Federal Signal (NYSE:FSS) Releases FY24 Earnings Guidance

Federal Signal (NYSE:FSS) updated its FY24 earnings guidance on Tuesday. The company provided earnings per share guidance of $2.95-3.15 for the period, compared to the consensus earnings per share estimate of $3.00. The company issued revenue guidance of $1.85-1.90 billion, compared to the consensus revenue estimate of $1.88 billion. Federal Signal also updated its FY 2024 guidance to 2.950-3.150 EPS.

Federal Signal Stock Down 4.6 %

Shares of Federal Signal stock traded down $3.96 on Tuesday, reaching $81.22. 330,989 shares of the company were exchanged, compared to its average volume of 345,994. The stock’s 50 day moving average price is $82.24 and its 200-day moving average price is $75.06. The company has a market cap of $4.96 billion, a P/E ratio of 32.29 and a beta of 1.03. Federal Signal has a 1-year low of $50.71 and a 1-year high of $88.47. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.91 and a quick ratio of 1.36.

Federal Signal (NYSE:FSS) last announced its quarterly earnings data on Tuesday, February 27th. The conglomerate reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.07. The company had revenue of $448.40 million for the quarter, compared to the consensus estimate of $422.45 million. Federal Signal had a net margin of 9.14% and a return on equity of 16.88%. The company’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.57 EPS. As a group, equities analysts forecast that Federal Signal will post 2.99 EPS for the current year.

Federal Signal Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 17th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.59%. The ex-dividend date is Thursday, May 16th. Federal Signal’s dividend payout ratio (DPR) is presently 18.68%.

About Federal Signal

Federal Signal Corp. engages in the design and manufacture of products and integrated solutions for municipal, governmental, industrial, and commercial customers. It operates through the Environmental Solutions Group and Safety and Security Systems Group segments. The Environment Solutions Group segment is involved in the manufacture and supply of street sweeper vehicles, sewer cleaners, vacuum loader trucks, hydro-excavation trucks, and water blasting equipment.