Federal Signal (NYSE:FSS) Releases FY24 Earnings Guidance

Federal Signal (NYSE:FSS) updated its FY24 earnings guidance on Thursday. The company provided EPS guidance of $3.30-3.40 for the period, compared to the consensus EPS estimate of $3.27. The company issued revenue guidance of $1.86-1.88 billion, compared to the consensus revenue estimate of $1.88 billion. Federal Signal also updated its FY 2024 guidance to 3.300-3.400 EPS.

Federal Signal Stock Up 0.3 %

Federal Signal stock traded up $0.27 during midday trading on Friday, reaching $81.84. The company’s stock had a trading volume of 570,823 shares, compared to its average volume of 315,839. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.83 and a quick ratio of 1.35. The stock has a market capitalization of $5.00 billion, a P/E ratio of 23.72 and a beta of 0.95. The stock’s 50-day simple moving average is $89.36 and its 200-day simple moving average is $88.61. Federal Signal has a 52-week low of $60.09 and a 52-week high of $102.18.

Federal Signal Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.59%. The ex-dividend date of this dividend is Friday, November 15th. Federal Signal’s payout ratio is currently 13.91%.

Insider Buying and Selling

In other Federal Signal news, Director Brenda Reichelderfer sold 25,685 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $92.99, for a total transaction of $2,388,448.15. Following the transaction, the director now owns 57,417 shares in the company, valued at approximately $5,339,206.83. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.10% of the stock is owned by company insiders.

Federal Signal Company Profile

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.