Comfort Systems USA, Inc. (NYSE:FIX) to Issue $0.30 Quarterly Dividend

Comfort Systems USA, Inc. (NYSE:FIX) declared a quarterly dividend on Thursday, July 25th, Wall Street Journal reports. Shareholders of record on Monday, August 12th will be given a dividend of 0.30 per share by the construction company on Friday, August 23rd. This represents a $1.20 dividend on an annualized basis and a yield of 0.39%. The ex-dividend date is Monday, August 12th.

Comfort Systems USA has raised its dividend payment by an average of 26.0% annually over the last three years and has raised its dividend every year for the last 12 years. Comfort Systems USA has a payout ratio of 8.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Comfort Systems USA to earn $14.07 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 8.5%.

Comfort Systems USA Stock Up 6.0 %

Shares of NYSE FIX traded up $17.62 during midday trading on Friday, reaching $309.76. 698,198 shares of the company’s stock traded hands, compared to its average volume of 411,842. Comfort Systems USA has a one year low of $151.89 and a one year high of $352.45. The stock’s 50 day simple moving average is $316.36 and its 200-day simple moving average is $292.53. The company has a market cap of $11.06 billion, a price-to-earnings ratio of 30.50 and a beta of 1.15. The company has a quick ratio of 0.92, a current ratio of 0.96 and a debt-to-equity ratio of 0.06.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings data on Thursday, July 25th. The construction company reported $3.74 earnings per share for the quarter, beating analysts’ consensus estimates of $3.11 by $0.63. Comfort Systems USA had a return on equity of 28.65% and a net margin of 6.51%. The company had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.69 billion. During the same quarter last year, the company earned $1.93 earnings per share. The firm’s revenue for the quarter was up 39.6% compared to the same quarter last year. On average, analysts predict that Comfort Systems USA will post 12.24 EPS for the current fiscal year.

Insider Transactions at Comfort Systems USA

In other news, Director Darcy Anderson sold 3,500 shares of the business’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $344.90, for a total transaction of $1,207,150.00. Following the sale, the director now owns 40,241 shares in the company, valued at $13,879,120.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Vance W. Tang sold 3,473 shares of the stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $310.00, for a total value of $1,076,630.00. Following the transaction, the director now directly owns 8,198 shares of the company’s stock, valued at $2,541,380. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Darcy Anderson sold 3,500 shares of Comfort Systems USA stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $344.90, for a total value of $1,207,150.00. Following the sale, the director now directly owns 40,241 shares of the company’s stock, valued at approximately $13,879,120.90. The disclosure for this sale can be found here. Insiders sold 7,961 shares of company stock valued at $2,622,664 in the last quarter. 1.80% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a research report on Wednesday, June 19th.

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.