Comfort Systems USA, Inc. (NYSE:FIX) Plans Dividend Increase – $0.40 Per Share

Comfort Systems USA, Inc. (NYSE:FIX) announced a quarterly dividend on Thursday, February 20th, RTT News reports. Investors 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 0.42%. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.35.

Comfort Systems USA has increased its dividend by an average of 35.7% annually 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% meaning its dividend is sufficiently covered by earnings. Analysts expect Comfort Systems USA to earn $16.85 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 8.3%.

Comfort Systems USA Stock Down 3.4 %

Comfort Systems USA stock opened at $382.29 on Friday. The firm has a market capitalization of $13.61 billion, a price-to-earnings ratio of 29.25 and a beta of 1.22. The firm’s fifty day moving average price is $446.90 and its two-hundred day moving average price is $414.14. Comfort Systems USA has a 1-year low of $239.80 and a 1-year high of $553.09. The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.04.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings results on Thursday, February 20th. The construction company reported $4.09 earnings per share for the quarter, beating the consensus estimate of $3.63 by $0.46. Comfort Systems USA had a net margin of 7.18% and a return on equity of 32.74%. On average, equities research analysts predict that Comfort Systems USA will post 13.95 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on FIX shares. Stifel Nicolaus increased their price target on Comfort Systems USA from $524.00 to $577.00 and gave the company a “buy” rating in a research report on Friday, January 24th. StockNews.com raised shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a research report on Saturday, February 15th. Northcoast Research began coverage on shares of Comfort Systems USA in a research report on Friday, November 22nd. They issued a “buy” rating and a $525.00 price objective for the company. Finally, UBS Group lifted their target price on shares of Comfort Systems USA from $525.00 to $575.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Comfort Systems USA presently has an average rating of “Buy” and a consensus target price of $506.75.

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.