Comfort Systems USA, Inc. (FIX) to Distribute Quarterly Dividend of $0.10 on November 23rd

Comfort Systems USA, Inc. (NYSE:FIX) declared a quarterly dividend on Tuesday, October 20th. Shareholders of record on Thursday, November 12th will be paid a dividend of $0.10 per share by the construction company on Monday, November 23rd. This represents a $0.40 annualized dividend and a yield of 0.0%. The ex-dividend date of this dividend is Thursday, November 12th. This is a 88.9% decrease from Comfort Systems USA’s previous quarterly dividend of $0.90.

Comfort Systems USA has raised its dividend payment by an average of 0.4% per year over the last three years and has increased its dividend every year for the last 13 years. Comfort Systems USA has a dividend payout ratio of 19.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Comfort Systems USA to earn $66.06 per share next year, which means the company should continue to be able to cover its $4.00 annual dividend with an expected future payout ratio of 6.1%.

Comfort Systems USA Stock Up 9.5%

NYSE:FIX opened at $1,114.32 on Tuesday. Comfort Systems USA has a 1-year low of $841.66 and a 1-year high of $2,073.99. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.15 and a quick ratio of 1.13. The firm’s 50-day moving average price is $1,502.76 and its 200-day moving average price is $1,597.32. The company has a market capitalization of $38.99 billion, a PE ratio of 24.06 and a beta of 1.64.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings data on Thursday, October 22nd. The construction company reported $13.91 earnings per share for the quarter, topping analysts’ consensus estimates of $12.85 by $1.06. Comfort Systems USA had a net margin of 13.01% and a return on equity of 55.24%. The business had revenue of $3.77 billion for the quarter, compared to analysts’ expectations of $3.40 billion. During the same quarter in the prior year, the company earned $8.25 earnings per share. The business’s revenue was up 53.7% compared to the same quarter last year. On average, equities analysts predict that Comfort Systems USA will post 50.32 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on FIX shares. Oppenheimer reduced their price objective on Comfort Systems USA from $2,400.00 to $2,000.00 and set an “outperform” rating for the company in a research report on Monday, October 26th. Weiss Ratings downgraded Comfort Systems USA from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, October 23rd. UBS Group cut their target price on Comfort Systems USA from $2,225.00 to $1,900.00 and set a “buy” rating on the stock in a research note on Monday, October 26th. KeyCorp reduced their price target on Comfort Systems USA from $2,125.00 to $1,979.00 and set an “overweight” rating for the company in a report on Monday, October 26th. Finally, The Goldman Sachs Group set a $1,875.00 price target on Comfort Systems USA in a research report on Tuesday, October 20th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $1,916.14.

Comfort Systems USA Company Profile

Comfort Systems USA, Inc is a provider of heating, ventilation and air conditioning (HVAC) and other mechanical services for commercial, industrial and institutional customers. Founded in 1997 and headquartered in Houston, Texas, the company serves customers across the United States through its operating businesses.

Its services include designing and installing HVAC and related mechanical systems for new construction and building renovations, as well as maintaining, repairing and replacing existing equipment.