Federal Signal Co. (NYSE:FSS) Expected to Post Earnings of $0.46 Per Share

Wall Street brokerages expect that Federal Signal Co. (NYSE:FSS) will announce earnings of $0.46 per share for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Federal Signal’s earnings. The highest EPS estimate is $0.48 and the lowest is $0.45. Federal Signal reported earnings of $0.45 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 2.2%. The company is scheduled to report its next earnings results on Tuesday, August 6th.

On average, analysts expect that Federal Signal will report full-year earnings of $1.57 per share for the current financial year, with EPS estimates ranging from $1.55 to $1.60. For the next year, analysts expect that the business will post earnings of $1.75 per share, with EPS estimates ranging from $1.69 to $1.85. Zacks’ EPS calculations are an average based on a survey of analysts that follow Federal Signal.

Federal Signal (NYSE:FSS) last released its earnings results on Thursday, May 2nd. The conglomerate reported $0.30 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.04. The company had revenue of $273.80 million for the quarter, compared to analyst estimates of $264.40 million. Federal Signal had a net margin of 8.85% and a return on equity of 17.57%. The firm’s quarterly revenue was up 9.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.23 EPS.

A number of equities research analysts have issued reports on FSS shares. Zacks Investment Research upgraded shares of Federal Signal from a “hold” rating to a “strong-buy” rating and set a $28.00 target price on the stock in a report on Monday, March 4th. ValuEngine upgraded shares of Federal Signal from a “hold” rating to a “buy” rating in a report on Wednesday, April 24th.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Oregon Public Employees Retirement Fund raised its holdings in shares of Federal Signal by 1.8% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 23,330 shares of the conglomerate’s stock valued at $606,000 after purchasing an additional 421 shares in the last quarter. Piedmont Investment Advisors Inc. raised its stake in Federal Signal by 3.4% during the 4th quarter. Piedmont Investment Advisors Inc. now owns 14,321 shares of the conglomerate’s stock worth $285,000 after acquiring an additional 472 shares in the last quarter. Victory Capital Management Inc. raised its stake in Federal Signal by 4.1% during the 4th quarter. Victory Capital Management Inc. now owns 15,489 shares of the conglomerate’s stock worth $308,000 after acquiring an additional 604 shares in the last quarter. Mason Street Advisors LLC raised its stake in Federal Signal by 3.3% during the 1st quarter. Mason Street Advisors LLC now owns 19,317 shares of the conglomerate’s stock worth $502,000 after acquiring an additional 609 shares in the last quarter. Finally, Legal & General Group Plc raised its stake in Federal Signal by 0.7% during the 4th quarter. Legal & General Group Plc now owns 143,623 shares of the conglomerate’s stock worth $2,846,000 after acquiring an additional 1,035 shares in the last quarter. Institutional investors and hedge funds own 89.12% of the company’s stock.

Federal Signal stock opened at $25.75 on Thursday. The firm has a market cap of $1.57 billion, a price-to-earnings ratio of 18.01 and a beta of 1.57. Federal Signal has a 52-week low of $18.59 and a 52-week high of $29.00. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.05 and a current ratio of 2.08. The business’s 50 day simple moving average is $25.35.

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Wednesday, May 15th were issued a dividend of $0.08 per share. The ex-dividend date was Tuesday, May 14th. This represents a $0.32 dividend on an annualized basis and a yield of 1.24%. Federal Signal’s dividend payout ratio (DPR) is presently 22.38%.

Federal Signal Company Profile

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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Earnings History and Estimates for Federal Signal (NYSE:FSS)

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