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

Comfort Systems USA (NYSE:FIX) released its quarterly earnings data on Thursday. The construction company reported $2.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.26 by $0.43, Briefing.com reports. Comfort Systems USA had a net margin of 6.51% and a return on equity of 29.68%. The firm had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same period last year, the firm earned $1.51 earnings per share. The company’s quarterly revenue was up 30.8% on a year-over-year basis.

Comfort Systems USA Stock Down 3.0 %

FIX traded down $9.40 during trading on Friday, hitting $302.00. The stock had a trading volume of 662,976 shares, compared to its average volume of 297,811. The company has a market capitalization of $10.78 billion, a PE ratio of 29.90 and a beta of 1.19. Comfort Systems USA has a twelve month low of $133.24 and a twelve month high of $335.25. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.07 and a current ratio of 1.11. The stock has a 50 day simple moving average of $303.25 and a two-hundred day simple moving average of $234.88.

Comfort Systems USA Increases Dividend

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

Insider Buying and Selling at Comfort Systems USA

In other news, COO T Mckenna Trent sold 14,185 shares of Comfort Systems USA stock in a transaction on Monday, February 26th. The shares were sold at an average price of $278.55, for a total transaction of $3,951,231.75. Following the completion of the sale, the chief operating officer now directly owns 22,644 shares in the company, valued at $6,307,486.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, CFO William George III sold 8,429 shares of Comfort Systems USA stock in a transaction on Monday, February 26th. The shares were sold at an average price of $278.95, for a total transaction of $2,351,269.55. Following the completion of the sale, the chief financial officer now directly owns 62,471 shares in the company, valued at $17,426,285.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, COO T Mckenna Trent sold 14,185 shares of Comfort Systems USA stock in a transaction on Monday, February 26th. The stock was sold at an average price of $278.55, for a total transaction of $3,951,231.75. Following the sale, the chief operating officer now owns 22,644 shares of the company’s stock, valued at $6,307,486.20. The disclosure for this sale can be found here. Insiders sold a total of 46,614 shares of company stock worth $13,739,345 over the last three months. Corporate insiders own 1.80% of the company’s stock.

Analysts Set New Price Targets

FIX has been the topic of a number of recent research reports. DA Davidson increased 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 note on Wednesday, February 28th. StockNews.com upgraded shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a research note on Thursday, April 4th. UBS Group raised their target price on shares of Comfort Systems USA from $208.00 to $254.00 and gave the company a “neutral” rating in a research note on Thursday, February 15th. Finally, KeyCorp initiated coverage on shares of Comfort Systems USA in a research note on Wednesday, January 10th. They issued a “sector weight” rating for the company.

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.