Zacks: Analysts Expect Federal Signal Corporation (NYSE:FSS) Will Post Quarterly Sales of $239.37 Million
Equities research analysts forecast that Federal Signal Corporation (NYSE:FSS) will report sales of $239.37 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Federal Signal Corporation’s earnings, with the lowest sales estimate coming in at $218.50 million and the highest estimate coming in at $250.90 million. Federal Signal Corporation posted sales of $186.70 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 28.2%. The business is expected to report its next earnings report on Tuesday, November 7th.
On average, analysts expect that Federal Signal Corporation will report full year sales of $239.37 million for the current year, with estimates ranging from $863.50 million to $887.60 million. For the next financial year, analysts expect that the company will report sales of $1.01 billion per share, with estimates ranging from $985.50 million to $1.02 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Federal Signal Corporation.
Federal Signal Corporation (NYSE:FSS) last posted its earnings results on Tuesday, August 8th. The conglomerate reported $0.23 EPS for the quarter, beating the consensus estimate of $0.20 by $0.03. The firm had revenue of $224.40 million during the quarter, compared to the consensus estimate of $206.53 million. Federal Signal Corporation had a return on equity of 10.59% and a net margin of 5.20%. The business’s quarterly revenue was up 30.2% on a year-over-year basis. During the same period last year, the company earned $0.17 earnings per share.
Several equities research analysts have issued reports on FSS shares. TheStreet raised Federal Signal Corporation from a “c” rating to a “b-” rating in a research note on Thursday, April 27th. Zacks Investment Research lowered Federal Signal Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, April 27th. Finally, BidaskClub raised Federal Signal Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, July 11th. Four research analysts have rated the stock with a buy rating, The company presently has an average rating of “Buy” and an average price target of $20.50.
Federal Signal Corporation (NYSE FSS) opened at 18.38 on Tuesday. The firm has a 50-day moving average price of $18.01 and a 200 day moving average price of $15.93. Federal Signal Corporation has a 52-week low of $11.68 and a 52-week high of $20.13. The company has a market capitalization of $1.10 billion, a P/E ratio of 28.06 and a beta of 1.37.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 6th. Shareholders of record on Tuesday, August 15th will be paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.52%. The ex-dividend date is Friday, August 11th. Federal Signal Corporation’s dividend payout ratio (DPR) is currently 42.42%.
In other news, Director Paul W. Jones sold 50,000 shares of the business’s stock in a transaction dated Wednesday, May 24th. The stock was sold at an average price of $15.96, for a total value of $798,000.00. Following the completion of the sale, the director now owns 72,901 shares of the company’s stock, valued at approximately $1,163,499.96. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Samuel Miceli sold 2,000 shares of the business’s stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of $16.05, for a total value of $32,100.00. The disclosure for this sale can be found here. In the last three months, insiders sold 52,900 shares of company stock valued at $844,662. 4.20% of the stock is currently owned by corporate insiders.
Large investors have recently added to or reduced their stakes in the stock. State Street Corp raised its stake in Federal Signal Corporation by 1.7% in the second quarter. State Street Corp now owns 1,560,730 shares of the conglomerate’s stock worth $27,095,000 after buying an additional 25,703 shares during the period. Macquarie Group Ltd. raised its stake in Federal Signal Corporation by 6.3% in the second quarter. Macquarie Group Ltd. now owns 1,139,379 shares of the conglomerate’s stock worth $19,780,000 after buying an additional 67,137 shares during the period. Goldman Sachs Group Inc. raised its stake in Federal Signal Corporation by 5.2% in the second quarter. Goldman Sachs Group Inc. now owns 2,517,979 shares of the conglomerate’s stock worth $43,712,000 after buying an additional 123,700 shares during the period. Voya Investment Management LLC raised its stake in Federal Signal Corporation by 8.4% in the second quarter. Voya Investment Management LLC now owns 30,158 shares of the conglomerate’s stock worth $524,000 after buying an additional 2,338 shares during the period. Finally, Citadel Advisors LLC raised its stake in Federal Signal Corporation by 50.9% in the second quarter. Citadel Advisors LLC now owns 74,754 shares of the conglomerate’s stock worth $1,298,000 after buying an additional 25,229 shares during the period. 81.44% of the stock is owned by institutional investors.
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Federal Signal Corporation Company Profile
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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