Federal Signal (NYSE:FSS) Releases FY24 Earnings Guidance

Federal Signal (NYSE:FSS) updated its FY24 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $3.30-3.40 for the period, compared to the consensus estimate of $3.27. The company issued revenue guidance of $1.86-1.88 billion, compared to the consensus revenue estimate of $1.88 billion. Federal Signal also updated its FY 2024 guidance to 3.300-3.400 EPS.

Federal Signal Stock Up 0.3 %

Shares of FSS stock traded up $0.27 during trading hours on Friday, reaching $81.84. 570,823 shares of the stock were exchanged, compared to its average volume of 315,839. The business’s fifty day moving average is $89.36 and its two-hundred day moving average is $88.61. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.83 and a quick ratio of 1.35. Federal Signal has a 12-month low of $60.09 and a 12-month high of $102.18. The firm has a market capitalization of $5.00 billion, a P/E ratio of 23.72 and a beta of 0.95.

Federal Signal Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.59%. Federal Signal’s payout ratio is 13.91%.

Insider Buying and Selling

In other Federal Signal news, Director Brenda Reichelderfer sold 25,685 shares of the stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $92.99, for a total value of $2,388,448.15. Following the transaction, the director now directly owns 57,417 shares in the company, valued at $5,339,206.83. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 3.10% of the company’s stock.

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.