Comfort Systems USA, Inc. Announces Quarterly Dividend of $0.30 (NYSE:FIX)

Comfort Systems USA, Inc. (NYSE:FIX) announced a quarterly dividend on Thursday, July 25th, Wall Street Journal reports. Investors of record on Monday, August 12th will be given a dividend of 0.30 per share by the construction company on Friday, August 23rd. This represents a $1.20 dividend on an annualized basis and a yield of 0.38%. The ex-dividend date of this dividend is Monday, August 12th.

Comfort Systems USA has increased its dividend payment by an average of 26.0% per year over the last three years and has increased its dividend every year for the last 12 years. Comfort Systems USA has a payout ratio of 7.6% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Comfort Systems USA to earn $15.32 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 7.8%.

Comfort Systems USA Stock Performance

Shares of Comfort Systems USA stock opened at $313.58 on Friday. The company has a market capitalization of $11.20 billion, a PE ratio of 31.05 and a beta of 1.15. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.97 and a current ratio of 1.00. The company has a 50-day simple moving average of $312.10 and a two-hundred day simple moving average of $301.53. Comfort Systems USA has a one year low of $151.89 and a one year high of $352.45.

Comfort Systems USA (NYSE:FIX) last announced its earnings results on Thursday, July 25th. The construction company reported $3.74 EPS for the quarter, topping analysts’ consensus estimates of $3.14 by $0.60. The business had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.69 billion. Comfort Systems USA had a net margin of 7.02% and a return on equity of 31.49%. The firm’s revenue was up 39.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.93 earnings per share. Research analysts expect that Comfort Systems USA will post 13.19 EPS for the current fiscal year.

Insider Transactions at Comfort Systems USA

In other news, Director Vance W. Tang sold 988 shares of the firm’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $343.00, for a total transaction of $338,884.00. Following the sale, the director now owns 11,173 shares of the company’s stock, valued at approximately $3,832,339. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Vance W. Tang sold 988 shares of Comfort Systems USA 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 owns 11,173 shares in the company, valued at approximately $3,832,339. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Vance W. Tang sold 3,473 shares of Comfort Systems USA stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $310.00, for a total value of $1,076,630.00. Following the transaction, the director now owns 8,198 shares in the company, valued at approximately $2,541,380. The disclosure for this sale can be found here. Corporate insiders own 1.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a report 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.