Federal Signal (NYSE:FSS) Releases FY 2024 Earnings Guidance

Federal Signal (NYSE:FSS) issued an update on its FY 2024 earnings guidance on Tuesday morning. The company provided EPS guidance of 2.950-3.150 for the period, compared to the consensus EPS estimate of 3.000. The company issued revenue guidance of $1.9 billion-$1.9 billion, compared to the consensus revenue estimate of $1.9 billion. Federal Signal also updated its FY24 guidance to $2.95-3.15 EPS.

Federal Signal Stock Down 4.9 %

Shares of NYSE:FSS traded down $4.20 during midday trading on Tuesday, hitting $80.98. 436,258 shares of the stock were exchanged, compared to its average volume of 347,336. The business’s fifty day simple moving average is $82.24 and its two-hundred day simple moving average is $75.06. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.36 and a current ratio of 2.91. Federal Signal has a 52-week low of $50.71 and a 52-week high of $88.47. The company has a market capitalization of $4.94 billion, a PE ratio of 32.29 and a beta of 1.03.

Federal Signal (NYSE:FSS) last released its quarterly earnings data on Tuesday, February 27th. The conglomerate reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.07. The firm had revenue of $448.40 million for the quarter, compared to the consensus estimate of $422.45 million. Federal Signal had a return on equity of 16.88% and a net margin of 9.14%. The firm’s revenue was up 14.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.57 earnings per share. As a group, research analysts predict that Federal Signal will post 2.99 earnings per share for the current fiscal year.

Federal Signal Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 17th will be given a $0.12 dividend. The ex-dividend date is Thursday, May 16th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.59%. Federal Signal’s dividend payout ratio is currently 18.68%.

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.