Federal Signal FY2024 EPS Estimate Raised by William Blair

Federal Signal Co. (NYSE:FSS) – Equities research analysts at William Blair boosted their FY2024 earnings estimates for shares of Federal Signal in a research report issued on Thursday, October 31st. William Blair analyst R. Sparenblek now anticipates 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 Stock Down 0.3 %

Shares of FSS stock opened at $81.56 on Monday. The stock has a market cap of $4.99 billion, a P/E ratio of 23.64 and a beta of 0.95. The stock has a fifty day moving average price of $89.12 and a 200 day moving average price of $88.65. Federal Signal has a one year low of $62.99 and a one year high of $102.18. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.83 and a quick ratio of 1.35.

Federal Signal (NYSE:FSS) last released its quarterly earnings results on Thursday, October 31st. The conglomerate reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $481.71 million. During the same period in the prior year, the company earned $0.71 earnings per share. The business’s quarterly revenue was up 6.2% compared to the same quarter last year.

Institutional Investors Weigh In On Federal Signal

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. V Square Quantitative Management LLC bought a new stake in shares of Federal Signal during the 3rd quarter worth about $29,000. Point72 DIFC Ltd bought a new position in Federal Signal in the second quarter valued at approximately $62,000. Covestor Ltd raised its holdings in shares of Federal Signal by 223.6% during the 1st 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 acquired a new position in Federal Signal during the 2nd quarter worth approximately $84,000. Finally, GAMMA Investing LLC boosted its holdings in shares of Federal Signal by 60.4% during 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. 92.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Federal Signal

In other news, Director Brenda Reichelderfer sold 25,685 shares of the company’s stock in a transaction dated 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 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 sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 3.10% of the stock is owned by company insiders.

Federal Signal Dividend Announcement

The company 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 dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.59%. The ex-dividend date of this dividend is Friday, November 15th. Federal Signal’s dividend payout ratio is 13.91%.

About Federal Signal

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.