Comfort Systems USA (NYSE:FIX) Issues Earnings Results, Beats Estimates By $0.63 EPS

Comfort Systems USA (NYSE:FIX) issued its quarterly earnings results on Thursday. The construction company reported $3.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.11 by $0.63, Briefing.com reports. Comfort Systems USA had a net margin of 6.51% and a return on equity of 28.65%. The firm had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.69 billion. During the same period in the previous year, the business earned $1.93 EPS. The company’s revenue was up 39.6% compared to the same quarter last year.

Comfort Systems USA Stock Performance

Shares of FIX traded up $17.61 during midday trading on Friday, reaching $309.75. The stock had a trading volume of 698,097 shares, compared to its average volume of 411,842. The firm has a market cap of $11.06 billion, a PE ratio of 30.67 and a beta of 1.15. The firm has a 50 day simple moving average of $316.23 and a 200-day simple moving average of $293.29. Comfort Systems USA has a one year low of $151.89 and a one year 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.

Comfort Systems USA Announces Dividend

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

Insider Activity

In other Comfort Systems USA news, Director Darcy Anderson sold 3,500 shares of the company’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $344.90, for a total value of $1,207,150.00. Following the sale, the director now owns 40,241 shares in the company, valued at $13,879,120.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Comfort Systems USA news, 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Vance W. Tang sold 3,473 shares of the firm’s stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $310.00, for a total transaction of $1,076,630.00. Following the sale, the director now owns 8,198 shares of the company’s stock, valued at approximately $2,541,380. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 7,961 shares of company stock valued at $2,622,664. 1.80% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Comfort Systems USA from a “hold” rating to a “buy” rating in a research report on Wednesday, June 19th.

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.