Federal Signal (NYSE:FSS – Get Free Report) will post its quarterly earnings results before the market opens on Thursday, November 2nd. Analysts expect Federal Signal to post earnings of $0.65 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.
Federal Signal (NYSE:FSS – Get Free Report) last released its earnings results on Thursday, July 27th. The conglomerate reported $0.67 EPS for the quarter, topping the consensus estimate of $0.63 by $0.04. The business had revenue of $442.40 million during the quarter, compared to analysts’ expectations of $430.13 million. Federal Signal had a return on equity of 15.62% and a net margin of 8.56%. On average, analysts expect Federal Signal to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Federal Signal Stock Up 1.0 %
Shares of NYSE:FSS opened at $58.34 on Thursday. The business’s 50 day simple moving average is $59.35 and its two-hundred day simple moving average is $58.41. The firm has a market cap of $3.56 billion, a P/E ratio of 26.52 and a beta of 1.09. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.34 and a current ratio of 3.05. Federal Signal has a 52-week low of $43.44 and a 52-week high of $65.33.
Federal Signal Dividend Announcement
Insider Activity
In related news, Director Dennis J. Martin sold 17,745 shares of the stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $61.26, for a total transaction of $1,087,058.70. Following the completion of the sale, the director now directly owns 555,741 shares of the company’s stock, valued at $34,044,693.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 3.10% of the company’s stock.
Institutional Trading of Federal Signal
Institutional investors and hedge funds have recently modified their holdings of the business. Point72 Hong Kong Ltd purchased a new stake in shares of Federal Signal during the first quarter valued at approximately $51,000. Lazard Asset Management LLC purchased a new stake in shares of Federal Signal during the first quarter valued at approximately $52,000. Point72 Middle East FZE purchased a new stake in shares of Federal Signal during the fourth quarter valued at approximately $95,000. PNC Financial Services Group Inc. increased its position in shares of Federal Signal by 9.8% during the first quarter. PNC Financial Services Group Inc. now owns 4,216 shares of the conglomerate’s stock valued at $142,000 after acquiring an additional 376 shares during the last quarter. Finally, Cetera Advisor Networks LLC purchased a new stake in shares of Federal Signal during the second quarter valued at approximately $205,000. 91.87% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several research analysts have issued reports on FSS shares. DA Davidson lowered Federal Signal from a “buy” rating to a “neutral” rating and cut their price target for the stock from $68.00 to $66.00 in a report on Monday, July 31st. StockNews.com upgraded Federal Signal from a “hold” rating to a “buy” rating in a report on Monday, October 16th. Finally, Raymond James raised their target price on Federal Signal from $68.00 to $75.00 and gave the company a “strong-buy” rating in a report on Thursday, July 20th.
Get Our Latest Analysis on FSS
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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