Brokerages Expect Federal Signal Co. (FSS) to Post $0.32 EPS

Wall Street analysts predict that Federal Signal Co. (NYSE:FSS) will post earnings of $0.32 per share for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Federal Signal’s earnings. The highest EPS estimate is $0.32 and the lowest is $0.31. Federal Signal reported earnings of $0.24 per share in the same quarter last year, which would indicate a positive year over year growth rate of 33.3%. The firm is scheduled to report its next quarterly earnings results on Wednesday, February 27th.

On average, analysts expect that Federal Signal will report full-year earnings of $1.36 per share for the current fiscal year, with EPS estimates ranging from $1.35 to $1.36. For the next financial year, analysts forecast that the company will post earnings of $1.52 per share, with EPS estimates ranging from $1.46 to $1.55. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that cover Federal Signal.

Federal Signal (NYSE:FSS) last released its earnings results on Tuesday, November 6th. The conglomerate reported $0.36 EPS for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.04. The company had revenue of $269.40 million for the quarter, compared to analysts’ expectations of $267.15 million. Federal Signal had a return on equity of 16.15% and a net margin of 8.69%. The business’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.24 EPS.

Several equities research analysts recently weighed in on the company. ValuEngine lowered Federal Signal from a “buy” rating to a “hold” rating in a report on Tuesday, October 23rd. Zacks Investment Research lowered Federal Signal from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 9th.

In related news, Director Dennis J. Martin sold 55,000 shares of Federal Signal stock in a transaction dated Monday, November 12th. The stock was sold at an average price of $23.14, for a total value of $1,272,700.00. Following the completion of the sale, the director now owns 290,728 shares of the company’s stock, valued at approximately $6,727,445.92. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 4.30% of the company’s stock.

Hedge funds have recently bought and sold shares of the business. Capital Fund Management S.A. grew its holdings in Federal Signal by 69.9% during the 2nd quarter. Capital Fund Management S.A. now owns 33,300 shares of the conglomerate’s stock valued at $776,000 after buying an additional 13,700 shares in the last quarter. Verition Fund Management LLC purchased a new position in shares of Federal Signal during the third quarter worth about $358,000. Prudential Financial Inc. grew its holdings in shares of Federal Signal by 14.1% during the third quarter. Prudential Financial Inc. now owns 257,314 shares of the conglomerate’s stock worth $6,891,000 after purchasing an additional 31,803 shares in the last quarter. Macquarie Group Ltd. grew its holdings in shares of Federal Signal by 25.8% during the third quarter. Macquarie Group Ltd. now owns 2,215,001 shares of the conglomerate’s stock worth $59,318,000 after purchasing an additional 454,690 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. grew its holdings in shares of Federal Signal by 1.2% during the second quarter. Schwab Charles Investment Management Inc. now owns 470,513 shares of the conglomerate’s stock worth $10,959,000 after purchasing an additional 5,736 shares in the last quarter. 88.30% of the stock is owned by institutional investors and hedge funds.

NYSE FSS opened at $22.00 on Friday. The firm has a market cap of $1.28 billion, a PE ratio of 25.88 and a beta of 1.48. Federal Signal has a one year low of $18.37 and a one year high of $28.32. The company has a current ratio of 2.03, a quick ratio of 1.04 and a debt-to-equity ratio of 0.43.

Federal Signal Company Profile

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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