DA Davidson Weighs in on Federal Signal Co.’s Q2 2024 Earnings (NYSE:FSS)

Federal Signal Co. (NYSE:FSS) – Investment analysts at DA Davidson issued their Q2 2024 earnings estimates for Federal Signal in a research report issued to clients and investors on Friday, May 3rd. DA Davidson analyst M. Shlisky expects that the conglomerate will earn $0.83 per share for the quarter. The consensus estimate for Federal Signal’s current full-year earnings is $3.07 per share.

Federal Signal Stock Performance

Shares of FSS opened at $84.29 on Monday. The firm has a 50-day moving average price of $82.32 and a 200 day moving average price of $75.83. The firm has a market capitalization of $5.15 billion, a PE ratio of 28.48 and a beta of 1.02. The company has a quick ratio of 1.29, a current ratio of 2.82 and a debt-to-equity ratio of 0.26. Federal Signal has a 52-week low of $51.31 and a 52-week high of $88.47.

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

Institutional Trading of Federal Signal

A number of large investors have recently added to or reduced their stakes in FSS. Quantbot Technologies LP acquired a new stake in Federal Signal during the 1st quarter valued at $1,537,000. Duality Advisers LP acquired a new position in Federal Signal in the 1st quarter valued at approximately $1,081,000. Texas Permanent School Fund Corp boosted its stake in shares of Federal Signal by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 53,324 shares of the conglomerate’s stock valued at $4,526,000 after buying an additional 690 shares during the period. GSA Capital Partners LLP acquired a new position in shares of Federal Signal in the first quarter worth $677,000. Finally, Central Pacific Bank Trust Division acquired a new stake in Federal Signal during the first quarter valued at $129,000. 92.73% of the stock is currently owned by institutional investors.

Federal Signal Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 17th will be given a $0.12 dividend. The ex-dividend date is Thursday, May 16th. This represents a $0.48 dividend on an annualized basis and a yield of 0.57%. Federal Signal’s dividend payout ratio is presently 16.22%.

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.