Comfort Systems USA, Inc. (NYSE:FIX) Raises Dividend to $0.80 Per Share

Comfort Systems USA, Inc. (NYSE:FIX) declared a quarterly dividend on Thursday, April 23rd. Shareholders of record on Friday, May 15th will be given a dividend of 0.80 per share by the construction company on Tuesday, May 26th. This represents a c) dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date 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 by an average of 0.4%annually 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 Performance

FIX opened at $1,775.89 on Friday. The firm has a market cap of $62.48 billion, a P/E ratio of 61.45 and a beta of 1.60. Comfort Systems USA has a 1-year low of $355.00 and a 1-year high of $1,798.96. The company has a 50 day simple moving average of $1,455.76 and a two-hundred day simple moving average of $1,153.96. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.21 and a quick ratio of 1.19.

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

Analysts Set New Price Targets

FIX has been the subject of a number of recent analyst reports. Stifel Nicolaus upped their price target on shares of Comfort Systems USA from $1,611.00 to $1,819.00 and gave the stock a “buy” rating in a research report on Thursday, April 16th. 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. Weiss Ratings reiterated a “buy (b)” rating on shares of Comfort Systems USA in a research report on Monday. Glj Research initiated coverage on shares of Comfort Systems USA in a research report on Monday. They issued a “buy” rating and a $2,001.00 price target for the company. Finally, UBS Group reiterated a “buy” rating and issued a $1,310.00 price target on shares of Comfort Systems USA in a research report on Monday, February 2nd. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target 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.