Federal Signal Co. Expected to Post Q3 2024 Earnings of $0.80 Per Share (NYSE:FSS)

Federal Signal Co. (NYSE:FSS) – Stock analysts at Seaport Res Ptn increased their Q3 2024 EPS estimates for Federal Signal in a note issued to investors on Wednesday, May 1st. Seaport Res Ptn analyst W. Liptak now forecasts that the conglomerate will post earnings per share of $0.80 for the quarter, up from their previous estimate of $0.78. The consensus estimate for Federal Signal’s current full-year earnings is $2.99 per share. Seaport Res Ptn also issued estimates for Federal Signal’s FY2024 earnings at $3.12 EPS, Q1 2025 earnings at $0.71 EPS, Q2 2025 earnings at $0.87 EPS, Q3 2025 earnings at $0.87 EPS, Q4 2025 earnings at $0.91 EPS and FY2025 earnings at $3.37 EPS.

Federal Signal Stock Down 1.3 %

Shares of NYSE FSS opened at $80.28 on Thursday. The company’s 50-day simple moving average is $82.28 and its 200-day simple moving average is $75.24. Federal Signal has a 52-week low of $50.71 and a 52-week high of $88.47. The firm has a market cap of $4.90 billion, a price-to-earnings ratio of 27.12 and a beta of 1.02. The company has a quick ratio of 1.36, a current ratio of 2.82 and a debt-to-equity ratio of 0.26.

Federal Signal (NYSE:FSS) last released its quarterly earnings results on Tuesday, April 30th. The conglomerate reported $0.64 EPS for the quarter, beating the consensus estimate of $0.55 by $0.09. The company had revenue of $424.90 million for the quarter, compared to analyst estimates of $425.58 million. Federal Signal had a net margin of 10.31% and a return on equity of 17.36%. The firm’s revenue was up 10.2% on a year-over-year basis. During the same quarter last year, the business earned $0.46 earnings per share.

Institutional Trading of Federal Signal

Institutional investors have recently modified their holdings of the stock. Conestoga Capital Advisors LLC grew its position in shares of Federal Signal by 2.4% in the fourth quarter. Conestoga Capital Advisors LLC now owns 1,350,214 shares of the conglomerate’s stock valued at $103,615,000 after purchasing an additional 31,807 shares during the period. Yousif Capital Management LLC boosted its position in Federal Signal by 2.3% during the fourth quarter. Yousif Capital Management LLC now owns 30,951 shares of the conglomerate’s stock worth $2,375,000 after acquiring an additional 688 shares during the last quarter. Vaughan Nelson Investment Management L.P. boosted its position in Federal Signal by 4.2% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 338,073 shares of the conglomerate’s stock worth $25,944,000 after acquiring an additional 13,680 shares during the last quarter. Lazard Asset Management LLC acquired a new position in Federal Signal during the third quarter worth about $1,807,000. Finally, Janney Montgomery Scott LLC boosted its position in Federal Signal by 196.7% during the third quarter. Janney Montgomery Scott LLC now owns 9,383 shares of the conglomerate’s stock worth $560,000 after acquiring an additional 6,221 shares during the last quarter. Institutional investors and hedge funds own 92.73% of the company’s stock.

Federal Signal Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 17th will be given a $0.12 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $0.48 annualized dividend and a dividend yield of 0.60%. Federal Signal’s dividend payout ratio (DPR) is 16.22%.

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.