FY2024 EPS Forecast for Federal Signal Increased by Analyst

Federal Signal Co. (NYSE:FSS) – Stock analysts at DA Davidson boosted their FY2024 earnings per share estimates for shares of Federal Signal in a research note issued to investors on Tuesday, November 5th. DA Davidson analyst M. Shlisky now forecasts that the conglomerate will post earnings per share of $3.31 for the year, up from their prior forecast of $3.24. DA Davidson has a “Neutral” rating and a $90.00 price objective on the stock. The consensus estimate for Federal Signal’s current full-year earnings is $3.35 per share. DA Davidson also issued estimates for Federal Signal’s Q4 2024 earnings at $0.84 EPS and FY2025 earnings at $3.54 EPS.

Federal Signal (NYSE:FSS) last issued its quarterly earnings results on Thursday, October 31st. The conglomerate reported $0.88 earnings per share (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 company had revenue of $474.20 million for the quarter, compared to analyst estimates of $481.71 million. During the same quarter last year, the company posted $0.71 EPS. The company’s revenue for the quarter was up 6.2% compared to the same quarter last year.

Federal Signal Trading Up 6.8 %

Shares of FSS opened at $90.38 on Wednesday. Federal Signal has a 52-week low of $62.99 and a 52-week high of $102.18. The business’s fifty day moving average is $88.92 and its 200-day moving average is $88.69. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.36 and a current ratio of 2.83. The firm has a market cap of $5.52 billion, a price-to-earnings ratio of 26.20 and a beta of 0.95.

Institutional Investors Weigh In On Federal Signal

Hedge funds have recently modified their holdings of the company. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in shares of Federal Signal by 150.0% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 30,000 shares of the conglomerate’s stock valued at $2,546,000 after acquiring an additional 18,000 shares in the last quarter. UniSuper Management Pty Ltd acquired a new stake in shares of Federal Signal during the 1st quarter valued at $919,000. Susquehanna Fundamental Investments LLC acquired a new position in Federal Signal during the 1st quarter worth about $917,000. BNP Paribas Financial Markets lifted its holdings in Federal Signal by 74.6% during the 1st quarter. BNP Paribas Financial Markets now owns 85,516 shares of the conglomerate’s stock worth $7,258,000 after buying an additional 36,534 shares during the period. Finally, State Board of Administration of Florida Retirement System lifted its holdings in Federal Signal by 22.6% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 59,731 shares of the conglomerate’s stock worth $5,069,000 after buying an additional 11,013 shares during the period. Institutional investors and hedge funds own 92.73% of the company’s stock.

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 transaction of $2,388,448.15. Following 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate 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. Stockholders of record on Friday, November 15th will be paid a $0.12 dividend. The ex-dividend date is Friday, November 15th. This represents a $0.48 annualized dividend and a dividend yield of 0.53%. Federal Signal’s 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.