Federal Signal (NYSE:FSS) Releases Earnings Results, Beats Expectations By $0.04 EPS

Federal Signal (NYSE:FSS) released its quarterly earnings results on Thursday. The conglomerate reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.04, Zacks reports. Federal Signal had a return on equity of 18.46% and a net margin of 11.57%. The business had revenue of $474.20 million during the quarter, compared to analyst estimates of $481.71 million. During the same quarter last year, the company posted $0.71 EPS. Federal Signal’s revenue for the quarter was up 6.2% on a year-over-year basis. Federal Signal updated its FY24 guidance to $3.30-3.40 EPS and its FY 2024 guidance to 3.300-3.400 EPS.

Federal Signal Stock Up 0.3 %

NYSE:FSS traded up $0.27 during trading hours on Friday, hitting $81.84. 570,823 shares of the stock traded hands, compared to its average volume of 315,839. The firm has a 50 day moving average price of $89.36 and a 200 day moving average price of $88.65. The firm has a market cap of $5.00 billion, a price-to-earnings ratio of 23.72 and a beta of 0.95. Federal Signal has a fifty-two week low of $60.09 and a fifty-two week high of $102.18. The company has a current ratio of 2.83, a quick ratio of 1.35 and a debt-to-equity ratio of 0.19.

Federal Signal Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date of this dividend is Friday, November 15th. Federal Signal’s dividend payout ratio is 13.91%.

Insider Activity

In related news, Director Brenda Reichelderfer sold 25,685 shares of the stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $92.99, for a total value of $2,388,448.15. Following the completion of the sale, the director now directly owns 57,417 shares of the company’s stock, valued at approximately $5,339,206.83. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.10% of the stock is currently owned by corporate insiders.

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.