Comfort Systems USA, Inc. (NYSE:FIX) Increases Dividend to $0.90 Per Share

Comfort Systems USA, Inc. (NYSE:FIX) announced a quarterly dividend on Thursday, July 23rd. Shareholders of record on Thursday, August 13th will be paid a dividend of 0.90 per share by the construction company on Monday, August 24th. This represents a c) dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Thursday, August 13th. This is a 12.5% increase from Comfort Systems USA’s previous quarterly dividend of $0.80.

Comfort Systems USA has raised its dividend by an average of 0.4%annually over the last three years and has increased its dividend every year for the last 13 years. Comfort Systems USA has a payout ratio of 15.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Comfort Systems USA to earn $52.93 per share next year, which means the company should continue to be able to cover its $3.20 annual dividend with an expected future payout ratio of 6.0%.

Comfort Systems USA Price Performance

Shares of NYSE FIX opened at $1,830.08 on Friday. The stock has a market cap of $64.42 billion, a P/E ratio of 52.80 and a beta of 1.66. Comfort Systems USA has a twelve month low of $543.24 and a twelve month high of $2,073.99. The stock has a 50 day moving average of $1,841.07 and a two-hundred day moving average of $1,567.54. The company has a current ratio of 1.24, a quick ratio of 1.21 and a debt-to-equity ratio of 0.01.

Comfort Systems USA (NYSE:FIX) last announced its earnings results on Thursday, July 23rd. The construction company reported $12.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $10.45 by $2.08. The business had revenue of $3.27 billion for the quarter, compared to analyst estimates of $2.99 billion. Comfort Systems USA had a net margin of 12.07% and a return on equity of 51.69%. The company’s revenue for the quarter was up 50.3% compared to the same quarter last year. During the same period last year, the firm posted $6.53 earnings per share. On average, research analysts forecast that Comfort Systems USA will post 43.39 earnings per share for the current year.

Analyst Upgrades and Downgrades

FIX has been the topic of a number of recent research reports. UBS Group boosted their target price on Comfort Systems USA from $1,992.00 to $2,125.00 and gave the company a “buy” rating in a report on Monday, June 8th. The Goldman Sachs Group assumed coverage on Comfort Systems USA in a report on Thursday, July 9th. They set a “buy” rating and a $2,159.00 price target for the company. Erste Group Bank lowered shares of Comfort Systems USA from a “buy” rating to a “hold” rating in a research report on Wednesday, July 15th. KeyCorp raised shares of Comfort Systems USA from a “sector weight” rating to an “overweight” rating and set a $2,004.00 price objective on the stock in a research note on Friday, April 24th. Finally, Wall Street Zen cut shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 10th. Nine research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Comfort Systems USA presently has a consensus rating of “Moderate Buy” and an average price target of $2,015.43.

About Comfort Systems USA

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.