Equities analysts predict that Federal Signal Co. (NYSE:FSS) will post earnings of $0.32 per share for the current quarter, according to Zacks. Three analysts have made estimates for Federal Signal’s earnings. The highest EPS estimate is $0.32 and the lowest is $0.31. Federal Signal reported earnings of $0.24 per share in the same quarter last year, which indicates a positive year over year growth rate of 33.3%. The business is expected to announce its next quarterly earnings report on Wednesday, February 27th.
On average, analysts expect that Federal Signal will report full year earnings of $1.36 per share for the current financial year, with EPS estimates ranging from $1.35 to $1.36. For the next fiscal year, analysts anticipate that the business will post earnings of $1.52 per share, with EPS estimates ranging from $1.46 to $1.55. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that follow Federal Signal.
Federal Signal (NYSE:FSS) last released its earnings results on Tuesday, November 6th. The conglomerate reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.04. The business had revenue of $269.40 million for the quarter, compared to the consensus estimate of $267.15 million. Federal Signal had a return on equity of 16.15% and a net margin of 8.69%. The business’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.24 earnings per share.
Several equities analysts have recently weighed in on the company. Zacks Investment Research downgraded Federal Signal from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 9th. ValuEngine downgraded Federal Signal from a “buy” rating to a “hold” rating in a research report on Tuesday, October 23rd.
A number of institutional investors have recently made changes to their positions in the stock. BlackRock Inc. lifted its position in Federal Signal by 3.9% during the third quarter. BlackRock Inc. now owns 8,509,443 shares of the conglomerate’s stock worth $227,884,000 after buying an additional 323,261 shares in the last quarter. Bank of New York Mellon Corp lifted its position in Federal Signal by 4.5% during the third quarter. Bank of New York Mellon Corp now owns 846,360 shares of the conglomerate’s stock worth $22,666,000 after buying an additional 36,575 shares in the last quarter. Eagle Asset Management Inc. lifted its position in Federal Signal by 141.1% during the third quarter. Eagle Asset Management Inc. now owns 619,503 shares of the conglomerate’s stock worth $16,590,000 after buying an additional 362,573 shares in the last quarter. Brasada Capital Management LP purchased a new position in Federal Signal during the third quarter worth approximately $327,000. Finally, Prudential Financial Inc. lifted its position in Federal Signal by 14.1% during the third quarter. Prudential Financial Inc. now owns 257,314 shares of the conglomerate’s stock worth $6,891,000 after buying an additional 31,803 shares in the last quarter. Hedge funds and other institutional investors own 88.45% of the company’s stock.
Shares of NYSE FSS traded down $0.64 during midday trading on Friday, hitting $22.79. The stock had a trading volume of 334,474 shares, compared to its average volume of 273,051. The company has a market cap of $1.47 billion, a PE ratio of 26.81 and a beta of 1.45. Federal Signal has a 1 year low of $18.37 and a 1 year high of $28.32. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.03 and a quick ratio of 1.17.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 27th. Investors of record on Tuesday, November 13th will be given a dividend of $0.08 per share. The ex-dividend date is Friday, November 9th. This represents a $0.32 dividend on an annualized basis and a yield of 1.40%. Federal Signal’s payout ratio is 37.65%.
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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