Comfort Systems USA, Inc. (NYSE:FIX) Raises Dividend to $0.40 Per Share

Comfort Systems USA, Inc. (NYSE:FIX) announced a quarterly dividend on Thursday, February 20th, RTT News reports. Shareholders of record on Monday, March 10th will be given a dividend of 0.40 per share by the construction company on Friday, March 21st. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.42%. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.35.

Comfort Systems USA has raised its dividend by an average of 35.7% per year over the last three years and has increased its dividend annually for the last 12 consecutive years. Comfort Systems USA has a dividend payout ratio of 7.3% meaning its dividend is sufficiently covered by earnings. Analysts expect Comfort Systems USA to earn $16.85 per share next year, which means the company should continue to be able to cover its $1.40 annual dividend with an expected future payout ratio of 8.3%.

Comfort Systems USA Price Performance

Comfort Systems USA stock opened at $382.29 on Friday. The stock’s 50 day moving average is $446.90 and its 200 day moving average is $414.14. Comfort Systems USA has a one year low of $239.80 and a one year high of $553.09. The firm has a market cap of $13.61 billion, a P/E ratio of 29.25 and a beta of 1.22. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.04 and a quick ratio of 1.02.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings results on Thursday, February 20th. The construction company reported $4.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.63 by $0.46. Comfort Systems USA had a net margin of 7.18% and a return on equity of 32.74%. As a group, research analysts expect that Comfort Systems USA will post 13.95 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on FIX shares. Stifel Nicolaus boosted their target price on shares of Comfort Systems USA from $524.00 to $577.00 and gave the company a “buy” rating in a report on Friday, January 24th. Northcoast Research began coverage on Comfort Systems USA in a research note on Friday, November 22nd. They issued a “buy” rating and a $525.00 price objective on the stock. StockNews.com upgraded Comfort Systems USA from a “hold” rating to a “buy” rating in a research report on Saturday, February 15th. Finally, UBS Group lifted their target price on Comfort Systems USA from $525.00 to $575.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $506.75.

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.