Federal Signal Corp. (FSS) Shares Down 1.7%
Federal Signal Corp. (NYSE:FSS) was down 1.7% during trading on Friday . The stock traded as low as $12.99 and last traded at $13.06, with a volume of 496,739 shares. The stock had previously closed at $13.28.
Several equities research analysts have commented on FSS shares. Zacks Investment Research upgraded Federal Signal Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, June 21st. TheStreet lowered Federal Signal Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, August 4th.
The firm has a 50-day moving average of $13.15 and a 200 day moving average of $13.20. The company has a market cap of $785.12 million and a price-to-earnings ratio of 15.38.
Federal Signal Corp. (NYSE:FSS) last announced its earnings results on Thursday, July 28th. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.19 by $0.02. The firm had revenue of $172.30 million for the quarter, compared to analyst estimates of $180.05 million. The business’s revenue for the quarter was down 16.1% on a year-over-year basis. During the same period last year, the business earned $0.29 EPS. On average, equities analysts predict that Federal Signal Corp. will post $0.70 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 26th. Stockholders 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 annualized dividend and a dividend yield of 2.14%.
An institutional investor recently raised its position in Federal Signal Corp. stock. Victory Capital Management Inc. boosted its position in shares of Federal Signal Corp. (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 0.15% of Federal Signal Corp. worth $1,488,000 at the end of the most recent reporting period.
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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