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

Comfort Systems USA, Inc. (NYSE:FIX) announced a quarterly dividend on Thursday, July 25th, Wall Street Journal reports. Investors 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 of this dividend 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 increased its dividend annually for the last 12 consecutive years. Comfort Systems USA has a payout ratio of 8.5% indicating that its dividend is sufficiently covered by earnings. Research 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 Trading Up 6.0 %

FIX traded up $17.62 during mid-day trading on Friday, hitting $309.76. The stock had a trading volume of 698,198 shares, compared to its average volume of 411,842. The stock’s fifty day simple moving average is $316.36 and its 200-day simple moving average is $292.53. The firm has a market capitalization of $11.06 billion, a price-to-earnings ratio of 30.50 and a beta of 1.15. Comfort Systems USA has a 1-year low of $151.89 and a 1-year high of $352.45. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.96 and a quick ratio of 0.92.

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

Insider Buying and Selling at Comfort Systems USA

In other Comfort Systems USA news, 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 transaction, the director now owns 40,241 shares in the company, valued at $13,879,120.90. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, Director Vance W. Tang sold 3,473 shares of the firm’s stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $310.00, for a total transaction of $1,076,630.00. Following the sale, the director now owns 8,198 shares of the company’s stock, valued at approximately $2,541,380. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Darcy Anderson sold 3,500 shares of the business’s stock in a transaction on 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 owns 40,241 shares in the company, valued at approximately $13,879,120.90. The disclosure for this sale can be found here. In the last quarter, insiders have sold 7,961 shares of company stock valued at $2,622,664. 1.80% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Comfort Systems USA from a “hold” rating to a “buy” rating in a 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.