Federal Signal Corporation (NYSE:FSS) shares reached a new 52-week high during trading on Thursday following a stronger than expected earnings report. The stock traded as high as $23.27 and last traded at $0.00, with a volume of shares changing hands. The conglomerate reported $0.24 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.03. Federal Signal Corporation had a net margin of 5.30% and a return on equity of 11.39%. The company had revenue of $249.00 million for the quarter, compared to analyst estimates of $240.30 million. During the same quarter in the prior year, the business posted $0.17 EPS. Federal Signal Corporation’s quarterly revenue was up 33.4% on a year-over-year basis.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 5th. Stockholders of record on Tuesday, November 14th will be paid a dividend of $0.07 per share. The ex-dividend date is Monday, November 13th. This represents a $0.28 annualized dividend and a dividend yield of 1.27%. Federal Signal Corporation’s dividend payout ratio (DPR) is 38.36%.
FSS has been the topic of several analyst reports. Zacks Investment Research upgraded shares of Federal Signal Corporation from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a research note on Thursday, September 7th. BidaskClub upgraded shares of Federal Signal Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, July 11th. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $21.50.
Several institutional investors and hedge funds have recently made changes to their positions in FSS. UBS Asset Management Americas Inc. increased its stake in shares of Federal Signal Corporation by 54.8% during the 1st quarter. UBS Asset Management Americas Inc. now owns 31,743 shares of the conglomerate’s stock worth $438,000 after purchasing an additional 11,243 shares during the last quarter. Karp Capital Management Corp acquired a new position in shares of Federal Signal Corporation during the 1st quarter worth $162,000. Parametric Portfolio Associates LLC increased its stake in shares of Federal Signal Corporation by 28.6% during the 1st quarter. Parametric Portfolio Associates LLC now owns 55,831 shares of the conglomerate’s stock worth $771,000 after purchasing an additional 12,411 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of Federal Signal Corporation by 6.0% during the 1st quarter. Principal Financial Group Inc. now owns 467,808 shares of the conglomerate’s stock worth $6,460,000 after purchasing an additional 26,432 shares during the last quarter. Finally, Wellington Management Group LLP grew its stake in Federal Signal Corporation by 1.1% in the 1st quarter. Wellington Management Group LLP now owns 254,184 shares of the conglomerate’s stock valued at $3,511,000 after buying an additional 2,720 shares during the last quarter. Institutional investors own 83.55% of the company’s stock.
The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.23 and a current ratio of 2.37. The company has a market capitalization of $1.38 billion, a P/E ratio of 29.95 and a beta of 1.32.
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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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