Federal Signal Co. (FSS) Trading 3.1% Higher
Federal Signal Co. (NYSE:FSS)’s share price traded up 3.1% on Wednesday . The company traded as high as $13.18 and last traded at $13.17, with a volume of 476,862 shares. The stock had previously closed at $12.78.
A number of equities analysts have recently weighed in on the company. Zacks Investment Research upgraded Federal Signal from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 3rd. TheStreet lowered Federal Signal from a “buy” rating to a “hold” rating in a research note on Thursday, August 4th.
The firm has a 50-day moving average price of $13.13 and a 200 day moving average price of $13.20. The stock has a market cap of $792.91 million and a P/E ratio of 15.53.
Federal Signal (NYSE:FSS) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by $0.02. The business earned $172.30 million during the quarter, compared to analyst estimates of $180.05 million. The business’s revenue was down 16.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.29 EPS. Equities research analysts expect that Federal Signal Co. will post $0.70 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, August 26th. Shareholders of record on Tuesday, August 16th will be paid a dividend of $0.07 per share. The ex-dividend date is Friday, August 12th. This represents a $0.28 dividend on an annualized basis and a yield of 2.19%.
A hedge fund recently raised its stake in Federal Signal stock. Victory Capital Management Inc. increased its position in shares of Federal Signal Co. (NYSE:FSS) by 14.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 93,856 shares of the company’s stock after buying an additional 11,848 shares during the period. Victory Capital Management Inc. owned about 0.15% of Federal Signal worth $1,488,000 as of its most recent filing with the SEC.
Federal Signal Corporation designs and manufactures products and integrated solutions for municipal governmental industrial and commercial customers. The Company operates through two segments: Environmental Solutions Group, and Safety and Security Systems Group. Environmental Solutions Group is manufacturer and supplier of a range of street sweeper vehicles, sewer cleaner and vacuum loader trucks, hydro-excavation trucks and waterblasting equipment.
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