Comfort Systems USA (NYSE:FIX) Announces Quarterly Earnings Results

Comfort Systems USA (NYSE:FIX) issued its quarterly earnings results on Thursday. The construction company reported $4.09 earnings per share for the quarter, topping analysts’ consensus estimates of $3.97 by $0.12, Briefing.com reports. Comfort Systems USA had a return on equity of 31.49% and a net margin of 7.02%. The company had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.84 billion. The business’s revenue for the quarter was up 31.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.74 EPS.

Comfort Systems USA Stock Down 10.4 %

Comfort Systems USA stock traded down $42.97 during midday trading on Friday, hitting $370.50. The stock had a trading volume of 1,355,658 shares, compared to its average volume of 244,521. The business has a fifty day moving average price of $371.25 and a 200 day moving average price of $335.49. Comfort Systems USA has a 12 month low of $152.18 and a 12 month high of $424.63. The stock has a market cap of $13.22 billion, a P/E ratio of 31.11 and a beta of 1.13. The company has a current ratio of 1.00, a quick ratio of 0.97 and a debt-to-equity ratio of 0.05.

Comfort Systems USA Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 25th. Investors of record on Thursday, November 14th will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 0.38%. The ex-dividend date of this dividend is Thursday, November 14th. Comfort Systems USA’s payout ratio is 10.08%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Comfort Systems USA from a “hold” rating to a “buy” rating in a research report on Saturday, October 12th.

Insider Buying and Selling

In related news, CFO William George III sold 5,845 shares of the company’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $332.16, for a total transaction of $1,941,475.20. Following the completion of the transaction, the chief financial officer now directly owns 55,099 shares in the company, valued at $18,301,683.84. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CFO William George III sold 5,845 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $332.16, for a total transaction of $1,941,475.20. Following the completion of the transaction, the chief financial officer now directly owns 55,099 shares in the company, valued at approximately $18,301,683.84. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Brian E. Lane sold 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $329.55, for a total value of $4,943,250.00. Following the completion of the sale, the insider now owns 219,205 shares in the company, valued at approximately $72,239,007.75. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 24,391 shares of company stock worth $8,076,855 over the last ninety days. 1.80% of the stock is owned by insiders.

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.