Wall Street analysts expect Federal Signal Co. (NYSE:FSS) to post $0.42 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Federal Signal’s earnings, with estimates ranging from $0.41 to $0.43. Federal Signal reported earnings per share of $0.36 in the same quarter last year, which indicates a positive year over year growth rate of 16.7%. The company is scheduled to report its next earnings results on Tuesday, November 5th.
According to Zacks, analysts expect that Federal Signal will report full year earnings of $1.72 per share for the current year, with EPS estimates ranging from $1.70 to $1.73. For the next financial year, analysts forecast that the company will post earnings of $1.94 per share, with EPS estimates ranging from $1.88 to $2.05. Zacks’ earnings per share calculations are an average based on a survey of analysts that follow Federal Signal.
Federal Signal (NYSE:FSS) last announced its quarterly earnings data on Wednesday, July 31st. The conglomerate reported $0.55 EPS for the quarter, beating the consensus estimate of $0.46 by $0.09. Federal Signal had a net margin of 9.11% and a return on equity of 17.99%. The business had revenue of $324.30 million during the quarter, compared to the consensus estimate of $305.40 million. During the same period in the previous year, the business earned $0.45 earnings per share. The company’s revenue was up 11.4% on a year-over-year basis.
Several research analysts have commented on the stock. ValuEngine downgraded shares of Federal Signal from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Zacks Investment Research downgraded shares of Federal Signal from a “buy” rating to a “hold” rating in a research report on Wednesday.
In other Federal Signal news, Director Dennis J. Martin sold 47,734 shares of the business’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $30.37, for a total transaction of $1,449,681.58. Following the sale, the director now owns 206,518 shares of the company’s stock, valued at $6,271,951.66. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Svetlana Vinokur sold 10,818 shares of the business’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $32.30, for a total transaction of $349,421.40. Following the sale, the vice president now directly owns 23,774 shares in the company, valued at approximately $767,900.20. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 113,639 shares of company stock worth $3,538,690. Insiders own 4.00% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. grew its stake in shares of Federal Signal by 1.3% during the second quarter. BlackRock Inc. now owns 8,840,860 shares of the conglomerate’s stock worth $236,493,000 after buying an additional 117,326 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Federal Signal by 1.7% in the second quarter. Vanguard Group Inc. now owns 3,886,632 shares of the conglomerate’s stock worth $103,967,000 after purchasing an additional 64,945 shares during the last quarter. Macquarie Group Ltd. grew its stake in shares of Federal Signal by 7.0% in the second quarter. Macquarie Group Ltd. now owns 2,614,014 shares of the conglomerate’s stock worth $69,925,000 after purchasing an additional 170,877 shares during the last quarter. Neumeier Poma Investment Counsel LLC grew its stake in shares of Federal Signal by 1.2% in the second quarter. Neumeier Poma Investment Counsel LLC now owns 1,391,585 shares of the conglomerate’s stock worth $37,225,000 after purchasing an additional 16,355 shares during the last quarter. Finally, Investment Counselors of Maryland LLC grew its stake in shares of Federal Signal by 1.1% in the second quarter. Investment Counselors of Maryland LLC now owns 1,039,732 shares of the conglomerate’s stock worth $27,813,000 after purchasing an additional 11,242 shares during the last quarter. 88.88% of the stock is currently owned by hedge funds and other institutional investors.
FSS traded up $1.15 during trading on Friday, hitting $32.09. 400,308 shares of the stock traded hands, compared to its average volume of 452,535. Federal Signal has a twelve month low of $18.59 and a twelve month high of $34.12. The company has a market cap of $1.85 billion, a price-to-earnings ratio of 22.44 and a beta of 1.60. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.21 and a quick ratio of 1.17. The business has a 50 day moving average price of $31.27 and a 200 day moving average price of $28.04.
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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