Federal Signal Corp. (FSS) Upgraded at TheStreet
Federal Signal Corp. (NYSE:FSS) was upgraded by analysts at TheStreet from a “hold” rating to a “buy” rating in a report released on Friday.
Separately, Zacks Investment Research cut Federal Signal Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, September 28th.
Shares of Federal Signal Corp. (NYSE:FSS) traded down 0.57% during trading on Friday, hitting $15.64. The stock had a trading volume of 275,184 shares. The company has a market capitalization of $936.91 million, a PE ratio of 22.31 and a beta of 1.45. Federal Signal Corp. has a 52 week low of $11.16 and a 52 week high of $17.10. The firm has a 50-day moving average price of $13.31 and a 200 day moving average price of $13.15.
Federal Signal Corp. (NYSE:FSS) last posted its earnings results on Tuesday, November 1st. The company reported $0.17 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.01. Federal Signal Corp. had a return on equity of 11.98% and a net margin of 5.95%. The business earned $186.70 million during the quarter, compared to analysts’ expectations of $178.60 million. During the same period in the previous year, the business earned $0.26 earnings per share. The firm’s revenue was up 3.9% on a year-over-year basis. Equities analysts anticipate that Federal Signal Corp. will post $0.68 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 6th. Stockholders of record on Tuesday, November 15th will be issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date is Thursday, November 10th. Federal Signal Corp.’s payout ratio is currently 40.58%.
Several institutional investors have recently bought and sold shares of the company. BlackRock Fund Advisors boosted its position in Federal Signal Corp. by 7.1% in the third quarter. BlackRock Fund Advisors now owns 4,253,635 shares of the company’s stock worth $56,403,000 after buying an additional 281,915 shares during the last quarter. Vanguard Group Inc. boosted its position in Federal Signal Corp. by 2.4% in the second quarter. Vanguard Group Inc. now owns 2,818,752 shares of the company’s stock worth $36,305,000 after buying an additional 65,279 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in Federal Signal Corp. by 1.1% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,564,917 shares of the company’s stock worth $20,751,000 after buying an additional 16,870 shares during the last quarter. Paradigm Capital Management Inc. NY boosted its position in Federal Signal Corp. by 7.4% in the third quarter. Paradigm Capital Management Inc. NY now owns 1,029,700 shares of the company’s stock worth $13,654,000 after buying an additional 70,600 shares during the last quarter. Finally, Investment Counselors of Maryland LLC boosted its position in Federal Signal Corp. by 0.3% in the third quarter. Investment Counselors of Maryland LLC now owns 1,027,375 shares of the company’s stock worth $13,623,000 after buying an additional 3,575 shares during the last quarter. Hedge funds and other institutional investors own 85.12% of the company’s stock.
About Federal Signal Corp.
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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