Q3 2024 EPS Estimates for Federal Signal Co. (NYSE:FSS) Lowered by Analyst

Federal Signal Co. (NYSE:FSS) – Stock analysts at Seaport Res Ptn lowered their Q3 2024 earnings estimates for shares of Federal Signal in a report issued on Tuesday, July 30th. Seaport Res Ptn analyst W. Liptak now anticipates that the conglomerate will post earnings of $0.79 per share for the quarter, down from their previous forecast of $0.80. The consensus estimate for Federal Signal’s current full-year earnings is $3.24 per share. Seaport Res Ptn also issued estimates for Federal Signal’s Q2 2025 earnings at $1.11 EPS and Q4 2025 earnings at $0.93 EPS.

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

Federal Signal Stock Performance

Shares of FSS stock opened at $93.54 on Thursday. The firm has a market capitalization of $5.72 billion, a PE ratio of 31.60 and a beta of 0.95. The firm has a fifty day simple moving average of $88.64 and a two-hundred day simple moving average of $84.03. The company has a current ratio of 2.89, a quick ratio of 1.35 and a debt-to-equity ratio of 0.23. Federal Signal has a 12 month low of $56.37 and a 12 month high of $102.18.

Federal Signal (NYSE:FSS) last announced its quarterly earnings results on Thursday, July 25th. The conglomerate reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.11. The business had revenue of $490.40 million during the quarter, compared to analyst estimates of $487.74 million. Federal Signal had a net margin of 11.16% and a return on equity of 18.31%. Federal Signal’s quarterly revenue was up 10.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.67 EPS.

Hedge Funds Weigh In On Federal Signal

Hedge funds have recently bought and sold shares of the company. Conestoga Capital Advisors LLC boosted its holdings in Federal Signal by 2.4% during the 4th quarter. Conestoga Capital Advisors LLC now owns 1,350,214 shares of the conglomerate’s stock worth $103,615,000 after acquiring an additional 31,807 shares during the last quarter. Yousif Capital Management LLC boosted its holdings in shares of Federal Signal by 2.3% in the 4th quarter. Yousif Capital Management LLC now owns 30,951 shares of the conglomerate’s stock worth $2,375,000 after buying an additional 688 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in shares of Federal Signal by 150.0% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 30,000 shares of the conglomerate’s stock worth $2,546,000 after buying an additional 18,000 shares during the last quarter. UniSuper Management Pty Ltd purchased a new position in shares of Federal Signal in the 1st quarter worth about $919,000. Finally, Susquehanna Fundamental Investments LLC purchased a new position in shares of Federal Signal in the 1st quarter worth about $917,000. 92.73% of the stock is owned by hedge funds and other institutional investors.

Federal Signal Announces Dividend

The company also recently disclosed 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 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date of this dividend is Friday, August 16th. Federal Signal’s dividend payout ratio is 16.22%.

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.