FY2017 EPS Estimates for Federal Signal Corporation Increased by Seaport Global Securities (FSS)
Federal Signal Corporation (NYSE:FSS) – Equities research analysts at Seaport Global Securities raised their FY2017 EPS estimates for Federal Signal Corporation in a research note issued on Friday. Seaport Global Securities analyst W. Liptak now anticipates that the conglomerate will post earnings of $0.82 per share for the year, up from their previous forecast of $0.80. Seaport Global Securities also issued estimates for Federal Signal Corporation’s Q4 2017 earnings at $0.21 EPS, Q1 2018 earnings at $0.22 EPS, Q2 2018 earnings at $0.30 EPS, Q3 2018 earnings at $0.26 EPS and FY2018 earnings at $1.10 EPS.
Federal Signal Corporation (NYSE:FSS) last announced its quarterly earnings results on Thursday, November 2nd. The conglomerate reported $0.24 EPS for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.03. The company had revenue of $249.00 million for the quarter, compared to analysts’ expectations of $240.30 million. Federal Signal Corporation had a net margin of 5.30% and a return on equity of 11.39%. Federal Signal Corporation’s revenue was up 33.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.17 EPS. WARNING: This piece of content was first posted by Watch List News and is owned by of Watch List News. If you are reading this piece of content on another site, it was illegally stolen and reposted in violation of U.S. & international copyright & trademark legislation. The legal version of this piece of content can be viewed at https://www.watchlistnews.com/fy2017-eps-estimates-for-federal-signal-corporation-increased-by-seaport-global-securities-fss/1684466.html.
A number of other analysts have also recently commented on FSS. BidaskClub upgraded shares of Federal Signal Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, July 11th. Zacks Investment Research lowered shares of Federal Signal Corporation from a “strong-buy” rating to a “hold” rating in a report on Monday, August 7th. Four analysts have rated the stock with a buy rating, Federal Signal Corporation has a consensus rating of “Buy” and an average price target of $22.50.
Shares of Federal Signal Corporation (NYSE FSS) opened at $21.72 on Monday. The company has a market cap of $1,326.84, a P/E ratio of 28.73 and a beta of 1.32. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.23 and a current ratio of 2.37. Federal Signal Corporation has a 52 week low of $12.10 and a 52 week high of $23.64.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 5th. Investors of record on Tuesday, November 14th will be issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date is Monday, November 13th. Federal Signal Corporation’s dividend payout ratio (DPR) is presently 38.36%.
A number of institutional investors have recently bought and sold shares of FSS. UBS Asset Management Americas Inc. increased its holdings in Federal Signal Corporation by 54.8% during the 1st quarter. UBS Asset Management Americas Inc. now owns 31,743 shares of the conglomerate’s stock worth $438,000 after acquiring an additional 11,243 shares during the period. Karp Capital Management Corp bought a new stake in Federal Signal Corporation during the 1st quarter worth approximately $162,000. Parametric Portfolio Associates LLC increased its holdings in Federal Signal Corporation by 28.6% during the 1st quarter. Parametric Portfolio Associates LLC now owns 55,831 shares of the conglomerate’s stock worth $771,000 after acquiring an additional 12,411 shares during the period. Principal Financial Group Inc. increased its holdings in Federal Signal Corporation by 6.0% during the 1st quarter. Principal Financial Group Inc. now owns 467,808 shares of the conglomerate’s stock worth $6,460,000 after acquiring an additional 26,432 shares during the period. Finally, Wellington Management Group LLP increased its holdings in Federal Signal Corporation by 1.1% during the 1st quarter. Wellington Management Group LLP now owns 254,184 shares of the conglomerate’s stock worth $3,511,000 after acquiring an additional 2,720 shares during the period. 83.55% of the stock is currently owned by institutional investors and hedge funds.
About Federal Signal Corporation
Federal Signal Corporation designs, manufactures and supplies a suite of products and integrated solutions for municipal, governmental, industrial and commercial customers. The Company’s segments include the Environmental Solutions Group and the Safety and Security Systems Group. Its Environmental Solutions Group manufactures and supplies a range of street sweeper vehicles, sewer cleaner and vacuum loader trucks, hydro-excavation trucks and waterblasting equipment.
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