Federal Signal (NYSE:FSS) Releases FY24 Earnings Guidance

Federal Signal (NYSE:FSS) updated its FY24 earnings guidance on Tuesday. The company provided EPS guidance of $2.95-3.15 for the period, compared to the consensus EPS estimate of $3.00. The company issued revenue guidance of $1.85-1.90 billion, compared to the consensus revenue estimate of $1.88 billion. Federal Signal also updated its FY 2024 guidance to 2.950-3.150 EPS.

Federal Signal Price Performance

Shares of Federal Signal stock traded down $0.35 during midday trading on Friday, reaching $81.96. The company had a trading volume of 258,045 shares, compared to its average volume of 354,239. The stock has a fifty day simple moving average of $82.28 and a 200 day simple moving average of $75.44. Federal Signal has a 1-year low of $50.71 and a 1-year high of $88.47. The company has a current ratio of 2.82, a quick ratio of 1.36 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $5.01 billion, a price-to-earnings ratio of 27.69 and a beta of 1.02.

Federal Signal (NYSE:FSS) last released its earnings results on Tuesday, April 30th. The conglomerate reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.09. The company had revenue of $424.90 million during the quarter, compared to the consensus estimate of $425.58 million. Federal Signal had a return on equity of 17.36% and a net margin of 10.31%. The firm’s quarterly revenue was up 10.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.46 earnings per share. As a group, equities research analysts forecast that Federal Signal will post 3.04 earnings per share for the current year.

Federal Signal Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 17th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $0.48 annualized dividend and a yield of 0.59%. Federal Signal’s dividend payout ratio is currently 16.22%.

About Federal Signal

Federal Signal Corp. engages in the design and manufacture of products and integrated solutions for municipal, governmental, industrial, and commercial customers. It operates through the Environmental Solutions Group and Safety and Security Systems Group segments. The Environment Solutions Group segment is involved in the manufacture and supply of street sweeper vehicles, sewer cleaners, vacuum loader trucks, hydro-excavation trucks, and water blasting equipment.