Federal Signal (NYSE:FSS) Updates FY24 Earnings Guidance

Federal Signal (NYSE:FSS) updated its FY24 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $2.95-3.15 for the period, compared to the consensus estimate of $3.00. The company issued revenue guidance of $1.85-1.90 billion, compared to the consensus revenue estimate of $1.88 billion.

Federal Signal Price Performance

Federal Signal stock opened at $85.22 on Tuesday. The company has a market capitalization of $5.20 billion, a PE ratio of 33.16 and a beta of 1.03. The company has a current ratio of 2.91, a quick ratio of 1.36 and a debt-to-equity ratio of 0.29. The stock has a 50-day moving average price of $82.24 and a two-hundred day moving average price of $75.06. Federal Signal has a 12 month low of $50.71 and a 12 month high of $88.47.

Federal Signal (NYSE:FSS) last released its quarterly earnings results on Tuesday, February 27th. The conglomerate reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.07. The firm had revenue of $448.40 million during the quarter, compared to the consensus estimate of $422.45 million. Federal Signal had a net margin of 9.14% and a return on equity of 16.88%. The company’s revenue for the quarter was up 14.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.57 earnings per share. Analysts expect that Federal Signal will post 2.99 EPS for the current year.

Federal Signal Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 17th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date is Thursday, May 16th. Federal Signal’s dividend payout ratio is currently 18.68%.

Federal Signal Company Profile

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.