Wall Street brokerages expect Federal Signal Co. (NYSE:FSS) to report earnings per share of $0.26 for the current quarter, according to Zacks. Three analysts have issued estimates for Federal Signal’s earnings, with the highest EPS estimate coming in at $0.26 and the lowest estimate coming in at $0.25. Federal Signal reported earnings per share of $0.23 in the same quarter last year, which would suggest a positive year over year growth rate of 13%. The company is scheduled to issue its next earnings report on Tuesday, May 14th.
On average, analysts expect that Federal Signal will report full year earnings of $1.55 per share for the current financial year, with EPS estimates ranging from $1.54 to $1.58. For the next financial year, analysts expect that the firm will report earnings of $1.73 per share, with EPS estimates ranging from $1.66 to $1.85. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that cover Federal Signal.
Federal Signal (NYSE:FSS) last posted its quarterly earnings results on Thursday, February 28th. The conglomerate reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.07. Federal Signal had a return on equity of 17.44% and a net margin of 8.63%. The business had revenue of $279.40 million for the quarter, compared to the consensus estimate of $268.10 million. During the same period in the prior year, the business earned $0.24 EPS. The firm’s revenue for the quarter was up 12.8% on a year-over-year basis.
Separately, Zacks Investment Research raised Federal Signal from a “hold” rating to a “strong-buy” rating and set a $28.00 price target on the stock in a research note on Monday, March 4th.
FSS stock opened at $26.82 on Friday. Federal Signal has a fifty-two week low of $18.59 and a fifty-two week high of $28.32. 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 company has a market cap of $1.62 billion, a P/E ratio of 18.85 and a beta of 1.44.
The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Monday, March 18th were paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date of this dividend was Friday, March 15th. Federal Signal’s dividend payout ratio (DPR) is currently 22.38%.
In related news, Director Dennis J. Martin sold 60,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The stock was 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 approximately $6,219,489.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 4.00% of the stock is currently owned by corporate insiders.
Institutional investors have recently modified their holdings of the company. Ramsey Quantitative Systems purchased a new stake in shares of Federal Signal in the fourth quarter worth approximately $79,000. Signet Investment Advisory Group Inc. purchased a new stake in shares of Federal Signal in the fourth quarter worth approximately $89,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Federal Signal by 56.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,552 shares of the conglomerate’s stock worth $91,000 after purchasing an additional 1,636 shares during the last quarter. First Quadrant L P CA purchased a new stake in shares of Federal Signal in the fourth quarter worth approximately $145,000. Finally, TD Asset Management Inc. purchased a new stake in shares of Federal Signal in the fourth quarter worth approximately $201,000. 89.80% of the stock is owned by hedge funds and other institutional investors.
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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