Federal Signal Corporation (FSS) Expected to Post Quarterly Sales of $239.37 Million

Wall Street brokerages expect Federal Signal Corporation (NYSE:FSS) to announce $239.37 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Federal Signal Corporation’s earnings. The highest sales estimate is $250.90 million and the lowest is $218.50 million. Federal Signal Corporation reported sales of $186.70 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 28.2%. The company is expected to issue its next quarterly earnings results before the market opens on Thursday, November 2nd.

According to Zacks, analysts expect that Federal Signal Corporation will report full year sales of $239.37 million for the current fiscal year, with estimates ranging from $863.50 million to $887.60 million. For the next fiscal year, analysts expect that the business will post sales of $1.01 billion per share, with estimates ranging from $985.50 million to $1.02 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that follow Federal Signal Corporation.

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

Separately, Zacks Investment Research lowered Federal Signal Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, October 10th. One research analyst has rated the stock with a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $21.50.

Hedge funds have recently modified their holdings of the stock. IFP Advisors Inc raised its stake in shares of Federal Signal Corporation 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 acquiring an additional 6,776 shares in the last quarter. Pinebridge Investments L.P. raised its stake in shares of Federal Signal Corporation 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 acquiring an additional 86 shares in the last quarter. First Quadrant L P CA bought a new position in shares of Federal Signal Corporation in the 3rd quarter valued at approximately $187,000. Crossmark Global Holdings Inc. bought a new position in shares of Federal Signal Corporation in the 3rd quarter valued at approximately $241,000. Finally, Karp Capital Management Corp bought a new position in shares of Federal Signal Corporation in the 1st quarter valued at approximately $162,000. 83.70% of the stock is currently owned by institutional investors and hedge funds.

Shares of Federal Signal Corporation (NYSE:FSS) opened at 21.39 on Friday. The company’s 50-day moving average is $20.85 and its 200-day moving average is $17.98. The firm has a market cap of $1.28 billion, a P/E ratio of 32.66 and a beta of 1.38. Federal Signal Corporation has a 52-week low of $11.68 and a 52-week high of $21.94.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 5th. Investors of record on Tuesday, November 14th will be paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date of this dividend is Monday, November 13th. Federal Signal Corporation’s payout ratio is 42.42%.

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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.

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Earnings History and Estimates for Federal Signal Corporation (NYSE:FSS)

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