Q1 2024 EPS Estimates for Federal Signal Co. Boosted by Seaport Res Ptn (NYSE:FSS)

Federal Signal Co. (NYSE:FSS) – Analysts at Seaport Res Ptn increased their Q1 2024 earnings per share estimates for Federal Signal in a research note issued on Wednesday, March 27th. Seaport Res Ptn analyst W. Liptak now forecasts that the conglomerate will post earnings of $0.50 per share for the quarter, up from their prior estimate of $0.48. The consensus estimate for Federal Signal’s current full-year earnings is $2.95 per share. Seaport Res Ptn also issued estimates for Federal Signal’s Q2 2024 earnings at $0.76 EPS, Q3 2024 earnings at $0.78 EPS, Q4 2024 earnings at $0.93 EPS, FY2024 earnings at $2.97 EPS, Q1 2025 earnings at $0.61 EPS, Q2 2025 earnings at $0.84 EPS, Q3 2025 earnings at $0.85 EPS and FY2025 earnings at $3.33 EPS.

Federal Signal Trading Up 0.4 %

NYSE:FSS opened at $84.87 on Thursday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.36 and a current ratio of 2.91. Federal Signal has a one year low of $49.82 and a one year high of $85.98. The business’s 50-day simple moving average is $79.55 and its 200 day simple moving average is $71.12. The stock has a market cap of $5.18 billion, a price-to-earnings ratio of 33.02 and a beta of 1.03.

Federal Signal (NYSE:FSS) last issued its earnings results on Tuesday, February 27th. The conglomerate reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.07. Federal Signal had a return on equity of 16.88% and a net margin of 9.14%. The company had revenue of $448.40 million during the quarter, compared to the consensus estimate of $422.45 million. During the same quarter in the prior year, the business earned $0.57 earnings per share. The company’s revenue was up 14.5% compared to the same quarter last year.

Federal Signal Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were paid a dividend of $0.12 per share. The ex-dividend date was Thursday, March 14th. This represents a $0.48 annualized dividend and a yield of 0.57%. This is a boost from Federal Signal’s previous quarterly dividend of $0.10. Federal Signal’s dividend payout ratio is presently 18.68%.

Institutional Trading of Federal Signal

Several institutional investors and hedge funds have recently bought and sold shares of FSS. Norges Bank acquired a new stake in shares of Federal Signal during the 4th quarter valued at $52,130,000. Invesco Ltd. lifted its holdings in shares of Federal Signal by 156.3% in the third quarter. Invesco Ltd. now owns 945,571 shares of the conglomerate’s stock valued at $56,479,000 after purchasing an additional 576,643 shares in the last quarter. Conestoga Capital Advisors LLC lifted its holdings 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 valued at $78,748,000 after purchasing an additional 453,342 shares in the last quarter. Silvercrest Asset Management Group LLC lifted its holdings in shares of Federal Signal by 27.8% in the second quarter. Silvercrest Asset Management Group LLC now owns 1,513,718 shares of the conglomerate’s stock valued at $96,923,000 after purchasing an additional 329,444 shares in the last quarter. Finally, Macquarie Group Ltd. lifted its holdings in shares of Federal Signal by 12.2% in the first quarter. Macquarie Group Ltd. now owns 2,582,443 shares of the conglomerate’s stock valued at $139,994,000 after purchasing an additional 280,651 shares in the last quarter. Institutional investors and hedge funds own 92.73% of the company’s stock.

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.