Comfort Systems USA (NYSE:FIX) Issues Quarterly Earnings Results

Comfort Systems USA (NYSE:FIX) announced its quarterly earnings results on Thursday. The construction company reported $2.69 EPS for the quarter, beating 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 analysts’ expectations of $1.48 billion. Comfort Systems USA had a net margin of 6.21% and a return on equity of 26.99%. The company’s revenue for the quarter was up 30.8% compared to the same quarter last year. During the same quarter last year, the company posted $1.51 earnings per share.

Comfort Systems USA Price Performance

Shares of FIX traded down $14.20 during midday trading on Friday, hitting $297.20. The company’s stock had a trading volume of 442,424 shares, compared to its average volume of 352,159. 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 has a one year low of $133.24 and a one year high of $335.25. The stock has a market capitalization of $10.61 billion, a price-to-earnings ratio of 34.59 and a beta of 1.19. The company’s fifty day simple moving average is $302.17 and its two-hundred day simple moving average is $233.51.

Comfort Systems USA Dividend Announcement

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

Insider Buying and Selling

In other Comfort Systems USA news, Director Pablo G. Mercado sold 1,200 shares of Comfort Systems USA stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $283.17, for a total value of $339,804.00. Following the transaction, the director now owns 11,038 shares in the company, valued at $3,125,630.46. The transaction was disclosed in a document filed 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 firm’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $283.17, for a total value of $339,804.00. Following the sale, the director now owns 11,038 shares in the company, valued at $3,125,630.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Constance Ellen Skidmore sold 3,000 shares of the company’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $299.96, for a total transaction of $899,880.00. Following the transaction, the director now owns 13,787 shares of the company’s stock, valued at $4,135,548.52. The disclosure for this sale can be found here. Insiders sold a total of 46,614 shares of company stock worth $13,739,345 in the last ninety days. 1.80% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

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

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.