Brokerages forecast that Federal Signal Co. (NYSE:FSS) will post earnings of $0.43 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Federal Signal’s earnings, with the lowest EPS estimate coming in at $0.41 and the highest estimate coming in at $0.45. Federal Signal posted earnings of $0.39 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 10.3%. The firm is scheduled to report its next earnings report on Thursday, February 27th.
According to Zacks, analysts expect that Federal Signal will report full year earnings of $1.74 per share for the current year, with EPS estimates ranging from $1.73 to $1.76. For the next year, analysts forecast that the firm will report earnings of $1.93 per share, with EPS estimates ranging from $1.84 to $2.05. Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that that provide coverage for Federal Signal.
Federal Signal (NYSE:FSS) last posted its quarterly earnings results on Thursday, October 31st. The conglomerate reported $0.47 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.05. The company had revenue of $308.80 million for the quarter, compared to the consensus estimate of $309.06 million. Federal Signal had a return on equity of 18.45% and a net margin of 9.37%. The firm’s quarterly revenue was up 14.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.36 EPS.
Shares of FSS traded up $0.28 during trading hours on Wednesday, reaching $32.44. The stock had a trading volume of 422,282 shares, compared to its average volume of 327,503. The company has a quick ratio of 1.17, a current ratio of 2.32 and a debt-to-equity ratio of 0.45. Federal Signal has a 52 week low of $18.59 and a 52 week high of $35.75. The firm has a 50-day moving average of $32.99 and a 200 day moving average of $29.63. The company has a market cap of $1.99 billion, a P/E ratio of 22.69 and a beta of 1.57.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Wednesday, November 13th were given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date was Tuesday, November 12th. Federal Signal’s dividend payout ratio is currently 22.38%.
In related news, Director Dennis J. Martin sold 40,000 shares of the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $33.58, for a total value of $1,343,200.00. Following the completion of the sale, the director now owns 166,518 shares in the company, valued at approximately $5,591,674.44. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Ian A. Hudson sold 45,087 shares of the company’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $32.04, for a total transaction of $1,444,587.48. Following the completion of the sale, the chief financial officer now owns 48,974 shares of the company’s stock, valued at approximately $1,569,126.96. The disclosure for this sale can be found here. In the last 90 days, insiders sold 95,905 shares of company stock valued at $3,137,209. 4.00% of the stock is owned by corporate insiders.
Hedge funds have recently added to or reduced their stakes in the business. Optimum Investment Advisors bought a new position in Federal Signal during the 3rd quarter worth about $33,000. Point72 Asset Management L.P. bought a new position in Federal Signal during the 2nd quarter worth about $40,000. Parallel Advisors LLC increased its holdings in Federal Signal by 43.8% during the 2nd quarter. Parallel Advisors LLC now owns 2,300 shares of the conglomerate’s stock worth $62,000 after purchasing an additional 700 shares in the last quarter. Contravisory Investment Management Inc. bought a new position in Federal Signal during the 3rd quarter worth about $145,000. Finally, First Mercantile Trust Co. increased its holdings in Federal Signal by 11.6% during the 3rd quarter. First Mercantile Trust Co. now owns 4,901 shares of the conglomerate’s stock worth $160,000 after purchasing an additional 508 shares in the last quarter. Hedge funds and other institutional investors own 90.22% of the company’s stock.
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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