Brokers Offer Predictions for Federal Signal Q4 Earnings

Federal Signal Co. (NYSE:FSS) – Equities researchers at Seaport Res Ptn boosted their Q4 2024 earnings per share estimates for Federal Signal in a report released on Monday, November 11th. Seaport Res Ptn analyst W. Liptak now anticipates that the conglomerate will earn $0.87 per share for the quarter, up from their prior forecast of $0.78. The consensus estimate for Federal Signal’s current full-year earnings is $3.34 per share. Seaport Res Ptn also issued estimates for Federal Signal’s Q1 2025 earnings at $0.71 EPS and Q2 2025 earnings at $1.02 EPS.

Separately, DA Davidson lowered their target price on Federal Signal from $94.00 to $90.00 and set a “neutral” rating on the stock in a report on Tuesday, November 5th.

Federal Signal Trading Down 1.4 %

Federal Signal stock opened at $89.29 on Thursday. Federal Signal has a 52 week low of $68.02 and a 52 week high of $102.18. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.36 and a current ratio of 2.83. The firm has a market capitalization of $5.46 billion, a PE ratio of 25.89 and a beta of 0.95. The business’s 50-day simple moving average is $88.92 and its 200-day simple moving average is $88.96.

Federal Signal (NYSE:FSS) last posted its earnings results on Thursday, October 31st. The conglomerate reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.04. The business had revenue of $474.20 million for the quarter, compared to analyst estimates of $481.71 million. Federal Signal had a net margin of 11.57% and a return on equity of 18.46%. Federal Signal’s revenue was up 6.2% compared to the same quarter last year. During the same period last year, the business posted $0.71 EPS.

Institutional Trading of Federal Signal

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. ArrowMark Colorado Holdings LLC bought a new stake in Federal Signal in the third quarter valued at $28,863,000. Assenagon Asset Management S.A. raised its position in shares of Federal Signal by 113.4% during the third quarter. Assenagon Asset Management S.A. now owns 398,031 shares of the conglomerate’s stock worth $37,200,000 after acquiring an additional 211,555 shares during the last quarter. Millennium Management LLC lifted its position in Federal Signal by 77.8% during the 2nd quarter. Millennium Management LLC now owns 445,776 shares of the conglomerate’s stock valued at $37,298,000 after purchasing an additional 195,017 shares during the period. Driehaus Capital Management LLC lifted its holdings in Federal Signal by 20.3% in the second quarter. Driehaus Capital Management LLC now owns 912,392 shares of the conglomerate’s stock valued at $76,340,000 after buying an additional 153,765 shares during the period. Finally, PineStone Asset Management Inc. bought a new position in shares of Federal Signal in the 2nd quarter worth $11,982,000. Institutional investors own 92.73% of the company’s stock.

Insider Activity at Federal Signal

In other news, Director Brenda Reichelderfer sold 25,685 shares of the stock in a transaction on Friday, August 30th. The shares were sold at an average price of $92.99, for a total value of $2,388,448.15. Following the completion of the transaction, the director now owns 57,417 shares in the company, valued at approximately $5,339,206.83. This represents a 30.91 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 3.10% of the company’s stock.

Federal Signal Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be issued a dividend of $0.12 per share. The ex-dividend date is Friday, November 15th. This represents a $0.48 annualized dividend and a dividend yield of 0.54%. Federal Signal’s payout ratio is 13.91%.

Federal Signal Company Profile

Federal Signal Corp. engages in the design and manufacture of products and integrated solutions for municipal, governmental, industrial, and commercial customers. It operates through the Environmental Solutions Group and Safety and Security Systems Group segments. The Environment Solutions Group segment is involved in the manufacture and supply of street sweeper vehicles, sewer cleaners, vacuum loader trucks, hydro-excavation trucks, and water blasting equipment.