Federal Signal (NYSE:FSS) announced its earnings results on Tuesday. The conglomerate reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.05, MarketWatch Earnings reports. Federal Signal had a return on equity of 16.12% and a net margin of 8.68%. The company had revenue of $278.80 million during the quarter, compared to the consensus estimate of $279.07 million. During the same period last year, the firm earned $0.39 earnings per share. The company’s revenue was down 2.6% on a year-over-year basis. Federal Signal updated its FY21 guidance to $1.73-1.85 EPS and its FY 2021 guidance to 1.730-1.850 EPS.
NYSE FSS traded down $0.34 during trading hours on Tuesday, reaching $41.34. The company’s stock had a trading volume of 4,095 shares, compared to its average volume of 262,225. The company has a current ratio of 2.63, a quick ratio of 1.39 and a debt-to-equity ratio of 0.35. The business has a 50-day simple moving average of $39.43 and a 200 day simple moving average of $35.01. Federal Signal has a 52 week low of $24.66 and a 52 week high of $42.49. The stock has a market cap of $2.50 billion, a PE ratio of 25.41, a PEG ratio of 1.24 and a beta of 1.11.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 2nd. Shareholders of record on Friday, May 21st will be issued a $0.09 dividend. The ex-dividend date of this dividend is Thursday, May 20th. This represents a $0.36 dividend on an annualized basis and a yield of 0.87%. Federal Signal’s dividend payout ratio is currently 20.11%.
In other news, CEO Jennifer L. Sherman sold 65,031 shares of Federal Signal stock in a transaction that occurred on Friday, March 5th. The stock was sold at an average price of $36.44, for a total transaction of $2,369,729.64. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 3.90% of the company’s stock.
Separately, Raymond James raised shares of Federal Signal from a “market perform” rating to a “strong-buy” rating and set a $45.00 price target on the stock in a research report on Tuesday, April 27th.
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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