Federal Signal (NYSE:FSS) Issues FY24 Earnings Guidance

Federal Signal (NYSE:FSS) updated its FY24 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $2.95-3.15 for the period, compared to the consensus 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 Price Performance

NYSE FSS traded up $1.12 during trading hours on Thursday, hitting $81.46. 201,774 shares of the company’s stock traded hands, compared to its average volume of 351,115. Federal Signal has a 52-week low of $50.71 and a 52-week high of $88.47. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.82 and a quick ratio of 1.36. The company has a market capitalization of $4.97 billion, a PE ratio of 27.12 and a beta of 1.02. The firm’s 50-day moving average is $82.28 and its 200-day moving average is $75.24.

Federal Signal (NYSE:FSS) last released its quarterly earnings results on Tuesday, April 30th. The conglomerate reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.09. The business had revenue of $424.90 million during the quarter, compared to analysts’ expectations of $425.58 million. Federal Signal had a return on equity of 17.36% and a net margin of 10.31%. The company’s revenue was up 10.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.46 EPS. Equities analysts forecast that Federal Signal will post 2.99 EPS for the current fiscal year.

Federal Signal Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 17th will be paid a dividend of $0.12 per share. The ex-dividend date is Thursday, May 16th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.59%. Federal Signal’s payout ratio is currently 16.22%.

Federal Signal Company Profile

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.