Comfort Systems USA, Inc. (FIX) To Go Ex-Dividend on March 6th

Comfort Systems USA, Inc. (NYSE:FIX) announced a quarterly dividend on Thursday, February 19th. Stockholders of record on Friday, March 6th will be given a dividend of 0.70 per share by the construction company on Tuesday, March 17th. This represents a c) dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Friday, March 6th. This is a 16.7% increase from Comfort Systems USA’s previous quarterly dividend of $0.60.

Comfort Systems USA has increased its dividend by an average of 0.4%per year over the last three years and has increased its dividend annually for the last 13 consecutive years. Comfort Systems USA has a dividend payout ratio of 13.3% meaning its dividend is sufficiently covered by earnings. Analysts expect Comfort Systems USA to earn $17.96 per share next year, which means the company should continue to be able to cover its $2.80 annual dividend with an expected future payout ratio of 15.6%.

Comfort Systems USA Trading Down 3.5%

Shares of FIX stock opened at $1,388.19 on Wednesday. The stock has a market cap of $48.82 billion, a P/E ratio of 48.03 and a beta of 1.63. The company has a quick ratio of 1.19, a current ratio of 1.21 and a debt-to-equity ratio of 0.06. Comfort Systems USA has a fifty-two week low of $276.44 and a fifty-two week high of $1,500.00. The business has a fifty day simple moving average of $1,175.77 and a 200-day simple moving average of $970.69.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings data on Thursday, February 19th. The construction company reported $9.37 EPS for the quarter, beating analysts’ consensus estimates of $6.75 by $2.62. Comfort Systems USA had a net margin of 11.23% and a return on equity of 48.52%. The firm had revenue of $2.65 billion for the quarter, compared to analysts’ expectations of $2.34 billion. During the same period in the prior year, the company earned $4.09 EPS. The firm’s revenue was up 41.7% on a year-over-year basis. On average, analysts forecast that Comfort Systems USA will post 16.85 earnings per share for the current fiscal year.

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.