Equities research analysts expect that Federal Signal Co. (NYSE:FSS) will announce $263.63 million in sales for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Federal Signal’s earnings, with the highest sales estimate coming in at $266.60 million and the lowest estimate coming in at $258.60 million. Federal Signal posted sales of $249.70 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 5.6%. The company is scheduled to issue its next earnings results on Tuesday, May 14th.
On average, analysts expect that Federal Signal will report full-year sales of $1.15 billion for the current year, with estimates ranging from $1.14 billion to $1.15 billion. For the next year, analysts anticipate that the business will post sales of $1.20 billion, with estimates ranging from $1.18 billion to $1.21 billion. Zacks’ sales averages are an average based on a survey of research firms that cover Federal Signal.
Federal Signal (NYSE:FSS) last released its earnings results on Thursday, February 28th. The conglomerate reported $0.39 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.07. The firm had revenue of $279.40 million during the quarter, compared to analysts’ expectations of $268.10 million. Federal Signal had a net margin of 8.63% and a return on equity of 17.44%. The business’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.24 EPS.
NYSE:FSS traded up $0.44 during trading hours on Monday, hitting $27.77. 376,293 shares of the company traded hands, compared to its average volume of 279,943. The stock has a market cap of $1.67 billion, a P/E ratio of 19.42 and a beta of 1.44. Federal Signal has a twelve month low of $18.59 and a twelve month high of $28.32. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.07 and a quick ratio of 1.08.
The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Monday, March 18th were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 1.15%. The ex-dividend date of this dividend was Friday, March 15th. Federal Signal’s payout ratio is currently 22.38%.
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 value of $1,492,200.00. Following the sale, the director now owns 250,080 shares of the company’s stock, valued at approximately $6,219,489.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 4.00% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the business. Piedmont Investment Advisors Inc. increased its holdings in Federal Signal by 3.4% in the 4th quarter. Piedmont Investment Advisors Inc. now owns 14,321 shares of the conglomerate’s stock valued at $285,000 after buying an additional 472 shares during the period. Victory Capital Management Inc. increased its holdings in Federal Signal by 4.1% in the 4th quarter. Victory Capital Management Inc. now owns 15,489 shares of the conglomerate’s stock valued at $308,000 after buying an additional 604 shares during the period. Legal & General Group Plc increased its holdings in Federal Signal by 0.7% in the 4th quarter. Legal & General Group Plc now owns 143,623 shares of the conglomerate’s stock valued at $2,846,000 after buying an additional 1,035 shares during the period. Texas Permanent School Fund increased its holdings in Federal Signal by 4.1% in the 4th quarter. Texas Permanent School Fund now owns 39,422 shares of the conglomerate’s stock valued at $784,000 after buying an additional 1,544 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Federal Signal by 56.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,552 shares of the conglomerate’s stock valued at $91,000 after buying an additional 1,636 shares during the period. 89.80% of the stock is currently owned by hedge funds and other institutional investors.
Federal Signal Company Profile
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.
Read More: What is Net Asset Value (NAV)?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.