Federal Signal Co. to Post Q1 2024 Earnings of $0.50 Per Share, Seaport Res Ptn Forecasts (NYSE:FSS)

Federal Signal Co. (NYSE:FSS) – Equities researchers at Seaport Res Ptn raised their Q1 2024 EPS estimates for shares of Federal Signal in a research report issued to clients and investors on Wednesday, March 27th. Seaport Res Ptn analyst W. Liptak now anticipates that the conglomerate will post earnings of $0.50 per share for the quarter, up from their previous estimate of $0.48. The consensus estimate for Federal Signal’s current full-year earnings is $2.95 per share. Seaport Res Ptn also issued estimates for Federal Signal’s Q2 2024 earnings at $0.76 EPS, Q3 2024 earnings at $0.78 EPS, Q4 2024 earnings at $0.93 EPS, FY2024 earnings at $2.97 EPS, Q1 2025 earnings at $0.61 EPS, Q2 2025 earnings at $0.84 EPS, Q3 2025 earnings at $0.85 EPS and FY2025 earnings at $3.33 EPS.

Federal Signal Stock Performance

NYSE:FSS opened at $84.54 on Thursday. The company has a fifty day moving average of $79.33 and a two-hundred day moving average of $71.02. The stock has a market capitalization of $5.16 billion, a PE ratio of 32.89 and a beta of 1.03. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.36 and a current ratio of 2.91. Federal Signal has a fifty-two week low of $49.82 and a fifty-two week high of $85.98.

Federal Signal (NYSE:FSS) last released its earnings results on Tuesday, February 27th. The conglomerate reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.07. The company had revenue of $448.40 million for the quarter, compared to the consensus estimate of $422.45 million. Federal Signal had a net margin of 9.14% and a return on equity of 16.88%. Federal Signal’s revenue was up 14.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.57 EPS.

Federal Signal Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 28th. Investors of record on Friday, March 15th will be given a dividend of $0.12 per share. This is a boost from Federal Signal’s previous quarterly dividend of $0.10. This represents a $0.48 annualized dividend and a yield of 0.57%. The ex-dividend date of this dividend is Thursday, March 14th. Federal Signal’s dividend payout ratio (DPR) is presently 18.68%.

Institutional Investors Weigh In On Federal Signal

Several hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. increased its position in Federal Signal by 0.4% during the first quarter. BlackRock Inc. now owns 9,248,821 shares of the conglomerate’s stock worth $312,147,000 after purchasing an additional 40,965 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Federal Signal by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 6,679,305 shares of the conglomerate’s stock valued at $512,570,000 after acquiring an additional 60,696 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Federal Signal by 5.6% during the second quarter. Price T Rowe Associates Inc. MD now owns 2,799,397 shares of the conglomerate’s stock valued at $99,659,000 after acquiring an additional 148,657 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Federal Signal by 1.0% during the first quarter. Dimensional Fund Advisors LP now owns 2,784,527 shares of the conglomerate’s stock valued at $93,979,000 after acquiring an additional 27,052 shares during the last quarter. Finally, Macquarie Group Ltd. increased its position in shares of Federal Signal by 12.2% during the first quarter. Macquarie Group Ltd. now owns 2,582,443 shares of the conglomerate’s stock valued at $139,994,000 after acquiring an additional 280,651 shares during the last quarter. 92.73% of the stock is currently owned by institutional investors and hedge funds.

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.