Federal Signal (NYSE:FSS) Issues Quarterly Earnings Results, Beats Estimates By $0.04 EPS

Federal Signal (NYSE:FSS) released its earnings results on Thursday. The conglomerate reported $0.88 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.04, Zacks reports. Federal Signal had a return on equity of 18.46% and a net margin of 11.57%. The business had revenue of $474.20 million for the quarter, compared to analysts’ expectations of $481.71 million. During the same quarter in the prior year, the firm earned $0.71 earnings per share. The firm’s revenue was up 6.2% on a year-over-year basis. Federal Signal updated its FY24 guidance to $3.30-3.40 EPS and its FY 2024 guidance to 3.300-3.400 EPS.

Federal Signal Trading Up 0.3 %

NYSE:FSS traded up $0.27 during trading hours on Friday, reaching $81.84. The company’s stock had a trading volume of 570,823 shares, compared to its average volume of 315,839. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.35 and a current ratio of 2.83. The firm has a market capitalization of $5.00 billion, a price-to-earnings ratio of 23.72 and a beta of 0.95. The firm has a 50-day simple moving average of $89.36 and a 200-day simple moving average of $88.65. Federal Signal has a 1 year low of $60.09 and a 1 year high of $102.18.

Federal Signal Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.59%. The ex-dividend date of this dividend is Friday, November 15th. Federal Signal’s dividend payout ratio is currently 13.91%.

Insider Activity

In other Federal Signal news, Director Brenda Reichelderfer sold 25,685 shares of the business’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $92.99, for a total value of $2,388,448.15. Following the transaction, the director now owns 57,417 shares in the company, valued at approximately $5,339,206.83. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.10% of the stock is currently owned by corporate insiders.

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.