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

Comfort Systems USA (NYSE:FIX) issued its quarterly earnings data on Thursday. The construction company reported $2.69 EPS for the quarter, topping analysts’ consensus estimates of $2.26 by $0.43, Briefing.com reports. The firm 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 26.99% and a net margin of 6.21%. The company’s revenue for the quarter was up 30.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.51 EPS.

Comfort Systems USA Stock Down 4.4 %

Shares of NYSE:FIX traded down $13.82 during midday trading on Friday, reaching $297.58. The company’s stock had a trading volume of 299,951 shares, compared to its average volume of 350,291. Comfort Systems USA has a 12-month low of $133.24 and a 12-month high of $335.25. The firm has a 50 day moving average of $302.17 and a 200-day moving average of $233.51. The firm has a market capitalization of $10.62 billion, a P/E ratio of 34.59 and a beta of 1.19. The company has a quick ratio of 1.07, a current ratio of 1.11 and a debt-to-equity ratio of 0.03.

Comfort Systems USA Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 19th. Shareholders of record on Friday, March 8th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.34%. Comfort Systems USA’s dividend payout ratio (DPR) is 11.11%.

Insider Activity at Comfort Systems USA

In other news, insider Brian E. Lane sold 16,000 shares of the firm’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $312.13, for a total transaction of $4,994,080.00. Following the sale, the insider now owns 227,926 shares of the company’s stock, valued at approximately $71,142,542.38. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Comfort Systems USA news, Director Pablo G. Mercado sold 1,200 shares of the stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $283.17, for a total transaction of $339,804.00. Following the completion of the sale, the director now directly owns 11,038 shares of the company’s stock, valued at approximately $3,125,630.46. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Brian E. Lane sold 16,000 shares of Comfort Systems USA stock in a transaction dated 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 completion of the sale, the insider now directly owns 227,926 shares in the company, valued at $71,142,542.38. The disclosure for this sale can be found here. Insiders sold a total of 46,614 shares of company stock valued at $13,739,345 in the last 90 days. Corporate insiders own 1.80% of the company’s stock.

Analysts Set New Price Targets

FIX has been the topic of a number of analyst reports. UBS Group lifted their price objective 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. KeyCorp began coverage on Comfort Systems USA in a report on Wednesday, January 10th. They issued a “sector weight” rating for the company. StockNews.com upgraded Comfort Systems USA from a “hold” rating to a “buy” rating in a research report on Thursday, April 4th. Finally, DA Davidson raised their price objective on shares of Comfort Systems USA from $200.00 to $350.00 and gave the company a “buy” rating in a research report on Wednesday, February 28th.

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.