Analysts forecast that Federal Signal Co. (NYSE:FSS) will announce $299.20 million in sales for the current quarter, according to Zacks. Three analysts have issued estimates for Federal Signal’s earnings, with the lowest sales estimate coming in at $287.70 million and the highest estimate coming in at $310.90 million. Federal Signal posted sales of $269.40 million in the same quarter last year, which suggests a positive year over year growth rate of 11.1%. The firm is scheduled to announce its next earnings results on Tuesday, November 5th.
According to Zacks, analysts expect that Federal Signal will report full year sales of $1.19 billion for the current fiscal year, with estimates ranging from $1.16 billion to $1.22 billion. For the next financial year, analysts expect that the business will report sales of $1.27 billion, with estimates ranging from $1.22 billion to $1.30 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Federal Signal.
Federal Signal (NYSE:FSS) last posted its quarterly earnings data on Wednesday, July 31st. The conglomerate reported $0.55 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.09. Federal Signal had a return on equity of 17.99% and a net margin of 9.11%. The company had revenue of $324.30 million during the quarter, compared to analyst estimates of $305.40 million. During the same quarter last year, the company earned $0.45 earnings per share. The firm’s quarterly revenue was up 11.4% on a year-over-year basis.
FSS has been the topic of several analyst reports. Zacks Investment Research upgraded Federal Signal from a “hold” rating to a “strong-buy” rating and set a $36.00 price objective on the stock in a report on Friday, August 2nd. ValuEngine cut Federal Signal from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st.
Shares of FSS traded up $0.23 during trading hours on Wednesday, hitting $30.36. The company had a trading volume of 202,557 shares, compared to its average volume of 360,672. The firm has a market cap of $1.84 billion, a price-to-earnings ratio of 21.23 and a beta of 1.59. The company’s 50 day moving average is $27.92. The company has a current ratio of 2.21, a quick ratio of 1.17 and a debt-to-equity ratio of 0.39. Federal Signal has a 52-week low of $18.59 and a 52-week high of $32.80.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 28th. Shareholders of record on Wednesday, August 14th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Tuesday, August 13th. This represents a $0.32 annualized dividend and a yield of 1.05%. Federal Signal’s payout ratio is 22.38%.
In related news, Director Dennis J. Martin sold 47,734 shares of the company’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $30.37, for a total value of $1,449,681.58. Following the completion of the transaction, the director now owns 206,518 shares of the company’s stock, valued at approximately $6,271,951.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Richard R. Mudge sold 10,000 shares of the company’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $29.50, for a total transaction of $295,000.00. Following the completion of the transaction, the director now directly owns 87,678 shares of the company’s stock, valued at approximately $2,586,501. The disclosure for this sale can be found here. Insiders own 4.00% of the company’s stock.
Hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC lifted its stake in shares of Federal Signal by 10.7% during the fourth quarter. Geode Capital Management LLC now owns 646,086 shares of the conglomerate’s stock worth $12,857,000 after buying an additional 62,701 shares during the period. Bank of America Corp DE increased its stake in shares of Federal Signal by 38.5% during the fourth quarter. Bank of America Corp DE now owns 443,382 shares of the conglomerate’s stock worth $8,822,000 after purchasing an additional 123,299 shares in the last quarter. Metropolitan Life Insurance Co. NY increased its stake in shares of Federal Signal by 341.7% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 18,370 shares of the conglomerate’s stock worth $366,000 after purchasing an additional 14,211 shares in the last quarter. Municipal Employees Retirement System of Michigan purchased a new stake in shares of Federal Signal during the fourth quarter worth about $346,000. Finally, Legal & General Group Plc increased its stake in shares of Federal Signal by 0.7% during the fourth quarter. Legal & General Group Plc now owns 143,623 shares of the conglomerate’s stock worth $2,846,000 after purchasing an additional 1,035 shares in the last quarter. 89.01% of the stock is currently owned by institutional investors.
Federal Signal Company Profile
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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