Comfort Systems USA (NYSE:FIX) Issues Earnings Results, Beats Expectations By $0.60 EPS

Comfort Systems USA (NYSE:FIX) released its quarterly earnings results on Thursday. The construction company reported $3.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.14 by $0.60, Briefing.com reports. Comfort Systems USA had a net margin of 7.02% and a return on equity of 32.69%. The firm had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.69 billion. During the same quarter in the previous year, the firm posted $1.93 EPS. The firm’s quarterly revenue was up 39.6% on a year-over-year basis.

Comfort Systems USA Trading Up 6.0 %

FIX opened at $309.76 on Friday. Comfort Systems USA has a 12-month low of $151.89 and a 12-month high of $352.45. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.96 and a quick ratio of 0.92. The stock has a market capitalization of $11.06 billion, a PE ratio of 30.67 and a beta of 1.15. The firm’s fifty day moving average price is $316.23 and its 200 day moving average price is $293.95.

Comfort Systems USA Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 23rd. Stockholders of record on Monday, August 12th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.39%. The ex-dividend date of this dividend is Monday, August 12th. Comfort Systems USA’s payout ratio is currently 11.88%.

Insider Buying and Selling at Comfort Systems USA

In other news, Director Vance W. Tang sold 988 shares of the stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $343.00, for a total transaction of $338,884.00. Following the transaction, the director now owns 11,173 shares of the company’s stock, valued at $3,832,339. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Vance W. Tang sold 988 shares of the firm’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $343.00, for a total transaction of $338,884.00. Following the transaction, the director now directly owns 11,173 shares in the company, valued at $3,832,339. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Darcy Anderson sold 3,500 shares of the business’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $344.90, for a total transaction of $1,207,150.00. Following the sale, the director now owns 40,241 shares of the company’s stock, valued at approximately $13,879,120.90. The disclosure for this sale can be found here. Insiders have sold 7,961 shares of company stock worth $2,622,664 in the last ninety days. 1.80% of the stock is owned by insiders.

Analyst Ratings Changes

Separately, StockNews.com upgraded Comfort Systems USA from a “hold” rating to a “buy” rating in a research note on Wednesday, June 19th.

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.