Comfort Systems USA, Inc. (NYSE:FIX) Declares Quarterly Dividend of $0.60

Key Points

• Comfort Systems USA, Inc. declared a quarterly dividend of $0.60 per share, representing a 20% increase from the previous dividend, with shareholders of record set to be paid on November 24th.
• The company's dividend payout ratio is currently 8.5%, indicating strong coverage by earnings, with future expectations suggesting this will remain sustainable.
• Recent analyst upgrades have increased the target price for Comfort Systems USA, with a consensus price target now at $735.80 and several firms giving it a "buy" rating.

Comfort Systems USA, Inc. (NYSE:FIX - Get Free Report) declared a quarterly dividend on Thursday, October 23rd. Shareholders of record on Thursday, November 13th will be paid a dividend of 0.60 per share by the construction company on Monday, November 24th. This represents a c) annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Thursday, November 13th. This is a 20.0% increase from Comfort Systems USA's previous quarterly dividend of $0.50.

Comfort Systems USA has a dividend payout ratio of 8.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect Comfort Systems USA to earn $17.96 per share next year, which means the company should continue to be able to cover its $1.80 annual dividend with an expected future payout ratio of 10.0%.

Comfort Systems USA Trading Up 4.8%

FIX opened at $828.28 on Friday. The business has a fifty day moving average price of $770.78 and a 200 day moving average price of $594.08. The stock has a market capitalization of $29.22 billion, a price-to-earnings ratio of 42.56 and a beta of 1.58. Comfort Systems USA has a 12 month low of $276.44 and a 12 month high of $861.77. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.13 and a quick ratio of 1.10.

Comfort Systems USA (NYSE:FIX - Get Free Report) last announced its quarterly earnings data on Monday, August 15th. The construction company reported $0.90 EPS for the quarter. The company had revenue of $713.90 million for the quarter. Comfort Systems USA had a net margin of 9.01% and a return on equity of 39.33%. Sell-side analysts expect that Comfort Systems USA will post 16.85 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on FIX. UBS Group boosted their target price on Comfort Systems USA from $710.00 to $875.00 and gave the company a "buy" rating in a report on Monday, September 15th. DA Davidson raised their price objective on shares of Comfort Systems USA from $630.00 to $810.00 and gave the company a "buy" rating in a research report on Monday, July 28th. Zacks Research downgraded Comfort Systems USA from a "strong-buy" rating to a "hold" rating in a research note on Friday, September 26th. Weiss Ratings restated a "buy (b)" rating on shares of Comfort Systems USA in a research note on Wednesday, October 8th. Finally, William Blair began coverage on Comfort Systems USA in a research report on Thursday, September 11th. They issued an "outperform" rating for the company. Six research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, Comfort Systems USA currently has an average rating of "Moderate Buy" and a consensus price target of $735.80.

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.

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