Seaport Res Ptn Equities Analysts Increase Earnings Estimates for Federal Signal Co. (NYSE:FSS)

Federal Signal Co. (NYSE:FSS - Free Report) - Equities researchers at Seaport Res Ptn boosted their Q2 2024 earnings per share estimates for shares of Federal Signal in a research note issued to investors on Wednesday, May 1st. Seaport Res Ptn analyst W. Liptak now expects that the conglomerate will post earnings of $0.82 per share for the quarter, up from their previous estimate of $0.76. The consensus estimate for Federal Signal's current full-year earnings is $3.04 per share. Seaport Res Ptn also issued estimates for Federal Signal's Q4 2024 earnings at $0.85 EPS.

Federal Signal Stock Down 0.4 %

Shares of FSS stock traded down $0.35 during trading hours on Friday, hitting $81.96. 258,045 shares of the company's stock traded hands, compared to its average volume of 354,239. The stock's fifty day simple moving average is $82.28 and its two-hundred day simple moving average is $75.44. Federal Signal has a 12-month low of $50.71 and a 12-month high of $88.47. The stock has a market cap of $5.01 billion, a price-to-earnings ratio of 27.69 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 released its earnings results on Tuesday, April 30th. The conglomerate reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.09. Federal Signal had a net margin of 10.31% and a return on equity of 17.36%. The firm had revenue of $424.90 million during the quarter, compared to analyst estimates of $425.58 million. During the same period last year, the business earned $0.46 earnings per share. The business's revenue was up 10.2% on a year-over-year basis.

Hedge Funds Weigh In On Federal Signal

Large investors have recently made changes to their positions in the business. GSA Capital Partners LLP purchased a new position in Federal Signal in the 1st quarter worth approximately $677,000. Central Pacific Bank Trust Division purchased a new position in Federal Signal in the 1st quarter worth approximately $129,000. Fidelis Capital Partners LLC purchased a new position in Federal Signal in the 1st quarter worth approximately $147,000. BNP Paribas Financial Markets raised its stake in Federal Signal by 74.6% during the 1st quarter. BNP Paribas Financial Markets now owns 85,516 shares of the conglomerate's stock valued at $7,258,000 after buying an additional 36,534 shares during the last quarter. Finally, Van ECK Associates Corp raised its stake in Federal Signal by 36.5% during the 1st quarter. Van ECK Associates Corp now owns 21,697 shares of the conglomerate's stock valued at $1,841,000 after buying an additional 5,803 shares during the last quarter. 92.73% of the stock is currently owned by hedge funds and other institutional investors.

Federal Signal Dividend Announcement

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 issued a dividend of $0.12 per share. The ex-dividend date is Thursday, May 16th. This represents a $0.48 annualized dividend and a dividend yield of 0.59%. 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.