day simple moving average is $426.97 and its two-hundred day simple moving average is $416.67.

Comfort Systems USA (NYSE:FIX) last posted its earnings results on Thursday, February 20th. The construction company reported $4.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.63 by $0.46. The business had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.77 billion. Comfort Systems USA had a net margin of 7.43% and a return on equity of 35.28%. Analysts predict that Comfort Systems USA will post 16.85 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently weighed in on FIX shares. Stifel Nicolaus lowered their price objective on shares of Comfort Systems USA from $577.00 to $471.00 and set a “buy” rating on the stock in a research report on Monday, February 24th. UBS Group increased their target price on shares of Comfort Systems USA from $525.00 to $575.00 and gave the company a “buy” rating in a report on Monday, December 9th. Sidoti raised shares of Comfort Systems USA from a “neutral” rating to a “buy” rating and set a $552.00 target price on the stock in a report on Monday, February 24th. Northcoast Research began coverage on shares of Comfort Systems USA in a report on Friday, November 22nd. They set a “buy” rating and a $525.00 target price on the stock. Finally, StockNews.com raised shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Saturday, February 15th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $530.75.

About Comfort Systems USA

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.