Zacks: Analysts Expect Federal Signal Co. (NYSE:FSS) Will Post Earnings of $0.34 Per Share

Wall Street analysts expect Federal Signal Co. (NYSE:FSS) to post earnings per share of $0.34 for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Federal Signal’s earnings, with the lowest EPS estimate coming in at $0.31 and the highest estimate coming in at $0.39. Federal Signal posted earnings of $0.55 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 38.2%. The company is scheduled to announce its next earnings report on Wednesday, July 29th.

According to Zacks, analysts expect that Federal Signal will report full year earnings of $1.52 per share for the current year, with EPS estimates ranging from $1.44 to $1.56. For the next fiscal year, analysts anticipate that the firm will report earnings of $1.77 per share, with EPS estimates ranging from $1.62 to $1.96. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Federal Signal.

Federal Signal (NYSE:FSS) last posted its quarterly earnings results on Wednesday, April 29th. The conglomerate reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.06. The company had revenue of $286.10 million for the quarter, compared to the consensus estimate of $299.78 million. Federal Signal had a return on equity of 18.86% and a net margin of 9.27%. The firm’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.30 EPS.

Several analysts recently weighed in on FSS shares. ValuEngine upgraded Federal Signal from a “sell” rating to a “hold” rating in a research note on Thursday, April 2nd. Sidoti cut Federal Signal from a “buy” rating to a “neutral” rating in a research report on Thursday, April 30th. They noted that the move was a valuation call. Finally, Zacks Investment Research cut Federal Signal from a “hold” rating to a “sell” rating in a research report on Wednesday, May 27th.

Shares of Federal Signal stock traded down $0.49 during midday trading on Friday, hitting $28.62. The company had a trading volume of 559,806 shares, compared to its average volume of 338,778. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.33 and a current ratio of 2.53. The stock has a market capitalization of $1.75 billion, a P/E ratio of 15.40 and a beta of 1.15. The company has a 50 day moving average of $28.95 and a 200 day moving average of $30.17. Federal Signal has a 52-week low of $23.32 and a 52-week high of $35.75.

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Friday, May 15th were issued a dividend of $0.08 per share. The ex-dividend date was Thursday, May 14th. This represents a $0.32 annualized dividend and a dividend yield of 1.12%. Federal Signal’s payout ratio is 17.88%.

In other news, CEO Jennifer L. Sherman purchased 1,000 shares of the stock in a transaction dated Friday, May 1st. The shares were purchased at an average cost of $26.51 per share, with a total value of $26,510.00. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 3.90% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FSS. Private Capital Group LLC purchased a new stake in shares of Federal Signal in the 1st quarter worth $39,000. PNC Financial Services Group Inc. increased its stake in shares of Federal Signal by 17.7% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,301 shares of the conglomerate’s stock worth $106,000 after purchasing an additional 497 shares in the last quarter. Belpointe Asset Management LLC purchased a new stake in shares of Federal Signal in the 4th quarter worth $110,000. Benjamin F. Edwards & Company Inc. purchased a new stake in shares of Federal Signal in the 1st quarter worth $109,000. Finally, Tower Research Capital LLC TRC increased its stake in shares of Federal Signal by 1,095.6% in the 1st quarter. Tower Research Capital LLC TRC now owns 4,053 shares of the conglomerate’s stock worth $111,000 after purchasing an additional 3,714 shares in the last quarter. 90.91% of the stock is currently owned by hedge funds and other institutional investors.

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.

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Earnings History and Estimates for Federal Signal (NYSE:FSS)

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