Federal Signal (NYSE:FSS) Releases Earnings Results, Beats Expectations By $0.09 EPS

Federal Signal (NYSE:FSS) posted its quarterly earnings results on Wednesday. The conglomerate reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.09, Briefing.com reports. Federal Signal had a net margin of 8.85% and a return on equity of 17.57%. The company had revenue of $324.30 million for the quarter, compared to analysts’ expectations of $305.40 million. During the same quarter in the previous year, the firm posted $0.45 EPS. Federal Signal’s revenue was up 11.4% on a year-over-year basis. Federal Signal updated its FY19 guidance to $1.64-1.72 EPS.

Shares of NYSE:FSS traded up $2.27 during midday trading on Wednesday, hitting $31.15. 815,179 shares of the stock traded hands, compared to its average volume of 282,824. The stock has a market cap of $1.72 billion, a PE ratio of 21.78 and a beta of 1.58. The stock’s 50 day simple moving average is $26.92. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.08 and a quick ratio of 1.05. Federal Signal has a one year low of $18.59 and a one year high of $32.80.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 28th. Stockholders of record on Wednesday, August 14th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.03%. Federal Signal’s dividend payout ratio (DPR) is 22.38%.

Several large investors have recently modified their holdings of the company. Norges Bank bought a new position in shares of Federal Signal during the fourth quarter valued at about $19,996,000. Geode Capital Management LLC raised 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 valued at $12,857,000 after acquiring an additional 62,701 shares during the last quarter. Hillcrest Asset Management LLC raised its stake in shares of Federal Signal by 35.7% during the first quarter. Hillcrest Asset Management LLC now owns 531,384 shares of the conglomerate’s stock valued at $13,811,000 after acquiring an additional 139,924 shares during the last quarter. State of Wisconsin Investment Board raised its stake in shares of Federal Signal by 26.0% during the first quarter. State of Wisconsin Investment Board now owns 472,350 shares of the conglomerate’s stock valued at $12,276,000 after acquiring an additional 97,350 shares during the last quarter. Finally, Millennium Management LLC raised its stake in shares of Federal Signal by 2.2% during the fourth quarter. Millennium Management LLC now owns 458,558 shares of the conglomerate’s stock valued at $9,125,000 after acquiring an additional 9,883 shares during the last quarter. 89.04% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts have recently commented on FSS shares. Zacks Investment Research lowered shares of Federal Signal from a “buy” rating to a “hold” rating in a research report on Wednesday, July 3rd. ValuEngine upgraded shares of Federal Signal from a “hold” rating to a “buy” rating in a research report on Friday, July 19th.

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.

Featured Article: Different Options Trading Strategies

Earnings History for Federal Signal (NYSE:FSS)

Receive News & Ratings for Federal Signal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Federal Signal and related companies with MarketBeat.com's FREE daily email newsletter.