Analysts forecast that Federal Signal Co. (NYSE:FSS) will announce sales of $309.53 million for the current quarter, Zacks reports. Three analysts have provided estimates for Federal Signal’s earnings. The highest sales estimate is $314.90 million and the lowest is $306.70 million. Federal Signal reported sales of $279.40 million during the same quarter last year, which would suggest a positive year over year growth rate of 10.8%. The firm is expected to report its next earnings results on Thursday, February 27th.
On average, analysts expect that Federal Signal will report full year sales of $1.22 billion for the current fiscal year, with estimates ranging from $1.21 billion to $1.22 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $1.30 billion, with estimates ranging from $1.29 billion to $1.30 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Federal Signal.
Federal Signal (NYSE:FSS) last issued its quarterly earnings results on Thursday, October 31st. The conglomerate reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.05. Federal Signal had a return on equity of 18.45% and a net margin of 9.37%. The firm had revenue of $308.80 million for the quarter, compared to analyst estimates of $309.06 million. During the same period in the previous year, the company posted $0.36 earnings per share. The company’s quarterly revenue was up 14.6% compared to the same quarter last year.
FSS traded up $0.28 on Friday, hitting $32.44. 422,282 shares of the stock traded hands, compared to its average volume of 327,503. Federal Signal has a 52 week low of $18.59 and a 52 week high of $35.75. The company has a current ratio of 2.32, a quick ratio of 1.17 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $1.99 billion, a PE ratio of 22.69 and a beta of 1.57. The business has a fifty day moving average price of $32.99 and a two-hundred day moving average price of $29.63.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Wednesday, November 13th were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date of this dividend was Tuesday, November 12th. Federal Signal’s payout ratio is 22.38%.
In other Federal Signal news, VP Svetlana Vinokur sold 10,818 shares of Federal Signal stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $32.30, for a total transaction of $349,421.40. Following the sale, the vice president now directly owns 23,774 shares of the company’s stock, valued at $767,900.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Ian A. Hudson sold 45,087 shares of Federal Signal stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $32.04, for a total value of $1,444,587.48. Following the sale, the chief financial officer now directly owns 48,974 shares in the company, valued at $1,569,126.96. The disclosure for this sale can be found here. Insiders have sold 95,905 shares of company stock worth $3,137,209 over the last ninety days. Company insiders own 4.00% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Optimum Investment Advisors acquired a new stake in Federal Signal during the third quarter valued at approximately $33,000. Point72 Asset Management L.P. acquired a new stake in Federal Signal during the second quarter valued at approximately $40,000. Parallel Advisors LLC boosted its holdings in Federal Signal by 43.8% during the second quarter. Parallel Advisors LLC now owns 2,300 shares of the conglomerate’s stock valued at $62,000 after purchasing an additional 700 shares in the last quarter. Contravisory Investment Management Inc. acquired a new stake in Federal Signal during the third quarter valued at approximately $145,000. Finally, First Mercantile Trust Co. boosted its holdings in Federal Signal by 11.6% during the third quarter. First Mercantile Trust Co. now owns 4,901 shares of the conglomerate’s stock valued at $160,000 after purchasing an additional 508 shares in the last quarter. 90.22% of the stock is currently owned by institutional investors.
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.
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