Comfort Systems USA (NYSE:FIX) Announces Quarterly Earnings Results

Comfort Systems USA (NYSE:FIX) announced its quarterly earnings results on Thursday. The construction company reported $2.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.26 by $0.43, Briefing.com reports. The company had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.48 billion. Comfort Systems USA had a return on equity of 26.99% and a net margin of 6.21%. Comfort Systems USA’s revenue for the quarter was up 30.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.51 earnings per share.

Comfort Systems USA Trading Down 4.7 %

Comfort Systems USA stock traded down $14.65 during midday trading on Friday, hitting $296.75. 453,966 shares of the stock were exchanged, compared to its average volume of 352,282. The company has a current ratio of 1.11, a quick ratio of 1.07 and a debt-to-equity ratio of 0.03. The stock’s 50-day simple moving average is $302.17 and its 200 day simple moving average is $233.51. Comfort Systems USA has a fifty-two week low of $133.24 and a fifty-two week high of $335.25. The stock has a market capitalization of $10.59 billion, a price-to-earnings ratio of 34.59 and a beta of 1.19.

Comfort Systems USA Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 19th. Investors of record on Friday, March 8th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.34%. The ex-dividend date was Thursday, March 7th. Comfort Systems USA’s dividend payout ratio is currently 11.11%.

Analyst Ratings Changes

A number of research firms recently issued reports on FIX. KeyCorp assumed coverage on shares of Comfort Systems USA in a research note on Wednesday, January 10th. They issued a “sector weight” rating on the stock. StockNews.com raised shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a research note on Thursday, April 4th. DA Davidson raised their target price on shares of Comfort Systems USA from $200.00 to $350.00 and gave the stock a “buy” rating in a research note on Wednesday, February 28th. Finally, UBS Group boosted their target price on Comfort Systems USA from $208.00 to $254.00 and gave the stock a “neutral” rating in a report on Thursday, February 15th.

Insider Buying and Selling at Comfort Systems USA

In other news, Director Darcy Anderson sold 3,800 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $316.60, for a total transaction of $1,203,080.00. Following the completion of the sale, the director now owns 43,741 shares in the company, valued at approximately $13,848,400.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CFO William George III sold 8,429 shares of the business’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $278.95, for a total value of $2,351,269.55. Following the sale, the chief financial officer now directly owns 62,471 shares in the company, valued at approximately $17,426,285.45. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Darcy Anderson sold 3,800 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $316.60, for a total transaction of $1,203,080.00. Following the completion of the transaction, the director now directly owns 43,741 shares in the company, valued at approximately $13,848,400.60. The disclosure for this sale can be found here. Insiders have sold 46,614 shares of company stock worth $13,739,345 in the last ninety days. 1.80% of the stock is owned by insiders.

Comfort Systems USA Company Profile

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.