Equity research analysts expect Federal Signal Co. (NYSE:FSS – Get Rating) to report earnings of $0.47 per share for the current fiscal quarter, Zacks reports. Four analysts provided earnings estimates for Federal Signal. The highest EPS estimate is $0.50 and the lowest is $0.45. Federal Signal posted earnings of $0.50 per share in the same quarter last year, indicating a negative 6% year-over-year growth rate. The company is due to release its next quarterly results on Monday, January 1.

On average, analysts expect Federal Signal to report annual earnings of $1.93 per share for the current fiscal year, with EPS estimates ranging from $1.90 to $1.97. For next year, analysts expect the company to post earnings of $2.34 per share, with EPS estimates ranging from $2.16 to $2.48. Zacks’ earnings per share calculations are an average average based on a survey of sell-side research analysts who cover Federal Signal.

Federal Signal (NYSE:FSS – Get Rating) last released quarterly earnings data on Monday, May 2. The conglomerate reported earnings per share of $0.34 for the quarter, beating the consensus estimate of $0.27 by $0.07. Federal Signal had a net margin of 7.82% and a return on equity of 13.74%. The company posted revenue of $330.20 million for the quarter, versus a consensus estimate of $307.88 million.

A number of analysts have commented on the FSS shares. Zacks Investment Research upgraded Federal Signal shares from a “sell” rating to a “hold” rating in a Wednesday, May 4, research report. Raymond James lowered his price target on Federal Signal shares from $46.00 to $45.00 and set a “Strong Buy” rating on the stock in a Tuesday, April 26 research report. KeyCorp lowered its price target on Federal Signal shares from $48.00 to $44.00 and set an “overweight” rating on the stock in a Friday, March 18 research report. Finally, StockNews.com assumed coverage of Federal Signal stocks in a Thursday, March 31 report. They issued a “hold” rating on the stock. Three investment analysts gave the stock a hold rating, three gave the company a buy rating and one gave the company’s stock a strong buy rating. Based on MarketBeat data, Federal Signal currently has an average rating of “Buy” and an average target price of $46.20.

FSS stock opened at $36.21 on Friday. Federal Signal has a 52-week low of $31.86 and a 52-week high of $48.88. The company has a market capitalization of $2.19 billion, a price-earnings ratio of 22.63 and a beta of 0.98. The company’s 50-day moving average is $33.97 and its two-hundred-day moving average is $37.65. The company has a current ratio of 2.56, a quick ratio of 1.18 and a debt ratio of 0.42.

The company also recently announced a quarterly dividend, which was paid on Friday, June 3. Investors of record on Friday, May 20 received a dividend of $0.09. The ex-dividend date was Thursday, May 19. This represents a dividend of $0.36 on an annualized basis and a dividend yield of 0.99%. Federal Signal’s payout ratio is currently 22.50%.

Several institutional investors have recently increased or reduced their stake in the company. BlackRock Inc. increased its position in Federal Signal shares by 0.4% in the first quarter. BlackRock Inc. now owns 9,248,821 shares of the conglomerate worth $312,147,000 after acquiring 40,965 additional shares last quarter. Vanguard Group Inc. increased its position in Federal Signal shares by 2.0% in the first quarter. Vanguard Group Inc. now owns 4,052,169 shares of the conglomerate worth $136,761,000 after acquiring 81,323 additional shares last quarter. Dimensional Fund Advisors LP increased its position in Federal Signal shares by 1.0% in the first quarter. Dimensional Fund Advisors LP now owns 2,784,527 shares of the conglomerate worth $93,979,000 after acquiring an additional 27,052 shares in the last quarter. State Street Corp increased its position in Federal Signal shares by 3.8% in the first quarter. State Street Corp now owns 2,102,787 shares of the conglomerate worth $71,155,000 after acquiring an additional 77,410 shares last quarter. Finally, Invesco Ltd. increased its position in Federal Signal shares by 5.2% in the fourth quarter. Invesco Ltd. now owns 1,830,374 shares of the conglomerate worth $79,329,000 after acquiring an additional 89,942 shares last quarter. 91.53% of the shares are currently held by institutional investors and hedge funds.

Federal Signal Company Profile (Get a rating)

Federal Signal Corp. engages in the design and manufacture of integrated products and solutions for municipal, government, industrial and commercial customers. It operates through the segments of Environmental Solutions Group and Safety and Security Systems Group. The Environment Solutions Group segment is involved in the manufacture and supply of street sweepers, sewer cleaners, vacuum trucks, hydro excavation trucks and wet stripping equipment.

Further reading

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