Federal Signal (NYSE:FSS – Get Free Report) issued an update on its FY24 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $3.20-3.35 for the period, compared to the consensus estimate of $3.08. The company issued revenue guidance of $1.85-1.90 billion, compared to the consensus revenue estimate of $1.87 billion. Federal Signal also updated its FY 2024 guidance to 3.200-3.350 EPS.
Analysts Set New Price Targets
Separately, William Blair initiated coverage on Federal Signal in a report on Friday, May 31st. They issued an outperform rating on the stock.
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Federal Signal Price Performance
Federal Signal (NYSE:FSS – Get Free Report) last released its quarterly earnings results on Thursday, July 25th. The conglomerate reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.11. Federal Signal had a net margin of 10.31% and a return on equity of 17.36%. The company had revenue of $490.40 million for the quarter, compared to the consensus estimate of $487.74 million. During the same quarter in the prior year, the firm earned $0.67 earnings per share. Federal Signal’s revenue was up 10.8% on a year-over-year basis. On average, equities research analysts anticipate that Federal Signal will post 3.08 earnings per share for the current year.
Federal Signal Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Friday, August 16th will be paid a dividend of $0.12 per share. The ex-dividend date is Friday, August 16th. This represents a $0.48 annualized dividend and a yield of 0.48%. Federal Signal’s payout ratio is currently 16.22%.
About Federal Signal
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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