Comfort Systems USA (NYSE:FIX) Posts Quarterly Earnings Results, Beats Estimates By $0.43 EPS

Comfort Systems USA (NYSE:FIX) issued its earnings results on Thursday. The construction company reported $2.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.26 by $0.43, Briefing.com reports. The company 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 quarterly revenue was up 30.8% on a year-over-year basis. During the same quarter last year, the business posted $1.51 EPS.

Comfort Systems USA Stock Performance

NYSE:FIX traded down $9.40 during trading hours on Friday, reaching $302.00. The company had a trading volume of 662,976 shares, compared to its average volume of 297,811. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.11 and a quick ratio of 1.07. Comfort Systems USA has a 1-year low of $133.24 and a 1-year high of $335.25. The business’s 50 day moving average price is $303.25 and its 200-day moving average price is $234.42. The firm has a market cap of $10.78 billion, a PE ratio of 29.90 and a beta of 1.19.

Comfort Systems USA Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Monday, May 13th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 0.40%. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Friday, May 10th. Comfort Systems USA’s dividend payout ratio (DPR) is 9.90%.

Insider Transactions at Comfort Systems USA

In related news, Director Pablo G. Mercado sold 1,200 shares of the business’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $283.17, for a total value of $339,804.00. Following the completion of the transaction, the director now directly owns 11,038 shares in the company, valued at approximately $3,125,630.46. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Comfort Systems USA news, Director Pablo G. Mercado sold 1,200 shares of Comfort Systems USA stock in a transaction on Monday, February 26th. The shares were sold at an average price of $283.17, for a total value of $339,804.00. Following the completion of the transaction, the director now owns 11,038 shares of the company’s stock, valued at $3,125,630.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Constance Ellen Skidmore sold 3,000 shares of the company’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $299.96, for a total transaction of $899,880.00. Following the completion of the transaction, the director now owns 13,787 shares of the company’s stock, valued at approximately $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 90 days. 1.80% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

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

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.