FY2024 EPS Estimate for Federal Signal Raised by Analyst

Federal Signal Co. (NYSE:FSS - Free Report) - Investment analysts at DA Davidson increased their FY2024 earnings per share (EPS) estimates for shares of Federal Signal in a research report issued to clients and investors on Tuesday, November 5th. DA Davidson analyst M. Shlisky now expects that the conglomerate will earn $3.31 per share for the year, up from their prior estimate of $3.24. DA Davidson currently has a "Neutral" rating and a $90.00 price objective on the stock. The consensus estimate for Federal Signal's current full-year earnings is $3.35 per share. DA Davidson also issued estimates for Federal Signal's Q4 2024 earnings at $0.84 EPS and FY2025 earnings at $3.54 EPS.

Federal Signal Stock Up 6.8 %

FSS traded up $5.77 during midday trading on Wednesday, reaching $90.38. The company's stock had a trading volume of 586,147 shares, compared to its average volume of 348,903. The stock's 50-day moving average is $88.92 and its 200-day moving average is $88.69. Federal Signal has a 1 year low of $62.99 and a 1 year high of $102.18. The firm has a market capitalization of $5.52 billion, a price-to-earnings ratio of 26.20 and a beta of 0.95. The company has a current ratio of 2.83, a quick ratio of 1.36 and a debt-to-equity ratio of 0.19.

Federal Signal (NYSE:FSS - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The conglomerate reported $0.88 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.84 by $0.04. The business had revenue of $474.20 million during the quarter, compared to the consensus estimate of $481.71 million. Federal Signal had a return on equity of 18.46% and a net margin of 11.57%. The firm's quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.71 earnings per share.

Federal Signal Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date of this dividend is Friday, November 15th. Federal Signal's dividend payout ratio (DPR) is presently 13.91%.

Insider Buying and Selling at Federal Signal

In related news, Director Brenda Reichelderfer sold 25,685 shares of the company's stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $92.99, for a total value of $2,388,448.15. Following the transaction, the director now owns 57,417 shares in the company, valued at $5,339,206.83. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Federal Signal

Several institutional investors have recently modified their holdings of the business. Assenagon Asset Management S.A. increased its position in Federal Signal by 113.4% during the third quarter. Assenagon Asset Management S.A. now owns 398,031 shares of the conglomerate's stock valued at $37,200,000 after acquiring an additional 211,555 shares during the last quarter. Millennium Management LLC boosted its stake in shares of Federal Signal by 77.8% during the 2nd quarter. Millennium Management LLC now owns 445,776 shares of the conglomerate's stock worth $37,298,000 after acquiring an additional 195,017 shares during the last quarter. Driehaus Capital Management LLC grew its position in shares of Federal Signal by 20.3% during the 2nd quarter. Driehaus Capital Management LLC now owns 912,392 shares of the conglomerate's stock valued at $76,340,000 after acquiring an additional 153,765 shares during the period. PineStone Asset Management Inc. purchased a new stake in shares of Federal Signal in the 2nd quarter worth $11,982,000. Finally, F M Investments LLC purchased a new position in Federal Signal during the second quarter valued at $11,058,000. 92.73% of the stock is owned by hedge funds and other institutional investors.

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.