Federal Signal Corporation (NYSE:FSS - Get Free Report) declared a quarterly dividend on Tuesday, July 22nd, RTT News reports. Stockholders of record on Friday, August 15th will be paid a dividend of 0.14 per share by the conglomerate on Thursday, August 28th. This represents a $0.56 annualized dividend and a dividend yield of 0.52%. The ex-dividend date is Friday, August 15th.
Federal Signal has a payout ratio of 13.0% indicating that 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 Up 0.4%
Shares of Federal Signal stock traded up $0.48 during trading on Friday, reaching $107.96. 198,275 shares of the company traded hands, compared to its average volume of 551,812. The firm has a market capitalization of $6.58 billion, a PE ratio of 31.56, a P/E/G ratio of 2.02 and a beta of 1.27. The company has a 50 day moving average price of $102.59 and a 200-day moving average price of $91.56. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.39 and a quick ratio of 1.09. Federal Signal has a 1-year low of $66.47 and a 1-year high of $114.40.
Federal Signal (NYSE:FSS - Get Free Report) last announced its earnings results on Wednesday, April 30th. The conglomerate reported $0.76 EPS for the quarter, beating the consensus estimate of $0.73 by $0.03. The company had revenue of $463.80 million during the quarter, compared to the consensus estimate of $462.63 million. Federal Signal had a net margin of 11.10% and a return on equity of 18.44%. The firm's revenue for the quarter was up 9.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.64 earnings per share. As a group, equities research analysts expect that Federal Signal will post 3.34 earnings per share for the current fiscal year.
Federal Signal declared that its board has approved a stock buyback program on Tuesday, April 22nd that allows the company to buyback $150.00 million in shares. This buyback authorization allows the conglomerate to purchase up to 3.3% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's leadership believes its shares are undervalued.
Analysts Set New Price Targets
FSS has been the topic of a number of analyst reports. Raymond James Financial set a $120.00 target price on shares of Federal Signal and gave the stock an "outperform" rating in a research report on Monday, June 30th. DA Davidson lifted their target price on shares of Federal Signal from $96.00 to $100.00 and gave the company a "neutral" rating in a research note on Tuesday. Finally, KeyCorp restated a "sector weight" rating on shares of Federal Signal in a report on Friday, July 11th.
View Our Latest Stock Analysis on Federal Signal
Institutional Investors Weigh In On Federal Signal
A number of hedge funds have recently bought and sold shares of the business. Empowered Funds LLC bought a new position in shares of Federal Signal in the first quarter worth about $1,119,000. AQR Capital Management LLC grew its holdings in Federal Signal by 10.9% in the first quarter. AQR Capital Management LLC now owns 35,702 shares of the conglomerate's stock worth $2,626,000 after purchasing an additional 3,520 shares during the last quarter. Royal Bank of Canada lifted its holdings in shares of Federal Signal by 3.5% during the 1st quarter. Royal Bank of Canada now owns 93,618 shares of the conglomerate's stock valued at $6,886,000 after purchasing an additional 3,153 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Federal Signal by 4.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,822 shares of the conglomerate's stock valued at $2,635,000 after purchasing an additional 1,594 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its holdings in shares of Federal Signal by 15.9% during the first quarter. NewEdge Advisors LLC now owns 1,838 shares of the conglomerate's stock worth $135,000 after purchasing an additional 252 shares during the period. Hedge funds and other institutional investors own 92.73% of the company's stock.
Federal Signal Company Profile
(
Get Free Report)
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.
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