Federal Signal (NYSE:FSS - Get Free Report) updated its FY 2024 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 3.300-3.400 for the period, compared to the consensus estimate of 3.270. The company issued revenue guidance of $1.9 billion-$1.9 billion, compared to the consensus revenue estimate of $1.9 billion. Federal Signal also updated its FY24 guidance to $3.30-3.40 EPS.
Federal Signal Trading Down 3.8 %
Shares of NYSE:FSS traded down $3.20 during midday trading on Thursday, hitting $81.58. 500,268 shares of the stock traded hands, compared to its average volume of 342,247. The company has a quick ratio of 1.35, a current ratio of 2.89 and a debt-to-equity ratio of 0.23. The business's 50 day moving average is $89.82 and its two-hundred day moving average is $88.63. The stock has a market capitalization of $4.99 billion, a PE ratio of 25.76 and a beta of 0.93. Federal Signal has a one year low of $57.29 and a one year high of $102.18.
Federal Signal Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.59%. The ex-dividend date is Friday, November 15th. Federal Signal's dividend payout ratio (DPR) is currently 14.59%.
Insider Activity
In related news, Director Brenda Reichelderfer sold 25,685 shares of the firm's stock in a transaction on Friday, August 30th. The stock was sold at an average price of $92.99, for a total value of $2,388,448.15. Following the completion of the sale, the director now owns 57,417 shares of the company's stock, valued at $5,339,206.83. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 3.10% of the company's stock.
Federal Signal Company Profile
(
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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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