Federal Signal Corporation (FSS) to Issue Quarterly Dividend of $0.15 on December 1st

Federal Signal Corporation (NYSE:FSS) announced a quarterly dividend on Tuesday, October 27th. Shareholders of record on Friday, November 13th will be paid a dividend of $0.15 per share by the conglomerate on Tuesday, December 1st. This represents a $0.60 annualized dividend and a yield of 0.5%. The ex-dividend date is Friday, November 13th.

Federal Signal has raised its dividend by an average of 0.1% annually over the last three years and has raised its dividend annually for the last 3 consecutive years. Federal Signal has a payout ratio of 14.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect Federal Signal to earn $5.77 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 10.4%.

Federal Signal Price Performance

Shares of FSS opened at $113.32 on Thursday. The company has a current ratio of 2.74, a quick ratio of 1.21 and a debt-to-equity ratio of 0.30. The firm has a market cap of $6.92 billion, a price-to-earnings ratio of 24.42, a PEG ratio of 1.54 and a beta of 1.23. Federal Signal has a 52 week low of $101.18 and a 52 week high of $134.51. The stock has a 50 day moving average of $115.66 and a 200-day moving average of $115.73.

Federal Signal (NYSE:FSS) last announced its quarterly earnings data on Thursday, July 30th. The conglomerate reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.13. Federal Signal had a return on equity of 21.36% and a net margin of 11.66%. The firm had revenue of $670.20 million for the quarter, compared to analysts’ expectations of $667.04 million. During the same period last year, the business posted $1.17 earnings per share. The firm’s revenue for the quarter was up 18.7% on a year-over-year basis. As a group, analysts forecast that Federal Signal will post 5.24 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Citigroup began coverage on shares of Federal Signal in a report on Monday, August 17th. They issued a “buy” rating and a $150.00 price target for the company. Zacks Research lowered shares of Federal Signal from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 12th. Weiss Ratings raised shares of Federal Signal from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, October 8th. Finally, Wall Street Zen downgraded Federal Signal from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $140.50.

Federal Signal Company Profile

Federal Signal Corporation (NYSE:FSS) designs and manufactures equipment and systems used by municipalities, government agencies, industrial organizations and commercial customers. Its products support public safety, infrastructure maintenance, environmental protection and emergency response activities.

The company operates through two principal business areas: Environmental Solutions and Safety and Security Systems. Environmental Solutions products include street sweepers, sewer cleaners, vacuum trucks, hydro-excavation equipment, dump bodies and snow and ice control equipment.