Brokerages Expect Federal Signal Co. (FSS) Will Post Earnings of $0.20 Per Share
Equities research analysts expect Federal Signal Co. (NYSE:FSS) to post earnings of $0.20 per share for the current quarter, according to Zacks. Three analysts have made estimates for Federal Signal’s earnings, with estimates ranging from $0.18 to $0.23. Federal Signal posted earnings of $0.17 per share in the same quarter last year, which would indicate a positive year over year growth rate of 17.6%. The business is expected to report its next earnings report on Thursday, July 27th.
According to Zacks, analysts expect that Federal Signal will report full year earnings of $0.79 per share for the current fiscal year, with EPS estimates ranging from $0.78 to $0.80. For the next year, analysts expect that the firm will report earnings of $1.07 per share, with EPS estimates ranging from $1.04 to $1.09. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that cover Federal Signal.
Federal Signal (NYSE:FSS) last released its quarterly earnings results on Thursday, April 27th. The conglomerate reported $0.14 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.02. The company had revenue of $177.80 million for the quarter, compared to analysts’ expectations of $176.97 million. Federal Signal had a return on equity of 11.98% and a net margin of 5.95%. The business’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.19 earnings per share.
A number of equities research analysts have recently weighed in on FSS shares. Zacks Investment Research upgraded Federal Signal from a “sell” rating to a “hold” rating in a research report on Friday, April 21st. TheStreet lowered Federal Signal from a “b” rating to a “c” rating in a research report on Wednesday, March 22nd. Finally, KeyCorp upgraded Federal Signal from a “sector weight” rating to an “overweight” rating and set a $20.00 price objective on the stock in a research report on Tuesday, May 9th.
In other news, VP Samuel Miceli sold 2,000 shares of Federal Signal stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of $16.05, for a total value of $32,100.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Paul W. Jones sold 50,000 shares of Federal Signal stock in a transaction that occurred on Wednesday, May 24th. The stock was sold at an average price of $15.96, for a total value of $798,000.00. Following the completion of the sale, the director now owns 72,901 shares in the company, valued at $1,163,499.96. The disclosure for this sale can be found here. Over the last quarter, insiders sold 52,900 shares of company stock worth $844,662. Corporate insiders own 3.80% of the company’s stock.
Several large investors have recently added to or reduced their stakes in FSS. Ladenburg Thalmann Financial Services Inc. raised its stake in Federal Signal by 706.4% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 8,717 shares of the conglomerate’s stock valued at $137,000 after buying an additional 7,636 shares in the last quarter. Karp Capital Management Corp purchased a new stake in Federal Signal during the first quarter valued at $162,000. Wexford Capital LP purchased a new stake in Federal Signal during the fourth quarter valued at $166,000. BNP Paribas Arbitrage SA raised its stake in Federal Signal by 7.8% in the first quarter. BNP Paribas Arbitrage SA now owns 12,646 shares of the conglomerate’s stock valued at $175,000 after buying an additional 915 shares in the last quarter. Finally, Mason Street Advisors LLC raised its stake in Federal Signal by 6.7% in the first quarter. Mason Street Advisors LLC now owns 13,965 shares of the conglomerate’s stock valued at $193,000 after buying an additional 875 shares in the last quarter. Institutional investors own 84.52% of the company’s stock.
Federal Signal (NYSE:FSS) traded up 1.43% during mid-day trading on Tuesday, hitting $17.01. The stock had a trading volume of 287,181 shares. The firm has a market cap of $1.02 billion, a PE ratio of 27.84 and a beta of 1.53. Federal Signal has a 52 week low of $11.68 and a 52 week high of $17.19. The company’s 50 day moving average price is $15.97 and its 200 day moving average price is $15.31.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 2nd. Stockholders of record on Friday, May 12th were given a $0.07 dividend. The ex-dividend date was Wednesday, May 10th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.65%. Federal Signal’s dividend payout ratio is currently 40.58%.
Federal Signal Company Profile
Federal Signal Corporation designs, manufactures and supplies a suite of products and integrated solutions for municipal, governmental, industrial and commercial customers. The Company’s segments include the Environmental Solutions Group and the Safety and Security Systems Group. Its Environmental Solutions Group manufactures and supplies a range of street sweeper vehicles, sewer cleaner and vacuum loader trucks, hydro-excavation trucks and waterblasting equipment.
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