Seaport Res Ptn Lifts Earnings Estimates for Federal Signal

Federal Signal Co. (NYSE:FSS - Free Report) - Equities research analysts at Seaport Res Ptn increased their Q4 2024 EPS estimates for shares of Federal Signal in a report released on Monday, November 11th. Seaport Res Ptn analyst W. Liptak now forecasts that the conglomerate will post earnings of $0.87 per share for the quarter, up from their previous estimate of $0.78. The consensus estimate for Federal Signal's current full-year earnings is $3.34 per share. Seaport Res Ptn also issued estimates for Federal Signal's Q1 2025 earnings at $0.71 EPS and Q2 2025 earnings at $1.02 EPS.

Separately, DA Davidson dropped their target price on shares of Federal Signal from $94.00 to $90.00 and set a "neutral" rating for the company in a report on Tuesday, November 5th.

Federal Signal Trading Down 1.8 %

Shares of FSS traded down $1.69 during trading on Thursday, reaching $90.72. 621,837 shares of the company traded hands, compared to its average volume of 356,523. The company has a quick ratio of 1.36, a current ratio of 2.83 and a debt-to-equity ratio of 0.19. The stock has a market cap of $5.54 billion, a PE ratio of 26.70 and a beta of 0.95. The stock has a 50-day simple moving average of $88.81 and a 200-day simple moving average of $88.95. Federal Signal has a twelve month low of $68.02 and a twelve month high of $102.18.

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

Federal Signal Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.53%. The ex-dividend date is Friday, November 15th. Federal Signal's payout ratio is currently 13.91%.

Insiders Place Their Bets

In other Federal Signal news, Director Brenda Reichelderfer sold 25,685 shares of the business's stock in a transaction on 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 completion of the transaction, the director now owns 57,417 shares in the company, valued at $5,339,206.83. The trade was a 30.91 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 3.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On Federal Signal

Institutional investors and hedge funds have recently made changes to their positions in the stock. Verition Fund Management LLC purchased a new stake in shares of Federal Signal in the 3rd quarter valued at approximately $495,000. Captrust Financial Advisors raised its stake in Federal Signal by 14.9% in the third quarter. Captrust Financial Advisors now owns 14,070 shares of the conglomerate's stock valued at $1,315,000 after buying an additional 1,829 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Federal Signal by 17.6% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 152,430 shares of the conglomerate's stock worth $14,246,000 after buying an additional 22,821 shares during the last quarter. Glenmede Trust Co. NA boosted its position in shares of Federal Signal by 3.0% during the 3rd quarter. Glenmede Trust Co. NA now owns 8,321 shares of the conglomerate's stock worth $778,000 after acquiring an additional 244 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its position in shares of Federal Signal by 5.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 56,789 shares of the conglomerate's stock worth $5,308,000 after acquiring an additional 2,969 shares in the last quarter. 92.73% of the stock is owned by institutional investors and hedge funds.

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.