Federal Signal FY2024 EPS Estimate Raised by William Blair

Federal Signal Co. (NYSE:FSS - Free Report) - Stock analysts at William Blair lifted their FY2024 EPS estimates for shares of Federal Signal in a research note issued to investors on Thursday, October 31st. William Blair analyst R. Sparenblek now forecasts that the conglomerate will post earnings of $3.35 per share for the year, up from their previous forecast of $3.30. The consensus estimate for Federal Signal's current full-year earnings is $3.24 per share. William Blair also issued estimates for Federal Signal's Q4 2024 earnings at $0.87 EPS, FY2025 earnings at $3.95 EPS and FY2026 earnings at $4.45 EPS.

Federal Signal Trading Down 0.3 %

Shares of NYSE FSS traded down $0.28 during trading on Monday, hitting $81.56. 898,312 shares of the company were exchanged, compared to its average volume of 345,931. Federal Signal has a 12-month low of $62.99 and a 12-month high of $102.18. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.35 and a current ratio of 2.83. The company has a fifty day moving average price of $89.36 and a 200-day moving average price of $88.65. The firm has a market capitalization of $4.99 billion, a PE ratio of 23.72 and a beta of 0.95.

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

Federal Signal Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be issued a dividend of $0.12 per share. The ex-dividend date is Friday, November 15th. This represents a $0.48 annualized dividend and a dividend yield of 0.59%. Federal Signal's dividend payout ratio is presently 13.91%.

Insider Transactions at Federal Signal

In other news, Director Brenda Reichelderfer sold 25,685 shares of Federal Signal stock in a transaction on Friday, August 30th. The stock was sold at an average price of $92.99, for a total transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 3.10% of the company's stock.

Institutional Trading of Federal Signal

Several institutional investors and hedge funds have recently bought and sold shares of FSS. Assenagon Asset Management S.A. increased its stake 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 worth $37,200,000 after purchasing an additional 211,555 shares during the period. Millennium Management LLC increased its stake in Federal Signal by 77.8% during the second quarter. Millennium Management LLC now owns 445,776 shares of the conglomerate's stock worth $37,298,000 after purchasing an additional 195,017 shares during the period. Driehaus Capital Management LLC increased its stake in Federal Signal by 20.3% during the second quarter. Driehaus Capital Management LLC now owns 912,392 shares of the conglomerate's stock worth $76,340,000 after purchasing an additional 153,765 shares during the period. PineStone Asset Management Inc. purchased a new stake in Federal Signal during the second quarter worth about $11,982,000. Finally, F M Investments LLC purchased a new stake in Federal Signal during the second quarter worth about $11,058,000. 92.73% of the stock is currently 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.