Federal Signal Co. (NYSE:FSS) Expected to Post Quarterly Sales of $304.27 Million
Analysts expect Federal Signal Co. (NYSE:FSS) to post $304.27 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Federal Signal’s earnings. The highest sales estimate is $310.90 million and the lowest is $299.00 million. Federal Signal posted sales of $269.40 million during the same quarter last year, which suggests a positive year over year growth rate of 12.9%. The company is expected to issue its next quarterly earnings results on Tuesday, November 5th.
According to Zacks, analysts expect that Federal Signal will report full-year sales of $1.21 billion for the current year, with estimates ranging from $1.20 billion to $1.22 billion. For the next fiscal year, analysts expect that the firm will report sales of $1.29 billion, with estimates ranging from $1.29 billion to $1.30 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Federal Signal.
Federal Signal (NYSE:FSS) last posted its quarterly earnings results on Wednesday, July 31st. The conglomerate reported $0.55 EPS for the quarter, beating the consensus estimate of $0.46 by $0.09. Federal Signal had a return on equity of 17.99% and a net margin of 9.11%. The firm had revenue of $324.30 million during the quarter, compared to analysts’ expectations of $305.40 million. During the same quarter last year, the firm earned $0.45 earnings per share. The business’s revenue for the quarter was up 11.4% on a year-over-year basis.
In related news, Director Richard R. Mudge sold 10,000 shares of the stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $29.50, for a total value of $295,000.00. Following the completion of the transaction, the director now directly owns 87,678 shares in the company, valued at $2,586,501. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Dennis J. Martin sold 47,734 shares of the stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $30.37, for a total value of $1,449,681.58. Following the completion of the transaction, the director now owns 206,518 shares of the company’s stock, valued at $6,271,951.66. The disclosure for this sale can be found here. Corporate insiders own 4.00% of the company’s stock.
Institutional investors have recently modified their holdings of the stock. Point72 Asset Management L.P. acquired a new stake in Federal Signal in the second quarter valued at $40,000. Parallel Advisors LLC acquired a new stake in Federal Signal in the first quarter valued at $42,000. Advisors Asset Management Inc. acquired a new stake in Federal Signal in the first quarter valued at $56,000. First Interstate Bank acquired a new stake in Federal Signal in the first quarter valued at $74,000. Finally, Quantamental Technologies LLC acquired a new stake in Federal Signal in the first quarter valued at $111,000. Institutional investors own 89.49% of the company’s stock.
Shares of NYSE:FSS traded down $1.02 during midday trading on Wednesday, hitting $29.79. The company had a trading volume of 209,505 shares, compared to its average volume of 288,165. Federal Signal has a twelve month low of $18.59 and a twelve month high of $32.80. The company has a current ratio of 2.21, a quick ratio of 1.17 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $1.82 billion, a PE ratio of 20.83 and a beta of 1.59. The firm’s 50-day moving average is $28.10.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 28th. Investors of record on Wednesday, August 14th will be given a $0.08 dividend. The ex-dividend date is Tuesday, August 13th. This represents a $0.32 annualized dividend and a yield of 1.07%. Federal Signal’s payout ratio is 22.38%.
About Federal Signal
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.
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