Federal Signal (NYSE:FSS) Hits New 12-Month High Following Earnings Beat

Shares of Federal Signal Co. (NYSE:FSS) hit a new 52-week high on Thursday following a stronger than expected earnings report. The stock traded as high as $99.98 and last traded at $99.08, with a volume of 374159 shares. The stock had previously closed at $94.53.

The conglomerate reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.11. Federal Signal had a return on equity of 18.31% and a net margin of 11.16%. The company had revenue of $490.40 million for the quarter, compared to the consensus estimate of $487.74 million. During the same quarter last year, the business posted $0.67 EPS. Federal Signal’s revenue for the quarter was up 10.8% on a year-over-year basis.

Federal Signal Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Friday, August 16th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.48%. The ex-dividend date is Friday, August 16th. Federal Signal’s payout ratio is presently 16.22%.

Analyst Upgrades and Downgrades

Separately, William Blair started coverage on Federal Signal in a report on Friday, May 31st. They set an “outperform” rating on the stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. GAMMA Investing LLC bought a new position in shares of Federal Signal in the 4th quarter worth about $38,000. Parallel Advisors LLC raised its position in shares of Federal Signal by 28.1% in the 4th quarter. Parallel Advisors LLC now owns 638 shares of the conglomerate’s stock worth $49,000 after acquiring an additional 140 shares in the last quarter. Fifth Third Bancorp raised its position in shares of Federal Signal by 36.0% in the 4th quarter. Fifth Third Bancorp now owns 793 shares of the conglomerate’s stock worth $61,000 after acquiring an additional 210 shares in the last quarter. Covestor Ltd raised its position in shares of Federal Signal by 223.6% in the 1st quarter. Covestor Ltd now owns 893 shares of the conglomerate’s stock worth $76,000 after acquiring an additional 617 shares in the last quarter. Finally, Mather Group LLC. bought a new position in shares of Federal Signal in the 1st quarter worth about $85,000. 92.73% of the stock is owned by institutional investors and hedge funds.

Federal Signal Stock Performance

The company has a 50-day moving average price of $87.58 and a two-hundred day moving average price of $83.21. The company has a current ratio of 2.89, a quick ratio of 1.29 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $6.07 billion, a P/E ratio of 33.56 and a beta of 0.95.

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.