Federal Signal Co. Declares Quarterly Dividend of $0.14 (NYSE:FSS)

Federal Signal Co. (NYSE:FSS - Get Free Report) declared a quarterly dividend on Tuesday, April 22nd, RTT News reports. Investors of record on Friday, May 16th will be paid a dividend of 0.14 per share by the conglomerate on Friday, May 30th. This represents a $0.56 annualized dividend and a yield of 0.74%. The ex-dividend date is Friday, May 16th.

Federal Signal has increased its dividend by an average of 10.1% per year over the last three years. Federal Signal has a dividend payout ratio of 13.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Federal Signal to earn $3.76 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 14.9%.

Federal Signal Price Performance

NYSE FSS traded down $1.25 on Friday, hitting $75.47. The stock had a trading volume of 102,397 shares, compared to its average volume of 554,565. The firm has a 50-day moving average of $78.82 and a 200-day moving average of $88.55. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.36 and a current ratio of 2.83. Federal Signal has a 52-week low of $66.47 and a 52-week high of $102.18. The company has a market capitalization of $4.61 billion, a price-to-earnings ratio of 21.88, a price-to-earnings-growth ratio of 1.85 and a beta of 1.11.

Federal Signal (NYSE:FSS - Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The conglomerate reported $0.87 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.87. The company had revenue of $472.00 million during the quarter, compared to analyst estimates of $481.90 million. Federal Signal had a return on equity of 18.46% and a net margin of 11.57%. Equities analysts expect that Federal Signal will post 3.34 EPS for the current year.

Insider Buying and Selling

In other news, CEO Jennifer L. Sherman bought 1,250 shares of Federal Signal stock in a transaction on Friday, February 28th. The shares were purchased at an average price of $82.32 per share, for a total transaction of $102,900.00. Following the acquisition, the chief executive officer now owns 559,183 shares of the company's stock, valued at approximately $46,031,944.56. The trade was a 0.22 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.30% of the stock is owned by corporate insiders.

Federal Signal declared that its Board of Directors has approved a share buyback program on Tuesday, April 22nd that authorizes the company to repurchase $150.00 million in outstanding shares. This repurchase authorization authorizes the conglomerate to buy up to 3.3% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

FSS has been the subject of a number of research analyst reports. StockNews.com downgraded shares of Federal Signal from a "buy" rating to a "hold" rating in a report on Saturday, March 1st. Raymond James reduced their price objective on Federal Signal from $105.00 to $100.00 and set an "outperform" rating on the stock in a research report on Monday, April 14th.

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.