Federal Signal Co. (NYSE:FSS) to Post Q3 2024 Earnings of $0.80 Per Share, Seaport Res Ptn Forecasts

Federal Signal Co. (NYSE:FSS - Free Report) - Stock analysts at Seaport Res Ptn lifted their Q3 2024 earnings estimates for Federal Signal in a note issued to investors on Wednesday, May 1st. Seaport Res Ptn analyst W. Liptak now expects that the conglomerate will post earnings of $0.80 per share for the quarter, up from their prior forecast of $0.78. The consensus estimate for Federal Signal's current full-year earnings is $2.99 per share. Seaport Res Ptn also issued estimates for Federal Signal's FY2024 earnings at $3.12 EPS, Q1 2025 earnings at $0.71 EPS, Q2 2025 earnings at $0.87 EPS, Q3 2025 earnings at $0.87 EPS, Q4 2025 earnings at $0.91 EPS and FY2025 earnings at $3.37 EPS.

Federal Signal Stock Performance

FSS traded up $1.97 during trading hours on Thursday, hitting $82.31. The stock had a trading volume of 547,057 shares, compared to its average volume of 355,358. The company's fifty day simple moving average is $82.29 and its 200 day simple moving average is $75.29. Federal Signal has a 1 year low of $50.71 and a 1 year high of $88.47. The stock has a market cap of $5.02 billion, a PE ratio of 27.81 and a beta of 1.02. The company has a quick ratio of 1.36, a current ratio of 2.82 and a debt-to-equity ratio of 0.26.

Federal Signal (NYSE:FSS - Get Free Report) last posted its quarterly earnings data on Tuesday, April 30th. The conglomerate reported $0.64 EPS for the quarter, beating the consensus estimate of $0.55 by $0.09. The business had revenue of $424.90 million for the quarter, compared to the consensus estimate of $425.58 million. Federal Signal had a return on equity of 17.36% and a net margin of 10.31%. Federal Signal's revenue for the quarter was up 10.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.46 earnings per share.

Institutional Investors Weigh In On Federal Signal

A number of hedge funds and other institutional investors have recently bought and sold shares of FSS. Fidelis Capital Partners LLC purchased a new stake in shares of Federal Signal in the first quarter worth about $147,000. BNP Paribas Financial Markets lifted its stake in Federal Signal by 74.6% in the 1st quarter. BNP Paribas Financial Markets now owns 85,516 shares of the conglomerate's stock worth $7,258,000 after purchasing an additional 36,534 shares in the last quarter. Van ECK Associates Corp lifted its stake in Federal Signal by 36.5% in the 1st quarter. Van ECK Associates Corp now owns 21,697 shares of the conglomerate's stock worth $1,841,000 after purchasing an additional 5,803 shares in the last quarter. Simplicity Wealth LLC bought a new position in Federal Signal in the 1st quarter valued at $388,000. Finally, Assenagon Asset Management S.A. grew its position in shares of Federal Signal by 946.5% during the 1st quarter. Assenagon Asset Management S.A. now owns 322,088 shares of the conglomerate's stock valued at $27,336,000 after purchasing an additional 291,309 shares in the last quarter. Institutional investors own 92.73% of the company's stock.

Federal Signal Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 17th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $0.48 annualized dividend and a dividend yield of 0.58%. Federal Signal's payout ratio is 16.22%.

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.