Comfort Systems USA (NYSE:FIX) Announces Quarterly Earnings Results, Beats Expectations By $0.60 EPS

Comfort Systems USA (NYSE:FIX) announced its earnings results on Thursday. The construction company reported $3.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.14 by $0.60, Briefing.com reports. The firm had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.69 billion. Comfort Systems USA had a net margin of 7.02% and a return on equity of 32.69%. Comfort Systems USA’s revenue was up 39.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.93 EPS.

Comfort Systems USA Price Performance

Shares of NYSE FIX opened at $309.76 on Friday. Comfort Systems USA has a twelve month low of $151.89 and a twelve month high of $352.45. The company has a current ratio of 0.96, a quick ratio of 0.92 and a debt-to-equity ratio of 0.06. The firm has a 50-day moving average of $316.23 and a two-hundred day moving average of $293.95. The company has a market capitalization of $11.06 billion, a price-to-earnings ratio of 30.67 and a beta of 1.15.

Comfort Systems USA Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 23rd. Investors of record on Monday, August 12th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 0.39%. The ex-dividend date is Monday, August 12th. Comfort Systems USA’s payout ratio is currently 11.88%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a research note on Wednesday, June 19th.

Insider Transactions at Comfort Systems USA

In other news, Director Vance W. Tang sold 988 shares of the business’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $343.00, for a total transaction of $338,884.00. Following the sale, the director now directly owns 11,173 shares of the company’s stock, valued at $3,832,339. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Vance W. Tang sold 988 shares of Comfort Systems USA stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $343.00, for a total transaction of $338,884.00. Following the transaction, the director now owns 11,173 shares in the company, valued at $3,832,339. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Darcy Anderson sold 3,500 shares of the company’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $344.90, for a total value of $1,207,150.00. Following the transaction, the director now directly owns 40,241 shares in the company, valued at $13,879,120.90. The disclosure for this sale can be found here. Insiders have sold 7,961 shares of company stock valued at $2,622,664 in the last quarter. Insiders own 1.80% of the company’s stock.

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.