DA Davidson Weighs in on Federal Signal Co.’s Q2 2024 Earnings (NYSE:FSS)

Federal Signal Co. (NYSE:FSS) – Equities research analysts at DA Davidson issued their Q2 2024 earnings estimates for shares of Federal Signal in a research note issued on Friday, May 3rd. DA Davidson analyst M. Shlisky expects that the conglomerate will earn $0.83 per share for the quarter. The consensus estimate for Federal Signal’s current full-year earnings is $3.07 per share.

Federal Signal Price Performance

Shares of NYSE FSS opened at $84.29 on Monday. The stock has a market cap of $5.15 billion, a price-to-earnings ratio of 28.48 and a beta of 1.02. Federal Signal has a 52 week low of $51.31 and a 52 week high of $88.47. The company’s 50-day moving average price is $82.32 and its 200 day moving average price is $75.83. The company has a current ratio of 2.82, a quick ratio of 1.29 and a debt-to-equity ratio of 0.26.

Federal Signal (NYSE:FSS) last issued its quarterly earnings data on Tuesday, April 30th. The conglomerate reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.09. The firm had revenue of $424.90 million for the quarter, compared to analysts’ expectations of $425.58 million. Federal Signal had a net margin of 10.31% and a return on equity of 17.36%. The firm’s revenue was up 10.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.46 EPS.

Federal Signal Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 17th will be paid a dividend of $0.12 per share. The ex-dividend date is Thursday, May 16th. This represents a $0.48 annualized dividend and a dividend yield of 0.57%. Federal Signal’s dividend payout ratio is currently 16.22%.

Institutional Investors Weigh In On Federal Signal

Several hedge funds have recently modified their holdings of FSS. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Federal Signal by 20.5% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,955 shares of the conglomerate’s stock worth $774,000 after acquiring an additional 2,204 shares during the last quarter. Park Avenue Securities LLC acquired a new stake in shares of Federal Signal in the third quarter worth approximately $362,000. Conestoga Capital Advisors LLC boosted its position in shares of Federal Signal by 52.4% in the third quarter. Conestoga Capital Advisors LLC now owns 1,318,407 shares of the conglomerate’s stock worth $78,748,000 after acquiring an additional 453,342 shares during the last quarter. Fifth Third Bancorp boosted its position in shares of Federal Signal by 155.7% in the third quarter. Fifth Third Bancorp now owns 583 shares of the conglomerate’s stock worth $35,000 after acquiring an additional 355 shares during the last quarter. Finally, Panagora Asset Management Inc. boosted its position in shares of Federal Signal by 76.4% in the third quarter. Panagora Asset Management Inc. now owns 178,646 shares of the conglomerate’s stock worth $10,671,000 after acquiring an additional 77,382 shares during the last quarter. 92.73% of the stock is owned by institutional investors and hedge funds.

About Federal Signal

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.