Federal Signal Co. (FSS) Expected to Announce Quarterly Sales of $230.07 Million
Brokerages expect that Federal Signal Co. (NYSE:FSS) will announce $230.07 million in sales for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Federal Signal’s earnings. The highest sales estimate is $237.00 million and the lowest is $223.20 million. Federal Signal posted sales of $176.10 million in the same quarter last year, which would indicate a positive year over year growth rate of 30.6%. The firm is scheduled to report its next earnings report on Tuesday, February 27th.
On average, analysts expect that Federal Signal will report full-year sales of $230.07 million for the current fiscal year, with estimates ranging from $874.00 million to $887.90 million. For the next fiscal year, analysts anticipate that the business will report sales of $1.01 billion per share, with estimates ranging from $982.90 million to $1.02 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, November 2nd. The conglomerate reported $0.24 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.03. Federal Signal had a return on equity of 11.39% and a net margin of 5.30%. The firm had revenue of $249.00 million during the quarter, compared to the consensus estimate of $240.30 million. During the same period last year, the business posted $0.17 EPS. The business’s revenue was up 33.4% compared to the same quarter last year.
A number of brokerages have weighed in on FSS. Zacks Investment Research downgraded Federal Signal from a “buy” rating to a “hold” rating in a report on Wednesday, September 6th. ValuEngine downgraded Federal Signal from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Federal Signal currently has a consensus rating of “Buy” and a consensus target price of $22.50.
Shares of Federal Signal (FSS) traded down $0.18 during trading on Monday, reaching $20.36. The company’s stock had a trading volume of 93,600 shares, compared to its average volume of 260,521. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.23 and a current ratio of 2.37. Federal Signal has a 52-week low of $13.07 and a 52-week high of $23.64. The firm has a market cap of $1,232.07, a P/E ratio of 27.89 and a beta of 1.30.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 5th. Shareholders of record on Tuesday, November 14th were issued a dividend of $0.07 per share. The ex-dividend date of this dividend was Monday, November 13th. This represents a $0.28 dividend on an annualized basis and a yield of 1.38%. Federal Signal’s payout ratio is currently 38.36%.
In other news, Director Brenda Reichelderfer sold 45,721 shares of the firm’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $20.76, for a total value of $949,167.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director James E. Goodwin sold 10,000 shares of the firm’s stock in a transaction dated Friday, November 24th. The shares were sold at an average price of $20.67, for a total value of $206,700.00. Following the completion of the sale, the director now owns 122,929 shares of the company’s stock, valued at $2,540,942.43. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 110,172 shares of company stock valued at $2,338,207. Company insiders own 4.20% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the company. Quantbot Technologies LP acquired a new stake in shares of Federal Signal in the 3rd quarter valued at about $120,000. IFP Advisors Inc grew its stake in shares of Federal Signal by 12,320.0% in the 2nd quarter. IFP Advisors Inc now owns 6,831 shares of the conglomerate’s stock valued at $119,000 after buying an additional 6,776 shares during the period. Pinebridge Investments L.P. grew its stake in shares of Federal Signal by 1.1% in the 2nd quarter. Pinebridge Investments L.P. now owns 7,876 shares of the conglomerate’s stock valued at $137,000 after buying an additional 86 shares during the period. First Quadrant L P CA acquired a new stake in shares of Federal Signal in the 3rd quarter valued at about $187,000. Finally, SG Americas Securities LLC acquired a new stake in shares of Federal Signal in the 3rd quarter valued at about $212,000. Institutional investors own 84.10% of the company’s stock.
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About Federal Signal
Federal Signal Corporation designs, manufactures and supplies a suite of products and integrated solutions for municipal, governmental, industrial and commercial customers. The Company’s segments include the Environmental Solutions Group and the Safety and Security Systems Group. Its Environmental Solutions Group manufactures and supplies a range of street sweeper vehicles, sewer cleaner and vacuum loader trucks, hydro-excavation trucks and waterblasting equipment.
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