Federal Signal Corporation (FSS) Announces Earnings Results

Federal Signal Corporation (NYSE:FSS) released its quarterly earnings results on Tuesday, August 8th. The conglomerate reported $0.23 EPS for the quarter, topping the consensus estimate of $0.20 by $0.03, Bloomberg Earnings reports. Federal Signal Corporation had a return on equity of 10.59% and a net margin of 5.20%. The business had revenue of $224.40 million during the quarter, compared to analyst estimates of $206.53 million. During the same period last year, the business posted $0.17 earnings per share. The company’s quarterly revenue was up 30.2% on a year-over-year basis.

Shares of Federal Signal Corporation (FSS) traded down 0.27% during mid-day trading on Friday, reaching $18.36. The company’s stock had a trading volume of 373,504 shares. The firm has a market capitalization of $1.10 billion, a PE ratio of 28.03 and a beta of 1.37. Federal Signal Corporation has a 52 week low of $11.68 and a 52 week high of $20.13. The firm has a 50-day moving average of $18.17 and a 200-day moving average of $16.01.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 6th. Shareholders of record on Tuesday, August 15th will be issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date is Friday, August 11th. Federal Signal Corporation’s dividend payout ratio (DPR) is 42.42%.

Several research analysts have recently commented on the company. Zacks Investment Research upgraded Federal Signal Corporation from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a research report on Thursday, August 10th. BidaskClub upgraded Federal Signal Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, July 11th. Finally, KeyCorp upgraded Federal Signal Corporation from a “sector weight” rating to an “overweight” rating and set a $20.00 price target for the company in a research report on Tuesday, May 9th. Four investment analysts have rated the stock with a buy rating, Federal Signal Corporation presently has a consensus rating of “Buy” and a consensus target price of $20.50.

In other news, Director Paul W. Jones sold 50,000 shares of the stock in a transaction dated Wednesday, May 24th. The shares were sold at an average price of $15.96, for a total transaction of $798,000.00. Following the transaction, the director now owns 72,901 shares of the company’s stock, valued at $1,163,499.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Samuel Miceli sold 2,000 shares of the stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $16.05, for a total transaction of $32,100.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 52,900 shares of company stock valued at $844,662. 4.20% of the stock is currently owned by corporate insiders.

Several institutional investors have recently modified their holdings of the company. BW Gestao de Investimentos Ltda. boosted its position in shares of Federal Signal Corporation by 17.9% in the second quarter. BW Gestao de Investimentos Ltda. now owns 15,715 shares of the conglomerate’s stock valued at $273,000 after buying an additional 2,385 shares during the last quarter. Piedmont Investment Advisors LLC acquired a new position in shares of Federal Signal Corporation during the second quarter worth about $224,000. Susquehanna International Group LLP acquired a new position in shares of Federal Signal Corporation during the second quarter worth about $668,000. Scotia Capital Inc. boosted its position in shares of Federal Signal Corporation by 14.7% in the second quarter. Scotia Capital Inc. now owns 70,140 shares of the conglomerate’s stock worth $1,217,000 after buying an additional 8,997 shares in the last quarter. Finally, Mitra Capital LLC acquired a new position in shares of Federal Signal Corporation during the second quarter worth about $1,825,000. 81.44% of the stock is currently owned by institutional investors and hedge funds.

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Federal Signal Corporation Company Profile

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.

Earnings History for Federal Signal Corporation (NYSE:FSS)

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