Federal Signal Corp. (FSS) Lowered to Sell at Zacks Investment Research
According to Zacks, “Federal Signal Corporation is a manufacturer and worldwide supplier of safety, signaling and communications equipment, hazardous area lighting, fire rescue products, street sweeping and vacuum loader vehicles, parking control equipment, custom on-premise signage, carbide cutting tools, precision punches and related die components. “
Separately, TheStreet downgraded shares of Federal Signal Corp. from a buy rating to a hold rating in a research note on Thursday, August 4th.
Shares of Federal Signal Corp. (NYSE:FSS) opened at 13.33 on Wednesday. The firm’s 50-day moving average is $13.03 and its 200-day moving average is $13.12. Federal Signal Corp. has a 52 week low of $11.16 and a 52 week high of $17.23. The stock has a market capitalization of $798.91 million, a price-to-earnings ratio of 15.65 and a beta of 1.40.
Federal Signal Corp. (NYSE:FSS) last released its quarterly earnings data on Thursday, July 28th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.19 by $0.02. Federal Signal Corp. had a net margin of 7.19% and a return on equity of 13.54%. The business had revenue of $172.30 million for the quarter, compared to the consensus estimate of $180.05 million. During the same quarter in the prior year, the business posted $0.29 earnings per share. Federal Signal Corp.’s revenue for the quarter was down 16.1% on a year-over-year basis. Analysts forecast that Federal Signal Corp. will post $0.70 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently bought and sold shares of FSS. BlackRock Advisors LLC boosted its position in Federal Signal Corp. by 1.1% in the second quarter. BlackRock Advisors LLC now owns 30,975 shares of the company’s stock worth $399,000 after buying an additional 332 shares in the last quarter. Teacher Retirement System of Texas boosted its position in Federal Signal Corp. by 8.0% in the second quarter. Teacher Retirement System of Texas now owns 8,676 shares of the company’s stock worth $112,000 after buying an additional 639 shares in the last quarter. Royal Bank of Canada boosted its position in Federal Signal Corp. by 2.5% in the first quarter. Royal Bank of Canada now owns 28,049 shares of the company’s stock worth $372,000 after buying an additional 685 shares in the last quarter. Arizona State Retirement System boosted its position in Federal Signal Corp. by 3.9% in the first quarter. Arizona State Retirement System now owns 32,032 shares of the company’s stock worth $425,000 after buying an additional 1,200 shares in the last quarter. Finally, RMB Capital Management LLC boosted its position in Federal Signal Corp. by 1.7% in the second quarter. RMB Capital Management LLC now owns 94,402 shares of the company’s stock worth $1,216,000 after buying an additional 1,534 shares in the last quarter. 83.39% of the stock is owned by institutional investors and hedge funds.
Federal Signal Corp. Company Profile
Federal Signal Corporation designs and manufactures products and integrated solutions for municipal governmental industrial and commercial customers. The Company operates through two segments: Environmental Solutions Group, and Safety and Security Systems Group. Environmental Solutions Group is manufacturer and supplier of a range of street sweeper vehicles, sewer cleaner and vacuum loader trucks, hydro-excavation trucks and waterblasting equipment.
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