KeyCorp Analysts Reduce Earnings Estimates for Federal Signal Co. (NYSE:FSS)

Federal Signal Co. (NYSE:FSS) – Research analysts at KeyCorp reduced their Q2 2019 earnings per share estimates for Federal Signal in a report released on Thursday, May 2nd, according to Zacks Investment Research. KeyCorp analyst S. Barger now anticipates that the conglomerate will post earnings of $0.48 per share for the quarter, down from their prior forecast of $0.49. KeyCorp also issued estimates for Federal Signal’s FY2019 earnings at $1.55 EPS, Q1 2020 earnings at $0.34 EPS and FY2020 earnings at $1.70 EPS.

Several other equities analysts have also recently commented on FSS. Zacks Investment Research upgraded shares of Federal Signal from a “hold” rating to a “strong-buy” rating and set a $28.00 price target on the stock in a report on Monday, March 4th. ValuEngine cut shares of Federal Signal from a “buy” rating to a “hold” rating in a report on Saturday, May 18th.

NYSE FSS traded up $0.03 on Monday, hitting $24.49. 109,587 shares of the stock were exchanged, compared to its average volume of 304,393. Federal Signal has a 52-week low of $18.59 and a 52-week high of $29.00. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.05 and a current ratio of 2.08. The stock has a market cap of $1.47 billion, a price-to-earnings ratio of 17.13 and a beta of 1.46.

Federal Signal (NYSE:FSS) last posted its quarterly earnings results on Thursday, May 2nd. The conglomerate reported $0.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.04. Federal Signal had a net margin of 8.85% and a return on equity of 17.57%. The firm had revenue of $273.80 million for the quarter, compared to analyst estimates of $264.40 million. During the same quarter in the previous year, the business posted $0.23 earnings per share. The firm’s quarterly revenue was up 9.7% compared to the same quarter last year.

A number of institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. lifted its position in Federal Signal by 2.3% during the 4th quarter. BlackRock Inc. now owns 8,706,981 shares of the conglomerate’s stock worth $173,269,000 after acquiring an additional 197,538 shares during the last quarter. Vanguard Group Inc raised its position in shares of Federal Signal by 1.7% during the third quarter. Vanguard Group Inc now owns 3,530,230 shares of the conglomerate’s stock valued at $94,539,000 after buying an additional 57,817 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Federal Signal by 1.7% during the third quarter. Vanguard Group Inc. now owns 3,530,230 shares of the conglomerate’s stock valued at $94,539,000 after buying an additional 57,817 shares during the last quarter. Macquarie Group Ltd. raised its position in shares of Federal Signal by 9.6% during the first quarter. Macquarie Group Ltd. now owns 2,443,137 shares of the conglomerate’s stock valued at $63,497,000 after buying an additional 214,678 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its position in shares of Federal Signal by 2.7% during the first quarter. Goldman Sachs Group Inc. now owns 1,917,212 shares of the conglomerate’s stock valued at $49,828,000 after buying an additional 49,681 shares during the last quarter. 89.12% of the stock is owned by hedge funds and other institutional investors.

In other Federal Signal news, Director Dennis J. Martin sold 60,000 shares of the business’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $24.87, for a total transaction of $1,492,200.00. Following the completion of the transaction, the director now owns 250,080 shares of the company’s stock, valued at approximately $6,219,489.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 4.00% of the stock is owned by insiders.

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 30th. Shareholders of record on Wednesday, May 15th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date is Tuesday, May 14th. Federal Signal’s dividend payout ratio is 22.38%.

About Federal Signal

Federal Signal Corporation, together with its subsidiaries, designs, manufactures, and supplies a suite of products and integrated solutions for municipal, governmental, industrial, and commercial customers in the United States, Canada, Europe, and internationally. It operates through two segments, Environmental Solutions Group and Safety and Security Systems Group.

Featured Article: Leveraged Buyout (LBO) Explained

Get a free copy of the Zacks research report on Federal Signal (FSS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Federal Signal (NYSE:FSS)

Receive News & Ratings for Federal Signal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Federal Signal and related companies with MarketBeat.com's FREE daily email newsletter.