Equities research analysts forecast that Federal Signal Co. (NYSE:FSS) will report $0.26 earnings per share for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Federal Signal’s earnings. The highest EPS estimate is $0.26 and the lowest is $0.25. Federal Signal posted earnings of $0.23 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 13%. The firm is scheduled to report its next quarterly earnings results on Tuesday, May 14th.
On average, analysts expect that Federal Signal will report full-year earnings of $1.55 per share for the current fiscal year, with EPS estimates ranging from $1.54 to $1.58. For the next year, analysts forecast that the firm will report earnings of $1.73 per share, with EPS estimates ranging from $1.66 to $1.85. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Federal Signal.
Federal Signal (NYSE:FSS) last released its earnings results on Thursday, February 28th. The conglomerate reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.07. The business had revenue of $279.40 million for the quarter, compared to the consensus estimate of $268.10 million. Federal Signal had a net margin of 8.63% and a return on equity of 17.44%. The firm’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same period last year, the firm posted $0.24 earnings per share.
Separately, Zacks Investment Research downgraded shares of Federal Signal from a “buy” rating to a “hold” rating in a research report on Tuesday, January 8th.
In related news, Director Dennis J. Martin sold 60,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $24.87, for a total transaction of $1,492,200.00. Following the transaction, the director now directly owns 250,080 shares of the company’s stock, valued at $6,219,489.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 4.00% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Stone Ridge Asset Management LLC grew its position in Federal Signal by 49.3% during the fourth quarter. Stone Ridge Asset Management LLC now owns 40,175 shares of the conglomerate’s stock valued at $799,000 after purchasing an additional 13,260 shares in the last quarter. Bank of New York Mellon Corp grew 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 valued at $22,666,000 after purchasing an additional 36,575 shares in the last quarter. Verition Fund Management LLC purchased a new position in Federal Signal during the third quarter valued at approximately $358,000. Algert Global LLC grew its position in Federal Signal by 2.3% during the fourth quarter. Algert Global LLC now owns 137,673 shares of the conglomerate’s stock valued at $2,740,000 after purchasing an additional 3,044 shares in the last quarter. Finally, Macquarie Group Ltd. grew its position in Federal Signal by 25.8% during the third quarter. Macquarie Group Ltd. now owns 2,215,001 shares of the conglomerate’s stock valued at $59,318,000 after purchasing an additional 454,690 shares in the last quarter. 89.80% of the stock is currently owned by hedge funds and other institutional investors.
FSS traded up $0.44 on Friday, reaching $27.77. 376,293 shares of the company traded hands, compared to its average volume of 279,943. Federal Signal has a 52-week low of $18.59 and a 52-week high of $28.32. The company has a market capitalization of $1.67 billion, a PE ratio of 19.42 and a beta of 1.44. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.08 and a current ratio of 2.07.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Monday, March 18th were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date was Friday, March 15th. Federal Signal’s payout ratio is presently 22.38%.
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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