Comfort Systems USA (FIX) Issues Earnings Results

Comfort Systems USA (NYSE:FIX) released its quarterly earnings results on Friday. The construction company reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.18, Fidelity Earnings reports. The business had revenue of $594.54 million for the quarter, compared to the consensus estimate of $566.75 million. Comfort Systems USA had a net margin of 4.64% and a return on equity of 23.34%.

Shares of Comfort Systems USA stock traded up $3.17 during midday trading on Friday, reaching $53.47. 999,403 shares of the company’s stock traded hands, compared to its average volume of 322,029. The company has a market capitalization of $1.87 billion, a P/E ratio of 30.73, a P/E/G ratio of 1.85 and a beta of 1.30. The company has a current ratio of 1.34, a quick ratio of 1.31 and a debt-to-equity ratio of 0.13. Comfort Systems USA has a 52 week low of $37.90 and a 52 week high of $59.05.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 20th. Stockholders of record on Friday, November 9th will be issued a dividend of $0.09 per share. The ex-dividend date of this dividend is Thursday, November 8th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.67%. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.09. Comfort Systems USA’s dividend payout ratio (DPR) is currently 19.54%.

A number of research firms have recently weighed in on FIX. Zacks Investment Research upgraded shares of Comfort Systems USA from a “hold” rating to a “buy” rating and set a $54.00 price target on the stock in a report on Tuesday, July 24th. DA Davidson set a $55.00 price target on shares of Comfort Systems USA and gave the company a “hold” rating in a report on Monday, July 30th. Four analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $59.00.

In other news, Chairman Franklin Myers bought 3,047 shares of the stock in a transaction that occurred on Thursday, August 23rd. The shares were acquired at an average cost of $56.76 per share, for a total transaction of $172,947.72. Following the purchase, the chairman now owns 225,000 shares of the company’s stock, valued at approximately $12,771,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO William George III sold 29,888 shares of the firm’s stock in a transaction on Tuesday, July 31st. The shares were sold at an average price of $54.24, for a total transaction of $1,621,125.12. Following the completion of the transaction, the chief financial officer now owns 45,675 shares in the company, valued at $2,477,412. The disclosure for this sale can be found here. Insiders have sold a total of 65,153 shares of company stock worth $3,544,759 in the last 90 days. 3.48% of the stock is owned by insiders.

About Comfort Systems USA

Comfort Systems USA, Inc provides mechanical installation, renovation, maintenance, repair, and replacement services for the mechanical services industry in the United States. It is involved in the design, engineering, integration, installation, and start-up of mechanical and related systems; and maintenance, repair, replacement, renovation, expansion, reconfiguration, and monitoring of mechanical systems, including heating, ventilation, and air conditioning (HVAC) systems, as well as industrial process piping.

Read More: Outstanding Shares

Earnings History for Comfort Systems USA (NYSE:FIX)

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