Federal Signal Co. Expected to Post Q2 2024 Earnings of $0.83 Per Share (NYSE:FSS)

Federal Signal Co. (NYSE:FSS) – Equities researchers at DA Davidson issued their Q2 2024 EPS estimates for Federal Signal in a report issued on Friday, May 3rd. DA Davidson analyst M. Shlisky anticipates that the conglomerate will post earnings per share of $0.83 for the quarter. The consensus estimate for Federal Signal’s current full-year earnings is $3.07 per share.

Federal Signal Stock Performance

Federal Signal stock opened at $85.88 on Monday. The firm’s fifty day moving average price is $82.35 and its 200 day moving average price is $76.03. The company has a market capitalization of $5.25 billion, a price-to-earnings ratio of 29.01 and a beta of 1.02. Federal Signal has a 12-month low of $51.31 and a 12-month high of $88.47. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.82 and a quick ratio of 1.29.

Federal Signal (NYSE:FSS) last released its quarterly earnings results on Tuesday, April 30th. The conglomerate reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.09. Federal Signal had a net margin of 10.31% and a return on equity of 17.36%. The firm had revenue of $424.90 million for the quarter, compared to the consensus estimate of $425.58 million. During the same quarter in the previous year, the firm posted $0.46 EPS. The firm’s quarterly revenue was up 10.2% on a year-over-year basis.

Federal Signal Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 17th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.56%. The ex-dividend date is Thursday, May 16th. Federal Signal’s payout ratio is currently 16.22%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Norges Bank acquired a new position in Federal Signal during the 4th quarter valued at about $52,130,000. Invesco Ltd. raised its holdings in shares of Federal Signal by 156.3% in the 3rd quarter. Invesco Ltd. now owns 945,571 shares of the conglomerate’s stock worth $56,479,000 after purchasing an additional 576,643 shares in the last quarter. Conestoga Capital Advisors LLC raised its holdings in shares of Federal Signal by 52.4% in the 3rd quarter. Conestoga Capital Advisors LLC now owns 1,318,407 shares of the conglomerate’s stock worth $78,748,000 after purchasing an additional 453,342 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of Federal Signal by 946.5% in the 1st quarter. Assenagon Asset Management S.A. now owns 322,088 shares of the conglomerate’s stock worth $27,336,000 after purchasing an additional 291,309 shares in the last quarter. Finally, Van Berkom & Associates Inc. raised its holdings in shares of Federal Signal by 18.4% in the 3rd quarter. Van Berkom & Associates Inc. now owns 1,549,215 shares of the conglomerate’s stock worth $92,535,000 after purchasing an additional 241,282 shares in the last quarter. 92.73% of the stock is owned by institutional investors and hedge funds.

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.