Federal Signal (NYSE:FSS - Get Free Report) announced its earnings results on Tuesday. The conglomerate reported $0.64 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.55 by $0.09, Briefing.com reports. Federal Signal had a net margin of 9.14% and a return on equity of 16.88%. The business had revenue of $424.90 million for the quarter, compared to analyst estimates of $425.58 million. During the same quarter in the previous year, the firm posted $0.46 earnings per share. Federal Signal's revenue was up 10.2% compared to the same quarter last year. Federal Signal updated its FY24 guidance to $2.95-3.15 EPS and its FY 2024 guidance to 2.950-3.150 EPS.
Federal Signal Stock Performance
FSS traded down $1.02 during trading on Wednesday, reaching $80.28. 506,730 shares of the company's stock were exchanged, compared to its average volume of 352,587. Federal Signal has a fifty-two week low of $50.71 and a fifty-two week high of $88.47. The company has a quick ratio of 1.36, a current ratio of 2.91 and a debt-to-equity ratio of 0.29. The business has a 50 day moving average price of $82.28 and a 200 day moving average price of $75.24. The company has a market capitalization of $4.90 billion, a P/E ratio of 31.24 and a beta of 1.03.
Federal Signal Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 17th will be paid a dividend of $0.12 per share. The ex-dividend date is Thursday, May 16th. This represents a $0.48 dividend on an annualized basis and a yield of 0.60%. Federal Signal's dividend payout ratio is currently 18.68%.
About Federal Signal
(
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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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