Federal Signal Corporation (NYSE:FSS – Get Free Report) announced a quarterly dividend on Tuesday, July 28th. Shareholders of record on Friday, August 14th will be paid a dividend of 0.15 per share by the conglomerate on Thursday, August 27th. This represents a c) annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Friday, August 14th.
Federal Signal has increased its dividend by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 3 years. Federal Signal has a dividend payout ratio of 14.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Federal Signal to earn $5.73 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 10.5%.
Federal Signal Stock Up 1.1%
FSS stock opened at $128.22 on Wednesday. The firm has a 50 day moving average of $119.64 and a 200 day moving average of $115.54. The stock has a market capitalization of $7.83 billion, a PE ratio of 27.63, a price-to-earnings-growth ratio of 1.73 and a beta of 1.24. The company has a quick ratio of 1.21, a current ratio of 2.74 and a debt-to-equity ratio of 0.30. Federal Signal has a 52 week low of $101.18 and a 52 week high of $134.51.
Analysts Set New Price Targets
Several equities analysts recently issued reports on FSS shares. KeyCorp reissued an “overweight” rating and issued a $140.00 target price on shares of Federal Signal in a research report on Thursday, April 30th. DA Davidson boosted their price target on Federal Signal from $125.00 to $132.00 and gave the company a “neutral” rating in a research note on Friday, May 1st. Zacks Research raised Federal Signal from a “hold” rating to a “strong-buy” rating in a report on Monday, May 4th. Wall Street Zen cut Federal Signal from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Finally, Weiss Ratings upgraded Federal Signal from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, June 23rd. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Federal Signal has a consensus rating of “Buy” and an average target price of $137.33.
Get Our Latest Stock Report on FSS
Federal Signal Company Profile
Federal Signal Corporation (NYSE: FSS), headquartered in Oak Brook, Illinois, is a diversified industrial company that designs, manufactures and markets a broad range of products and services for municipal, commercial and industrial customers worldwide. Founded in 1901 in Chicago, the company has grown through a combination of organic investment and strategic acquisitions to become a leading provider of environmental management and safety and security solutions.
Federal Signal operates through two primary business segments.
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