Wall Street analysts forecast that Federal Signal Co. (NYSE:FSS) will report earnings per share of $0.43 for the current quarter, according to Zacks. Three analysts have made estimates for Federal Signal’s earnings. The highest EPS estimate is $0.45 and the lowest is $0.41. Federal Signal reported earnings per share of $0.39 in the same quarter last year, which suggests a positive year over year growth rate of 10.3%. The company is expected to announce its next earnings report on Thursday, February 27th.
According to Zacks, analysts expect that Federal Signal will report full-year earnings of $1.74 per share for the current year, with EPS estimates ranging from $1.73 to $1.76. For the next fiscal year, analysts expect that the firm will post earnings of $1.93 per share, with EPS estimates ranging from $1.84 to $2.05. Zacks’ EPS averages are an average based on a survey of analysts that cover Federal Signal.
Federal Signal (NYSE:FSS) last announced its quarterly earnings results on Thursday, October 31st. The conglomerate reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.05. Federal Signal had a net margin of 9.37% and a return on equity of 18.45%. The firm had revenue of $308.80 million during the quarter, compared to analyst estimates of $309.06 million. During the same period in the previous year, the business posted $0.36 earnings per share. The business’s revenue for the quarter was up 14.6% on a year-over-year basis.
A number of analysts have recently commented on the stock. ValuEngine lowered shares of Federal Signal from a “hold” rating to a “sell” rating in a research note on Tuesday. Zacks Investment Research upgraded shares of Federal Signal from a “hold” rating to a “buy” rating and set a $37.00 price target for the company in a research note on Tuesday, November 5th.
Shares of FSS stock traded up $0.28 during trading hours on Wednesday, reaching $32.44. The company had a trading volume of 422,282 shares, compared to its average volume of 327,503. The business has a fifty day moving average price of $32.99 and a 200-day moving average price of $29.63. Federal Signal has a one year low of $18.59 and a one year high of $35.75. The firm has a market cap of $1.99 billion, a PE ratio of 22.69 and a beta of 1.57. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.17 and a current ratio of 2.32.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Wednesday, November 13th were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date was Tuesday, November 12th. Federal Signal’s payout ratio is 22.38%.
In related news, VP Svetlana Vinokur sold 10,818 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $32.30, for a total value of $349,421.40. Following the transaction, the vice president now owns 23,774 shares of the company’s stock, valued at $767,900.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Ian A. Hudson sold 45,087 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $32.04, for a total transaction of $1,444,587.48. Following the completion of the transaction, the chief financial officer now directly owns 48,974 shares in the company, valued at approximately $1,569,126.96. The disclosure for this sale can be found here. In the last three months, insiders sold 95,905 shares of company stock worth $3,137,209. 4.00% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Optimum Investment Advisors purchased a new position in shares of Federal Signal in the third quarter worth approximately $33,000. Point72 Asset Management L.P. purchased a new position in shares of Federal Signal in the second quarter worth approximately $40,000. Parallel Advisors LLC boosted its holdings in shares of Federal Signal by 43.8% in the second quarter. Parallel Advisors LLC now owns 2,300 shares of the conglomerate’s stock worth $62,000 after buying an additional 700 shares during the last quarter. Contravisory Investment Management Inc. purchased a new position in shares of Federal Signal in the third quarter worth approximately $145,000. Finally, First Mercantile Trust Co. boosted its holdings in shares of Federal Signal by 11.6% in the third quarter. First Mercantile Trust Co. now owns 4,901 shares of the conglomerate’s stock worth $160,000 after buying an additional 508 shares during the last quarter. 90.22% of the stock is currently owned by institutional investors.
About Federal Signal
Federal Signal Corporation, together with its subsidiaries, designs, manufactures, and supplies a suite of products and integrated solutions for municipal, governmental, industrial, and commercial customers in the United States, Canada, Europe, and internationally. It operates through two segments, Environmental Solutions Group and Safety and Security Systems Group.
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