Brokers Offer Predictions for Federal Signal FY2024 Earnings

Federal Signal Co. (NYSE:FSS - Free Report) - Stock analysts at Seaport Res Ptn lifted their FY2024 earnings per share (EPS) estimates for shares of Federal Signal in a research note issued to investors on Monday, November 11th. Seaport Res Ptn analyst W. Liptak now expects that the conglomerate will post earnings per share of $3.35 for the year, up from their prior estimate of $3.17. 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 Q3 2025 earnings at $0.98 EPS, Q4 2025 earnings at $1.02 EPS and FY2025 earnings at $3.73 EPS.

Federal Signal (NYSE:FSS - Get Free Report) last posted its earnings results 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 analysts' expectations of $481.71 million. Federal Signal had a return on equity of 18.46% and a net margin of 11.57%. Federal Signal's revenue for the quarter was up 6.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.71 EPS.

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

Federal Signal Stock Up 1.3 %

Shares of NYSE FSS traded up $1.19 during trading hours on Wednesday, hitting $92.39. The company had a trading volume of 484,962 shares, compared to its average volume of 355,317. The stock has a market capitalization of $5.65 billion, a P/E ratio of 26.79 and a beta of 0.95. 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 firm's 50 day moving average is $88.72 and its 200-day moving average is $88.92. Federal Signal has a 1-year low of $66.04 and a 1-year high of $102.18.

Institutional Investors Weigh In On Federal Signal

A number of institutional investors have recently modified their holdings of the business. V Square Quantitative Management LLC acquired a new stake in Federal Signal in the 3rd quarter worth about $29,000. Point72 DIFC Ltd bought a new stake in shares of Federal Signal in the second quarter valued at approximately $62,000. Covestor Ltd grew its position in Federal Signal by 223.6% during the first quarter. Covestor Ltd now owns 893 shares of the conglomerate's stock worth $76,000 after buying an additional 617 shares in the last quarter. Canada Pension Plan Investment Board bought a new position in Federal Signal during the 2nd quarter worth $84,000. Finally, GAMMA Investing LLC raised its holdings in Federal Signal by 60.4% in the 2nd quarter. GAMMA Investing LLC now owns 1,062 shares of the conglomerate's stock valued at $89,000 after acquiring an additional 400 shares in the last quarter. Institutional investors own 92.73% of the company's stock.

Insider Activity

In other Federal Signal news, Director Brenda Reichelderfer sold 25,685 shares of the 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 of the company's stock, valued at $5,339,206.83. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 3.10% of the company's stock.

Federal Signal Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.52%. The ex-dividend date of this dividend is Friday, November 15th. Federal Signal's dividend payout ratio is 13.91%.

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.