Federal Signal Co. Announces Quarterly Dividend of $0.14 (NYSE:FSS)

Federal Signal Co. (NYSE:FSS - Get Free Report) declared a quarterly dividend on Tuesday, April 22nd, RTT News reports. Investors of record on Friday, May 16th will be paid a dividend of 0.14 per share by the conglomerate on Friday, May 30th. This represents a $0.56 annualized dividend and a yield of 0.74%. The ex-dividend date of this dividend is Friday, May 16th.

Federal Signal has raised its dividend by an average of 10.1% annually over the last three years. Federal Signal has a dividend payout ratio of 13.2% meaning its dividend is sufficiently covered by earnings. Analysts expect Federal Signal to earn $3.76 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 14.9%.

Federal Signal Stock Down 2.0 %

Federal Signal stock traded down $1.51 during mid-day trading on Friday, reaching $75.21. 527,781 shares of the company were exchanged, compared to its average volume of 422,887. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.36 and a current ratio of 2.83. The firm has a market cap of $4.60 billion, a P/E ratio of 21.80, a PEG ratio of 1.85 and a beta of 1.11. The business has a fifty day moving average of $78.35 and a 200 day moving average of $88.42. Federal Signal has a 12-month low of $66.47 and a 12-month high of $102.18.

Federal Signal (NYSE:FSS - Get Free Report) last released its quarterly earnings results on Wednesday, February 26th. The conglomerate reported $0.87 EPS for the quarter, hitting the consensus estimate of $0.87. Federal Signal had a return on equity of 18.46% and a net margin of 11.57%. The firm had revenue of $472.00 million during the quarter, compared to analyst estimates of $481.90 million. Research analysts anticipate that Federal Signal will post 3.34 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Raymond James cut their price target on shares of Federal Signal from $105.00 to $100.00 and set an "outperform" rating on the stock in a report on Monday, April 14th. StockNews.com downgraded Federal Signal from a "buy" rating to a "hold" rating in a research note on Saturday, March 1st.

Federal Signal declared that its board has approved a stock repurchase program on Tuesday, April 22nd that permits the company to buyback $150.00 million in shares. This buyback authorization permits the conglomerate to reacquire up to 3.3% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's leadership believes its stock is undervalued.

Insider Buying and Selling

In other news, CEO Jennifer L. Sherman purchased 1,250 shares of the stock in a transaction on Friday, February 28th. The stock was bought at an average price of $82.32 per share, with a total value of $102,900.00. Following the transaction, the chief executive officer now owns 559,183 shares in the company, valued at $46,031,944.56. The trade was a 0.22 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.30% of the stock is owned by company insiders.

Federal Signal Company Profile

Federal Signal Corp. engages in the design and manufacture of products and integrated solutions for municipal, governmental, industrial, and commercial customers. It operates through the Environmental Solutions Group and Safety and Security Systems Group segments. The Environment Solutions Group segment is involved in the manufacture and supply of street sweeper vehicles, sewer cleaners, vacuum loader trucks, hydro-excavation trucks, and water blasting equipment.