Federal Signal Co. (NYSE:FSS) has been assigned a consensus rating of “Buy” from the seven brokerages that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $21.00.
Several brokerages have recently issued reports on FSS. Zacks Investment Research raised shares of Federal Signal from a “hold” rating to a “strong-buy” rating and set a $22.00 price target for the company in a report on Tuesday, February 6th. Seaport Global Securities reissued a “buy” rating on shares of Federal Signal in a report on Thursday, March 1st. Sidoti began coverage on shares of Federal Signal in a report on Tuesday, February 20th. They set a “neutral” rating for the company. Finally, ValuEngine raised shares of Federal Signal from a “hold” rating to a “buy” rating in a report on Wednesday, February 28th.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Elkfork Partners LLC bought a new stake in shares of Federal Signal during the fourth quarter valued at about $130,000. GW&K Investment Management LLC bought a new stake in shares of Federal Signal during the fourth quarter valued at about $200,000. SG Americas Securities LLC bought a new stake in shares of Federal Signal during the third quarter valued at about $212,000. TCW Group Inc. bought a new stake in shares of Federal Signal during the fourth quarter valued at about $225,000. Finally, Two Sigma Investments LP bought a new stake in shares of Federal Signal during the fourth quarter valued at about $257,000. Institutional investors and hedge funds own 87.64% of the company’s stock.
Shares of FSS opened at $22.23 on Wednesday. Federal Signal has a 1 year low of $13.07 and a 1 year high of $23.64. The firm has a market cap of $1,333.80, a PE ratio of 26.15 and a beta of 1.14. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.59 and a quick ratio of 1.42.
Federal Signal (NYSE:FSS) last announced its quarterly earnings results on Wednesday, February 28th. The conglomerate reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.04. Federal Signal had a net margin of 6.86% and a return on equity of 12.07%. The company had revenue of $247.60 million during the quarter, compared to the consensus estimate of $228.90 million. During the same quarter in the previous year, the company posted $0.16 earnings per share. The company’s revenue for the quarter was up 40.6% compared to the same quarter last year. analysts anticipate that Federal Signal will post 1.17 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 19th. Investors of record on Monday, March 5th were paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date of this dividend was Friday, March 2nd. Federal Signal’s dividend payout ratio is currently 32.94%.
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Federal Signal Company Profile
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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