Q2 2024 Earnings Forecast for Federal Signal Co. Issued By Seaport Res Ptn (NYSE:FSS)

Federal Signal Co. (NYSE:FSS) – Equities researchers at Seaport Res Ptn raised their Q2 2024 earnings per share estimates for Federal Signal in a note issued to investors on Wednesday, May 1st. Seaport Res Ptn analyst W. Liptak now anticipates that the conglomerate will earn $0.82 per share for the quarter, up from their previous forecast of $0.76. The consensus estimate for Federal Signal’s current full-year earnings is $3.04 per share. Seaport Res Ptn also issued estimates for Federal Signal’s Q4 2024 earnings at $0.85 EPS.

Federal Signal Trading Down 0.4 %

FSS opened at $81.96 on Friday. The firm’s 50 day moving average is $82.28 and its 200-day moving average is $75.44. Federal Signal has a 52-week low of $50.71 and a 52-week high of $88.47. The company has a quick ratio of 1.36, a current ratio of 2.82 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $5.01 billion, a P/E ratio of 27.69 and a beta of 1.02.

Federal Signal (NYSE:FSS) last issued its earnings results on Tuesday, April 30th. The conglomerate reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.09. Federal Signal had a return on equity of 17.36% and a net margin of 10.31%. The firm had revenue of $424.90 million for the quarter, compared to analysts’ expectations of $425.58 million. During the same quarter last year, the firm earned $0.46 earnings per share. The firm’s revenue for the quarter was up 10.2% compared to the same quarter last year.

Federal Signal Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 17th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.59%. The ex-dividend date of this dividend is Thursday, May 16th. Federal Signal’s dividend payout ratio is currently 16.22%.

Hedge Funds Weigh In On Federal Signal

Several institutional investors have recently made changes to their positions in the stock. Norges Bank acquired a new stake in Federal Signal in the 4th quarter valued at approximately $52,130,000. Invesco Ltd. increased its holdings in shares of Federal Signal by 156.3% during the third quarter. Invesco Ltd. now owns 945,571 shares of the conglomerate’s stock valued at $56,479,000 after purchasing an additional 576,643 shares during the period. Conestoga Capital Advisors LLC lifted its holdings in Federal Signal by 52.4% in the third 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 during the period. Assenagon Asset Management S.A. grew its position in Federal Signal by 946.5% in the 1st quarter. Assenagon Asset Management S.A. now owns 322,088 shares of the conglomerate’s stock valued at $27,336,000 after buying an additional 291,309 shares in the last quarter. Finally, Van Berkom & Associates Inc. increased its stake in Federal Signal by 18.4% during the 3rd quarter. Van Berkom & Associates Inc. now owns 1,549,215 shares of the conglomerate’s stock valued at $92,535,000 after buying an additional 241,282 shares during the period. 92.73% of the stock is owned by institutional investors.

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.