Analysts Set Federal Signal Corporation (NYSE:FSS) PT at $123.00

Federal Signal Corporation (NYSE:FSS) has been assigned an average rating of “Hold” from the six research firms that are presently covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $123.00.

Several research firms have issued reports on FSS. Zacks Research lowered shares of Federal Signal from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 29th. CJS Securities reissued a “market perform” rating and set a $125.00 price objective on shares of Federal Signal in a research note on Thursday, July 31st. DA Davidson boosted their target price on Federal Signal from $100.00 to $112.00 and gave the stock a “neutral” rating in a research report on Thursday, July 31st. Wall Street Zen raised Federal Signal from a “hold” rating to a “buy” rating in a report on Saturday, August 2nd. Finally, Raymond James Financial upped their target price on Federal Signal from $120.00 to $145.00 and gave the company an “outperform” rating in a report on Thursday, July 31st.

Institutional Investors Weigh In On Federal Signal

Several hedge funds have recently modified their holdings of FSS. Strs Ohio boosted its position in shares of Federal Signal by 125.4% in the third quarter. Strs Ohio now owns 15,100 shares of the conglomerate’s stock worth $1,797,000 after buying an additional 8,400 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH boosted its position in shares of Federal Signal by 27.5% in the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 202,428 shares of the conglomerate’s stock worth $24,087,000 after buying an additional 43,684 shares during the period. Vest Financial LLC boosted its position in shares of Federal Signal by 17.4% in the third quarter. Vest Financial LLC now owns 28,644 shares of the conglomerate’s stock worth $3,408,000 after buying an additional 4,247 shares during the period. Sage Mountain Advisors LLC acquired a new stake in shares of Federal Signal in the third quarter worth $458,000. Finally, Amalgamated Bank grew its stake in Federal Signal by 0.8% during the 3rd quarter. Amalgamated Bank now owns 17,478 shares of the conglomerate’s stock valued at $2,080,000 after acquiring an additional 136 shares in the last quarter. 92.73% of the stock is owned by hedge funds and other institutional investors.

Federal Signal Price Performance

NYSE:FSS opened at $115.40 on Friday. The company has a quick ratio of 1.25, a current ratio of 2.60 and a debt-to-equity ratio of 0.20. The business’s 50-day moving average price is $122.88 and its 200 day moving average price is $109.07. Federal Signal has a 52-week low of $66.47 and a 52-week high of $132.89. The firm has a market cap of $7.01 billion, a P/E ratio of 32.14, a PEG ratio of 2.31 and a beta of 1.29.

Federal Signal (NYSE:FSS) last posted its quarterly earnings data on Thursday, October 30th. The conglomerate reported $1.14 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.07. Federal Signal had a net margin of 11.22% and a return on equity of 18.91%. The company had revenue of $555.00 million during the quarter, compared to analyst estimates of $545.19 million. During the same quarter last year, the firm posted $0.87 EPS. The business’s revenue for the quarter was up 17.0% on a year-over-year basis. Federal Signal has set its FY 2025 guidance at 4.090-4.170 EPS. As a group, sell-side analysts predict that Federal Signal will post 3.34 earnings per share for the current fiscal year.

Federal Signal Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 2nd. Stockholders of record on Friday, November 14th will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Friday, November 14th. Federal Signal’s dividend payout ratio is currently 15.60%.

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.