Federal Signal (NYSE:FSS) Posts Earnings Results, Beats Expectations By $0.11 EPS

Federal Signal (NYSE:FSS) issued its quarterly earnings data on Thursday. The conglomerate reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.11, Briefing.com reports. The firm had revenue of $490.40 million during the quarter, compared to analysts’ expectations of $487.74 million. Federal Signal had a return on equity of 17.36% and a net margin of 10.31%. The firm’s quarterly revenue was up 10.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.67 EPS. Federal Signal updated its FY24 guidance to $3.20-3.35 EPS and its FY 2024 guidance to 3.200-3.350 EPS.

Federal Signal Stock Up 3.1 %

Federal Signal stock traded up $2.95 during midday trading on Friday, reaching $99.33. The company’s stock had a trading volume of 482,709 shares, compared to its average volume of 341,721. The stock’s 50-day simple moving average is $87.58 and its 200-day simple moving average is $83.21. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.82 and a quick ratio of 1.29. Federal Signal has a 52-week low of $56.37 and a 52-week high of $100.90. The stock has a market capitalization of $6.07 billion, a P/E ratio of 33.56 and a beta of 0.95.

Federal Signal Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Friday, August 16th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date of this dividend is Friday, August 16th. Federal Signal’s dividend payout ratio (DPR) is presently 16.22%.

Analyst Ratings Changes

Separately, William Blair began coverage on Federal Signal in a research note on Friday, May 31st. They set an “outperform” rating for the company.

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.