Federal Signal (NYSE:FSS) Releases Quarterly Earnings Results, Beats Expectations By $0.11 EPS

Federal Signal (NYSE:FSS) announced its earnings results on Thursday. The conglomerate reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.11, Briefing.com reports. The company had revenue of $490.40 million during the quarter, compared to analysts’ expectations of $487.74 million. Federal Signal had a return on equity of 17.36% and a net margin of 10.31%. Federal Signal’s revenue for the quarter was up 10.8% on a year-over-year basis. During the same period last year, the business posted $0.67 EPS. Federal Signal updated its FY24 guidance to $3.20-3.35 EPS and its FY 2024 guidance to 3.200-3.350 EPS.

Federal Signal Stock Up 3.1 %

NYSE:FSS traded up $2.95 during midday trading on Friday, hitting $99.33. 482,709 shares of the company were exchanged, compared to its average volume of 341,721. The company has a current ratio of 2.82, a quick ratio of 1.29 and a debt-to-equity ratio of 0.26. Federal Signal has a fifty-two week low of $56.37 and a fifty-two week high of $100.90. The company has a market capitalization of $6.07 billion, a PE ratio of 33.66 and a beta of 0.95. The company has a fifty day simple moving average of $87.32 and a 200 day simple moving average of $83.02.

Federal Signal Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Friday, August 16th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date of this dividend is Friday, August 16th. Federal Signal’s dividend payout ratio (DPR) is 16.22%.

Analyst Upgrades and Downgrades

Separately, William Blair started coverage on Federal Signal in a report on Friday, May 31st. They set an “outperform” rating on the stock.

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.