Federal Signal Corp. (FSS) Upgraded by Zacks Investment Research to Hold
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 cut Federal Signal Corp. from a buy rating to a hold rating in a report on Thursday, August 4th.
Shares of Federal Signal Corp. (NYSE:FSS) traded down 0.23% during midday trading on Monday, reaching $13.10. The company’s stock had a trading volume of 52,650 shares. The stock has a 50-day moving average price of $13.14 and a 200-day moving average price of $13.14. Federal Signal Corp. has a 52-week low of $11.16 and a 52-week high of $17.23. The stock has a market cap of $785.12 million, a price-to-earnings ratio of 15.38 and a beta of 1.27.
Federal Signal Corp. (NYSE:FSS) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by $0.02. Federal Signal Corp. had a return on equity of 13.54% and a net margin of 7.19%. The firm earned $172.30 million during the quarter, compared to analysts’ expectations of $180.05 million. During the same quarter in the previous year, the company posted $0.29 earnings per share. Federal Signal Corp.’s revenue for the quarter was down 16.1% compared to the same quarter last year. Equities research analysts anticipate that Federal Signal Corp. will post $0.70 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FSS. Capital Fund Management S.A. raised its position in Federal Signal Corp. by 171.7% in the second quarter. Capital Fund Management S.A. now owns 57,600 shares of the company’s stock worth $742,000 after buying an additional 36,400 shares during the last quarter. BNP Paribas Arbitrage SA raised its position in Federal Signal Corp. by 88.8% in the second quarter. BNP Paribas Arbitrage SA now owns 20,578 shares of the company’s stock worth $265,000 after buying an additional 9,679 shares during the last quarter. Boothbay Fund Management LLC acquired a new position in Federal Signal Corp. during the first quarter worth approximately $467,000. Hillcrest Asset Management LLC acquired a new position in Federal Signal Corp. during the first quarter worth approximately $6,891,000. Finally, Royal Bank of Canada raised 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 during the last quarter. 83.37% 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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