Federal Signal (NYSE:FSS - Get Free Report) issued its earnings results on Thursday. The conglomerate reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.04, Zacks reports. Federal Signal had a net margin of 11.57% and a return on equity of 18.46%. The business had revenue of $474.20 million for the quarter, compared to analyst estimates of $481.71 million. During the same period in the previous year, the business earned $0.71 EPS. The firm's revenue was up 6.2% on a year-over-year basis. Federal Signal updated its FY24 guidance to $3.30-3.40 EPS and its FY 2024 guidance to 3.300-3.400 EPS.
Federal Signal Price Performance
NYSE:FSS traded up $0.27 during trading hours on Friday, reaching $81.84. The company had a trading volume of 570,823 shares, compared to its average volume of 315,839. The company has a quick ratio of 1.35, a current ratio of 2.83 and a debt-to-equity ratio of 0.19. The stock has a 50-day moving average of $89.36 and a two-hundred day moving average of $88.65. Federal Signal has a one year low of $60.09 and a one year high of $102.18. The firm has a market capitalization of $5.00 billion, a PE ratio of 23.72 and a beta of 0.95.
Federal Signal Dividend Announcement
The business also recently announced 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. 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 (DPR) is presently 13.91%.
Insider Buying and Selling at Federal Signal
In other Federal Signal news, Director Brenda Reichelderfer sold 25,685 shares of the business'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 directly owns 57,417 shares in the company, valued at $5,339,206.83. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 3.10% of the company's stock.
About Federal Signal
(
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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.
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