Federal Signal Corp. (FSS) Upgraded to Hold by Zacks Investment Research
According to Zacks, “Federal Signal Corporation is a manufacturer and worldwide supplier of safety, signaling and communications equipment, hazardous area lighting, fire rescue products, street sweeping and vacuum loader vehicles, parking control equipment, custom on-premise signage, carbide cutting tools, precision punches and related die components. “
Separately, TheStreet downgraded Federal Signal Corp. from a buy rating to a hold rating in a report on Thursday, August 4th.
Federal Signal Corp. (NYSE:FSS) opened at 12.98 on Monday. Federal Signal Corp. has a 12 month low of $11.16 and a 12 month high of $17.23. The stock’s 50 day moving average is $13.16 and its 200 day moving average is $13.14. The firm has a market cap of $777.93 million, a PE ratio of 15.23 and a beta of 1.27.
Federal Signal Corp. (NYSE:FSS) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.17 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by $0.02. Federal Signal Corp. had a return on equity of 13.54% and a net margin of 7.19%. The company had revenue of $172.30 million for the quarter, compared to analyst estimates of $180.05 million. During the same period in the prior year, the business earned $0.29 earnings per share. Federal Signal Corp.’s revenue for the quarter was down 16.1% compared to the same quarter last year. On average, equities analysts forecast that Federal Signal Corp. will post $0.70 earnings per share for the current year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in Federal Signal Corp. by 2.4% in the second quarter. Vanguard Group Inc. now owns 2,818,752 shares of the company’s stock valued at $36,305,000 after buying an additional 65,279 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in shares of Federal Signal Corp. by 1.1% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,564,917 shares of the company’s stock worth $20,751,000 after buying an additional 16,870 shares in the last quarter. Investment Counselors of Maryland LLC purchased a new position in shares of Federal Signal Corp. during the second quarter worth $13,187,000. Gamco Investors INC. ET AL boosted its position in shares of Federal Signal Corp. by 1.6% in the second quarter. Gamco Investors INC. ET AL now owns 940,210 shares of the company’s stock worth $12,110,000 after buying an additional 14,500 shares in the last quarter. Finally, Macquarie Group Ltd. boosted its position in shares of Federal Signal Corp. by 27.5% in the second quarter. Macquarie Group Ltd. now owns 927,675 shares of the company’s stock worth $11,948,000 after buying an additional 200,260 shares in the last quarter. Hedge funds and other institutional investors own 83.37% of the company’s stock.
About Federal Signal Corp.
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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