Federal Signal Co. to Post Q1 2024 Earnings of $0.50 Per Share, Seaport Res Ptn Forecasts (NYSE:FSS)

Federal Signal Co. (NYSE:FSS) – Investment analysts at Seaport Res Ptn boosted their Q1 2024 EPS estimates for shares of Federal Signal in a research note issued on Wednesday, March 27th. Seaport Res Ptn analyst W. Liptak now expects that the conglomerate will earn $0.50 per share for the quarter, up from their previous forecast of $0.48. The consensus estimate for Federal Signal’s current full-year earnings is $2.95 per share. Seaport Res Ptn also issued estimates for Federal Signal’s Q2 2024 earnings at $0.76 EPS, Q3 2024 earnings at $0.78 EPS, Q4 2024 earnings at $0.93 EPS, FY2024 earnings at $2.97 EPS, Q1 2025 earnings at $0.61 EPS, Q2 2025 earnings at $0.84 EPS, Q3 2025 earnings at $0.85 EPS and FY2025 earnings at $3.33 EPS.

Federal Signal Price Performance

Federal Signal stock opened at $84.54 on Thursday. The firm has a market cap of $5.16 billion, a PE ratio of 32.89 and a beta of 1.03. Federal Signal has a 52-week low of $49.82 and a 52-week high of $85.98. The company has a quick ratio of 1.36, a current ratio of 2.91 and a debt-to-equity ratio of 0.29. The company’s 50 day moving average is $79.33 and its two-hundred day moving average is $71.02.

Federal Signal (NYSE:FSS) last issued its quarterly earnings data on Tuesday, February 27th. The conglomerate reported $0.74 EPS for the quarter, topping the consensus estimate of $0.67 by $0.07. The firm had revenue of $448.40 million for the quarter, compared to analyst estimates of $422.45 million. Federal Signal had a net margin of 9.14% and a return on equity of 16.88%. The business’s revenue for the quarter was up 14.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.57 EPS.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC purchased a new position in Federal Signal during the 4th quarter worth $38,000. Fifth Third Bancorp grew its holdings in Federal Signal by 155.7% during the 3rd quarter. Fifth Third Bancorp now owns 583 shares of the conglomerate’s stock valued at $35,000 after buying an additional 355 shares during the last quarter. Parallel Advisors LLC lifted its holdings in Federal Signal by 28.1% in the 4th quarter. Parallel Advisors LLC now owns 638 shares of the conglomerate’s stock valued at $49,000 after purchasing an additional 140 shares in the last quarter. Skandinaviska Enskilda Banken AB publ purchased a new position in Federal Signal in the 3rd quarter valued at about $78,000. Finally, Point72 Hong Kong Ltd purchased a new stake in shares of Federal Signal in the first quarter valued at $51,000. 92.73% of the stock is owned by hedge funds and other institutional investors.

Federal Signal Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 28th. Shareholders of record on Friday, March 15th will be given a $0.12 dividend. The ex-dividend date is Thursday, March 14th. This is an increase from Federal Signal’s previous quarterly dividend of $0.10. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.57%. Federal Signal’s dividend payout ratio is currently 18.68%.

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.