Federal Signal (NYSE:FSS) Issues Earnings Results, Beats Estimates By $0.11 EPS

Federal Signal (NYSE:FSS) posted its earnings results on Thursday. The conglomerate reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.11, Briefing.com reports. The business had revenue of $490.40 million during the quarter, compared to the consensus estimate of $487.74 million. Federal Signal had a net margin of 10.31% and a return on equity of 17.36%. The firm’s revenue was up 10.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.67 EPS. Federal Signal updated its FY24 guidance to $3.20-3.35 EPS and its FY 2024 guidance to 3.200-3.350 EPS.

Federal Signal Stock Performance

FSS traded up $2.95 during trading on Friday, hitting $99.33. The company’s stock had a trading volume of 482,709 shares, compared to its average volume of 341,721. The business’s 50 day simple moving average is $87.32 and its 200-day simple moving average is $83.02. The firm has a market cap of $6.07 billion, a PE ratio of 33.66 and a beta of 0.95. Federal Signal has a one year low of $56.37 and a one year high of $100.90. The company has a quick ratio of 1.29, a current ratio of 2.82 and a debt-to-equity ratio of 0.26.

Federal Signal Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Friday, August 16th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, August 16th. This represents a $0.48 annualized dividend and a yield of 0.48%. Federal Signal’s dividend payout ratio (DPR) is 16.22%.

Analyst Ratings Changes

Separately, William Blair initiated coverage on Federal Signal in a report on Friday, May 31st. They issued an “outperform” rating for the company.

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.