Comfort Systems USA (NYSE:FIX) Posts Earnings Results, Beats Estimates By $0.46 EPS

Comfort Systems USA (NYSE:FIX) issued its earnings results on Thursday. The construction company reported $4.09 EPS for the quarter, beating the consensus estimate of $3.63 by $0.46, Zacks reports. The company had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.77 billion. Comfort Systems USA had a return on equity of 32.74% and a net margin of 7.18%.

Comfort Systems USA Price Performance

Shares of FIX traded down $0.85 during midday trading on Friday, reaching $381.28. The stock had a trading volume of 315,322 shares, compared to its average volume of 501,523. 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 capitalization of $13.57 billion, a price-to-earnings ratio of 29.31 and a beta of 1.22. The company’s 50-day moving average is $446.90 and its 200 day moving average is $414.14. Comfort Systems USA has a 12-month low of $242.84 and a 12-month high of $553.09.

Comfort Systems USA Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Monday, March 10th will be given a dividend of $0.40 per share. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.35. This represents a $1.60 dividend on an annualized basis and a yield of 0.42%. Comfort Systems USA’s dividend payout ratio (DPR) is presently 10.71%.

Wall Street Analysts Forecast Growth

FIX has been the topic of a number of recent research reports. Stifel Nicolaus raised their target price on Comfort Systems USA from $524.00 to $577.00 and gave the company a “buy” rating in a report on Friday, January 24th. Northcoast Research initiated coverage on Comfort Systems USA in a research note on Friday, November 22nd. They set a “buy” rating and a $525.00 price objective on the stock. StockNews.com upgraded shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a research note on Saturday, February 15th. Finally, UBS Group increased their target price on shares of Comfort Systems USA from $525.00 to $575.00 and gave the company a “buy” rating in a report on Monday, December 9th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Comfort Systems USA currently has an average rating of “Buy” and a consensus price target 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.