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

Comfort Systems USA, Inc. (NYSE:FIX) announced a quarterly dividend on Thursday, April 25th, Zacks reports. Shareholders of record on Monday, May 13th will be paid a dividend of 0.30 per share by the construction company on Friday, May 24th. This represents a $1.20 dividend on an annualized basis and a yield of 0.40%. The ex-dividend date of this dividend is Friday, May 10th. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.25.

Comfort Systems USA has raised its dividend by an average of 26.0% per year over the last three years and has raised its dividend every year for the last 11 years. Comfort Systems USA has a dividend payout ratio of 7.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Comfort Systems USA to earn $12.88 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 7.8%.

Comfort Systems USA Trading Down 3.0 %

FIX traded down $9.40 during trading on Friday, hitting $302.00. The company’s stock had a trading volume of 662,976 shares, compared to its average volume of 297,811. The firm has a market capitalization of $10.78 billion, a P/E ratio of 29.90 and a beta of 1.19. Comfort Systems USA has a twelve month low of $133.24 and a twelve month high of $335.25. The company has a quick ratio of 1.07, a current ratio of 1.11 and a debt-to-equity ratio of 0.03. The stock’s fifty day moving average price is $303.25 and its 200-day moving average price is $234.42.

Comfort Systems USA (NYSE:FIX) last issued its earnings results on Thursday, April 25th. The construction company reported $2.69 EPS for the quarter, beating analysts’ consensus estimates of $2.26 by $0.43. The business had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.48 billion. Comfort Systems USA had a return on equity of 29.68% and a net margin of 6.51%. The firm’s revenue was up 30.8% compared to the same quarter last year. During the same period in the previous year, the company posted $1.51 EPS. Analysts anticipate that Comfort Systems USA will post 11.42 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. StockNews.com upgraded Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Thursday, April 4th. KeyCorp began coverage on shares of Comfort Systems USA in a report on Wednesday, January 10th. They set a “sector weight” rating for the company. UBS Group upped their target price on shares of Comfort Systems USA from $208.00 to $254.00 and gave the stock a “neutral” rating in a report on Thursday, February 15th. Finally, DA Davidson lifted their price target on Comfort Systems USA from $200.00 to $350.00 and gave the company a “buy” rating in a research note on Wednesday, February 28th.

Insiders Place Their Bets

In other news, insider Brian E. Lane sold 16,000 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $312.13, for a total value of $4,994,080.00. Following the completion of the sale, the insider now owns 227,926 shares in the company, valued at $71,142,542.38. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, insider Brian E. Lane sold 16,000 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $312.13, for a total value of $4,994,080.00. Following the transaction, the insider now owns 227,926 shares in the company, valued at approximately $71,142,542.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Constance Ellen Skidmore sold 3,000 shares of Comfort Systems USA stock in a transaction on Monday, March 11th. The stock was sold at an average price of $299.96, for a total value of $899,880.00. Following the sale, the director now owns 13,787 shares in the company, valued at $4,135,548.52. The disclosure for this sale can be found here. Insiders have sold 46,614 shares of company stock valued at $13,739,345 in the last three months. 1.80% of the stock is currently owned by insiders.

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.