Federal Signal Corporation (FSS) Expected to Announce Earnings of $0.21 Per Share
Analysts expect Federal Signal Corporation (NYSE:FSS) to post earnings of $0.21 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Federal Signal Corporation’s earnings. The lowest EPS estimate is $0.20 and the highest is $0.21. Federal Signal Corporation reported earnings of $0.17 per share during the same quarter last year, which indicates a positive year over year growth rate of 23.5%. The business is scheduled to announce its next quarterly earnings report on Tuesday, November 7th.
According to Zacks, analysts expect that Federal Signal Corporation will report full year earnings of $0.79 per share for the current year, with EPS estimates ranging from $0.78 to $0.80. For the next financial year, analysts forecast that the firm will report earnings of $1.04 per share, with EPS estimates ranging from $0.98 to $1.09. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that follow Federal Signal Corporation.
Federal Signal Corporation (NYSE:FSS) last issued its quarterly earnings data on Tuesday, August 8th. The conglomerate reported $0.23 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.03. Federal Signal Corporation had a return on equity of 10.59% and a net margin of 5.20%. The firm had revenue of $224.40 million during the quarter, compared to the consensus estimate of $206.53 million. During the same period in the previous year, the firm posted $0.17 EPS. The company’s quarterly revenue was up 30.2% compared to the same quarter last year.
Several analysts recently commented on FSS shares. BidaskClub lowered shares of Federal Signal Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, June 20th. Zacks Investment Research raised shares of Federal Signal Corporation from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a research note on Thursday. Four research analysts have rated the stock with a buy rating, The stock currently has an average rating of “Buy” and an average price target of $21.50.
Large investors have recently modified their holdings of the stock. IFP Advisors Inc lifted its position in shares of Federal Signal Corporation by 12,320.0% in the 2nd quarter. IFP Advisors Inc now owns 6,831 shares of the conglomerate’s stock valued at $119,000 after acquiring an additional 6,776 shares in the last quarter. Pinebridge Investments L.P. lifted its position in shares of Federal Signal Corporation by 1.1% in the 2nd quarter. Pinebridge Investments L.P. now owns 7,876 shares of the conglomerate’s stock valued at $137,000 after acquiring an additional 86 shares in the last quarter. Karp Capital Management Corp purchased a new stake in shares of Federal Signal Corporation in the 1st quarter valued at approximately $162,000. BNP Paribas Arbitrage SA lifted its position in shares of Federal Signal Corporation by 7.8% in the 1st quarter. BNP Paribas Arbitrage SA now owns 12,646 shares of the conglomerate’s stock valued at $175,000 after acquiring an additional 915 shares in the last quarter. Finally, Mason Street Advisors LLC lifted its position in shares of Federal Signal Corporation by 6.7% in the 1st quarter. Mason Street Advisors LLC now owns 13,965 shares of the conglomerate’s stock valued at $193,000 after acquiring an additional 875 shares in the last quarter. Institutional investors and hedge funds own 83.71% of the company’s stock.
Federal Signal Corporation (NYSE:FSS) opened at 20.21 on Tuesday. Federal Signal Corporation has a 12 month low of $11.68 and a 12 month high of $20.60. The company’s 50 day moving average price is $18.67 and its 200 day moving average price is $16.54. The firm has a market capitalization of $1.21 billion, a P/E ratio of 30.85 and a beta of 1.36.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 6th. Investors of record on Tuesday, August 15th were paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.39%. The ex-dividend date was Friday, August 11th. Federal Signal Corporation’s dividend payout ratio is presently 42.42%.
About Federal Signal Corporation
Federal Signal Corporation designs, manufactures and supplies a suite of products and integrated solutions for municipal, governmental, industrial and commercial customers. The Company’s segments include the Environmental Solutions Group and the Safety and Security Systems Group. Its Environmental Solutions Group manufactures and supplies a range of street sweeper vehicles, sewer cleaner and vacuum loader trucks, hydro-excavation trucks and waterblasting equipment.
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