Equities analysts forecast that Federal Signal Co. (NYSE:FSS) will announce $291.83 million in sales for the current quarter, Zacks reports. Four analysts have provided estimates for Federal Signal’s earnings, with the lowest sales estimate coming in at $286.80 million and the highest estimate coming in at $294.00 million. Federal Signal posted sales of $314.40 million during the same quarter last year, which would indicate a negative year over year growth rate of 7.2%. The company is scheduled to report its next quarterly earnings results on Thursday, February 25th.

According to Zacks, analysts expect that Federal Signal will report full-year sales of $1.13 billion for the current financial year, with estimates ranging from $1.12 billion to $1.13 billion. For the next fiscal year, analysts expect that the company will report sales of $1.22 billion, with estimates ranging from $1.20 billion to $1.24 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Federal Signal.

Federal Signal (NYSE:FSS) last released its quarterly earnings results on Thursday, October 29th. The conglomerate reported $0.42 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.04. Federal Signal had a return on equity of 16.12% and a net margin of 8.68%. The business had revenue of $279.80 million for the quarter, compared to analysts’ expectations of $282.93 million. During the same quarter in the previous year, the firm posted $0.47 earnings per share. The company’s revenue was down 9.4% compared to the same quarter last year.

Several research analysts recently commented on FSS shares. Raymond James started coverage on Federal Signal in a research note on Wednesday, December 16th. They issued a “market perform” rating on the stock. Zacks Investment Research cut Federal Signal from a “buy” rating to a “hold” rating in a research note on Tuesday, November 3rd. Finally, KeyCorp upgraded Federal Signal from a “sector weight” rating to an “overweight” rating and set a $40.00 price objective on the stock in a research note on Friday, December 4th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Federal Signal presently has an average rating of “Hold” and a consensus price target of $34.25.

NYSE:FSS opened at $34.30 on Thursday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.39 and a current ratio of 2.63. Federal Signal has a one year low of $23.32 and a one year high of $35.82. The business’s 50-day simple moving average is $32.93 and its 200 day simple moving average is $31.34. The stock has a market cap of $2.08 billion, a price-to-earnings ratio of 21.17, a price-to-earnings-growth ratio of 1.30 and a beta of 1.11.

A number of hedge funds and other institutional investors have recently made changes to their positions in FSS. Vaughan Nelson Investment Management L.P. raised its stake in Federal Signal by 45.8% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 1,525,912 shares of the conglomerate’s stock valued at $44,633,000 after buying an additional 479,090 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Federal Signal during the 3rd quarter worth approximately $2,831,000. Phocas Financial Corp. acquired a new stake in shares of Federal Signal during the 2nd quarter worth approximately $2,195,000. AlphaCrest Capital Management LLC acquired a new stake in shares of Federal Signal during the 3rd quarter worth approximately $1,275,000. Finally, Seizert Capital Partners LLC acquired a new stake in shares of Federal Signal during the 3rd quarter worth approximately $1,256,000. Hedge funds and other institutional investors own 77.89% of the company’s stock.

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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