Comfort Systems USA, Inc. (NYSE:FIX) Shares to Pay Quarterly Dividend of $0.10

Comfort Systems USA, Inc. (NYSE:FIX) announced a quarterly dividend on Thursday, October 22nd. Investors of record on Thursday, November 12th will be given 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 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% annually 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 17.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect Comfort Systems USA to earn $59.29 per share next year, which means the company should continue to be able to cover its $3.60 annual dividend with an expected future payout ratio of 6.1%.

Comfort Systems USA Stock Performance

FIX opened at $1,273.29 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.21 and a quick ratio of 1.19. The business has a fifty day simple moving average of $1,616.95 and a 200 day simple moving average of $1,731.34. Comfort Systems USA has a 1 year low of $791.36 and a 1 year high of $2,073.99. The company has a market capitalization of $44.81 billion, a PE ratio of 31.32 and a beta of 1.66.

Comfort Systems USA (NYSE:FIX) last posted its earnings results 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 return on equity of 53.55% and a net margin of 12.77%. The company had revenue of $3.77 billion during the quarter, compared to the consensus estimate of $3.40 billion. During the same quarter last year, the firm earned $8.25 earnings per share. The company’s revenue was up 53.7% on a year-over-year basis. Research analysts expect that Comfort Systems USA will post 48.80 EPS for the current year.

Wall Street Analyst Weigh In

FIX has been the topic of a number of analyst reports. The Goldman Sachs Group set a $1,875.00 target price on shares of Comfort Systems USA in a research report on Tuesday. Weiss Ratings upgraded Comfort Systems USA from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, October 8th. KeyCorp boosted their price target on Comfort Systems USA from $2,110.00 to $2,125.00 and gave the company an “overweight” rating in a research note on Thursday, October 15th. Erste Group Bank lowered Comfort Systems USA from a “buy” rating to a “hold” rating in a research note on Wednesday, July 15th. Finally, Stifel Nicolaus set a $1,910.00 price objective on Comfort Systems USA and gave the company a “buy” rating in a report on Monday, July 27th. Eight analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $2,044.43.

Comfort Systems USA Company Profile

Comfort Systems USA, Inc (NYSE:FIX) is a provider of mechanical and electrical contracting services for commercial, industrial, and institutional customers. The company designs, installs, maintains, repairs, and replaces heating, ventilation, air conditioning, and temperature-control systems, as well as plumbing, piping, electrical, and related building systems.

Its services support new construction, building renovations, facility upgrades, and ongoing maintenance. Comfort Systems USA also provides specialized services for data centers, manufacturing facilities, healthcare buildings, educational institutions, and other complex commercial and industrial projects.

Founded in 1997 and headquartered in Houston, Texas, the company operates through a network of regional contracting businesses serving customers across the United States.