Comfort Systems USA, Inc. (NYSE:FIX) Plans Quarterly Dividend of $0.80

Comfort Systems USA, Inc. (NYSE:FIX) declared a quarterly dividend on Thursday, April 23rd. Investors of record on Friday, May 15th will be paid a dividend of 0.80 per share by the construction company on Tuesday, May 26th. This represents a c) annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Friday, May 15th. This is a 14.3% increase from Comfort Systems USA’s previous quarterly dividend of $0.70.

Comfort Systems USA has raised its dividend payment by an average of 0.4%per year over the last three years and has raised its dividend every year for the last 13 years. Comfort Systems USA has a dividend payout ratio of 13.3% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Comfort Systems USA to earn $42.53 per share next year, which means the company should continue to be able to cover its $2.80 annual dividend with an expected future payout ratio of 6.6%.

Comfort Systems USA Stock Up 3.0%

Comfort Systems USA stock opened at $1,775.89 on Friday. Comfort Systems USA has a fifty-two week low of $355.00 and a fifty-two week high of $1,798.96. The firm has a market capitalization of $62.48 billion, a price-to-earnings ratio of 61.45 and a beta of 1.60. The stock’s fifty day moving average is $1,455.76 and its two-hundred day moving average is $1,153.96. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.19 and a current ratio of 1.21.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings results on Thursday, April 23rd. The construction company reported $10.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.81 by $3.70. Comfort Systems USA had a return on equity of 48.52% and a net margin of 11.23%.The business had revenue of $2.87 billion during the quarter, compared to the consensus estimate of $2.39 billion. During the same quarter in the previous year, the company posted $4.75 EPS. The business’s revenue was up 56.5% on a year-over-year basis. Analysts predict that Comfort Systems USA will post 37.06 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Zacks Research upgraded shares of Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 24th. Wall Street Zen lowered shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 3rd. Glj Research assumed coverage on Comfort Systems USA in a research note on Monday. They issued a “buy” rating and a $2,001.00 target price on the stock. DA Davidson upped their target price on Comfort Systems USA from $1,200.00 to $1,800.00 and gave the company a “buy” rating in a research note on Monday, February 23rd. Finally, UBS Group reiterated a “buy” rating and set a $1,310.00 target price on shares of Comfort Systems USA in a report on Monday, February 2nd. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $1,732.50.

Comfort Systems USA Company Profile

Comfort Systems USA, Inc is a U.S.-based mechanical contracting company that provides a range of heating, ventilation and air conditioning (HVAC) services to commercial, industrial and institutional customers. The company focuses on the design, installation, maintenance and repair of HVAC systems, and it supports projects from initial engineering and system selection through long-term service agreements and upgrades.

Its service offerings include new construction and retrofit installations, preventive and corrective maintenance, emergency repair, energy management and building automation systems.