Comfort Systems USA, Inc. (FIX) to Issue Quarterly Dividend of $0.40 on March 21st

Comfort Systems USA, Inc. (NYSE:FIX) declared 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 annualized dividend and a yield of 0.44%. The ex-dividend date is Monday, March 10th. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.35.

Comfort Systems USA has increased its dividend by an average of 35.7% per year over the last three years and has raised its dividend annually for the last 12 consecutive years. Comfort Systems USA has a dividend payout ratio of 7.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Comfort Systems USA to earn $17.96 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 7.8%.

Comfort Systems USA Stock Performance

Shares of Comfort Systems USA stock opened at $362.18 on Friday. The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.04. The company has a market cap of $12.89 billion, a PE ratio of 24.79 and a beta of 1.22. The company has a 50 day moving average of $446.90 and a 200-day moving average of $414.14. Comfort Systems USA has a 1-year low of $242.84 and a 1-year high of $553.09.

Comfort Systems USA (NYSE:FIX) last released its earnings results on Thursday, February 20th. The construction company reported $4.09 earnings per share for the quarter, topping the consensus estimate of $3.63 by $0.46. The firm had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.77 billion. Comfort Systems USA had a return on equity of 35.28% and a net margin of 7.43%. As a group, equities research analysts forecast that Comfort Systems USA will post 16.85 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on FIX. StockNews.com raised Comfort Systems USA from a “hold” rating to a “buy” rating in a research note on Saturday, February 15th. UBS Group raised their price target on shares of Comfort Systems USA from $525.00 to $575.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Stifel Nicolaus lifted their price target 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. Finally, Northcoast Research assumed coverage on shares of Comfort Systems USA in a research note on Friday, November 22nd. They issued a “buy” rating and a $525.00 price objective for the company. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price 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.