Federal Signal Corporation (FSS) To Go Ex-Dividend on November 13th

Federal Signal Corporation (NYSE:FSS) declared a quarterly dividend on Tuesday, October 27th. Stockholders of record on Friday, November 13th will be given a dividend of $0.15 per share by the conglomerate on Tuesday, December 1st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Friday, November 13th.

Federal Signal has raised its dividend payment by an average of 0.1% annually over the last three years and has raised its dividend annually for the last 3 consecutive years. Federal Signal has a payout ratio of 14.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect Federal Signal to earn $5.79 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 10.4%.

Federal Signal Stock Performance

NYSE FSS opened at $115.34 on Wednesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.96 and a quick ratio of 1.35. Federal Signal has a 1-year low of $101.18 and a 1-year high of $134.51. The firm has a market capitalization of $7.04 billion, a P/E ratio of 22.98, a P/E/G ratio of 1.40 and a beta of 1.22. The business’s 50-day simple moving average is $114.74 and its 200-day simple moving average is $115.72.

Federal Signal (NYSE:FSS) last posted its earnings results on Thursday, October 29th. The conglomerate reported $1.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.32 by $0.02. The firm had revenue of $655.50 million during the quarter, compared to the consensus estimate of $661.61 million. Federal Signal had a net margin of 11.65% and a return on equity of 21.31%. The company’s revenue was up 18.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.14 EPS. Equities analysts predict that Federal Signal will post 5.24 EPS for the current year.

Institutional Trading of Federal Signal

Hedge funds and other institutional investors have recently modified their holdings of the business. GW&K Investment Management LLC increased its holdings in Federal Signal by 11.0% during the 3rd quarter. GW&K Investment Management LLC now owns 1,028,768 shares of the conglomerate’s stock worth $113,978,000 after purchasing an additional 102,314 shares during the last quarter. Private Advisor Group LLC acquired a new stake in shares of Federal Signal during the third quarter worth approximately $1,300,000. Voya Investment Management LLC grew its position in shares of Federal Signal by 0.7% during the third quarter. Voya Investment Management LLC now owns 17,482 shares of the conglomerate’s stock worth $1,937,000 after buying an additional 119 shares in the last quarter. Public Sector Pension Investment Board increased its stake in shares of Federal Signal by 25.5% in the third quarter. Public Sector Pension Investment Board now owns 356,491 shares of the conglomerate’s stock worth $40,565,000 after buying an additional 72,434 shares during the last quarter. Finally, HighTower Advisors LLC increased its stake in shares of Federal Signal by 0.8% in the third quarter. HighTower Advisors LLC now owns 35,177 shares of the conglomerate’s stock worth $3,897,000 after buying an additional 295 shares during the last quarter. 92.73% of the stock is owned by hedge funds and other institutional investors.

Federal Signal Company Profile

Federal Signal Corporation designs and manufactures products and equipment for environmental services, public safety and security. Its customers include municipalities, contractors, industrial businesses and public safety organizations. Through its Environmental Solutions Group, the company makes street sweepers, sewer cleaners, industrial vacuum loaders, waterblasting equipment and related vehicles and services. Its Safety and Security Systems Group provides warning sirens, emergency vehicle equipment and systems for public notification and communication.