Equities analysts expect Federal Signal Co. (NYSE:FSS) to announce sales of $270.87 million for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Federal Signal’s earnings, with the lowest sales estimate coming in at $263.70 million and the highest estimate coming in at $282.00 million. Federal Signal reported sales of $247.60 million in the same quarter last year, which indicates a positive year-over-year growth rate of 9.4%. The business is scheduled to announce its next earnings report on Wednesday, February 27th.
According to Zacks, analysts expect that Federal Signal will report full-year sales of $1.08 billion for the current year, with estimates ranging from $1.07 billion to $1.09 billion. For the next year, analysts expect that the business will report sales of $1.15 billion, with estimates ranging from $1.13 billion to $1.16 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that follow Federal Signal.
Federal Signal (NYSE:FSS) last announced its quarterly earnings data on Tuesday, November 6th. The conglomerate reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.04. The firm had revenue of $269.40 million for the quarter, compared to the consensus estimate of $267.15 million. Federal Signal had a net margin of 8.69% and a return on equity of 16.15%. The business’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.24 earnings per share.
Federal Signal stock traded up $0.15 during trading hours on Wednesday, reaching $23.46. 244,720 shares of the stock were exchanged, compared to its average volume of 342,738. The company has a market capitalization of $1.40 billion, a price-to-earnings ratio of 27.60 and a beta of 1.45. The company has a quick ratio of 1.04, a current ratio of 2.03 and a debt-to-equity ratio of 0.43. Federal Signal has a twelve month low of $18.37 and a twelve month high of $28.32.
The business also recently announced a quarterly dividend, which was paid on Tuesday, November 27th. Stockholders of record on Tuesday, November 13th were issued a $0.08 dividend. The ex-dividend date was Friday, November 9th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.36%. Federal Signal’s dividend payout ratio (DPR) is currently 37.65%.
In other news, Director Dennis J. Martin sold 55,000 shares of the stock in a transaction dated Monday, November 12th. The shares were sold at an average price of $23.14, for a total value of $1,272,700.00. Following the completion of the transaction, the director now owns 290,728 shares of the company’s stock, valued at $6,727,445.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.30% of the stock is currently owned by corporate insiders.
Several hedge funds have recently bought and sold shares of the company. BlackRock Inc. lifted its holdings in shares of Federal Signal by 3.9% in the third quarter. BlackRock Inc. now owns 8,509,443 shares of the conglomerate’s stock worth $227,884,000 after acquiring an additional 323,261 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Federal Signal by 1.7% in the third quarter. Vanguard Group Inc. now owns 3,530,230 shares of the conglomerate’s stock worth $94,539,000 after acquiring an additional 57,817 shares during the last quarter. Macquarie Group Ltd. raised its holdings in Federal Signal by 25.8% in the 3rd quarter. Macquarie Group Ltd. now owns 2,215,001 shares of the conglomerate’s stock valued at $59,318,000 after buying an additional 454,690 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in Federal Signal by 4.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 846,360 shares of the conglomerate’s stock valued at $22,666,000 after buying an additional 36,575 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in Federal Signal by 13.1% in the 2nd quarter. Northern Trust Corp now owns 840,211 shares of the conglomerate’s stock valued at $19,569,000 after buying an additional 97,060 shares during the last quarter. 88.06% of the stock is owned by hedge funds and other institutional investors.
About Federal Signal
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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