Zacks: Brokerages Expect Federal Signal Co. (NYSE:FSS) Will Announce Quarterly Sales of $325.70 Million

Wall Street brokerages forecast that Federal Signal Co. (NYSE:FSS) will report sales of $325.70 million for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Federal Signal’s earnings, with the lowest sales estimate coming in at $315.60 million and the highest estimate coming in at $337.00 million. Federal Signal reported sales of $279.80 million in the same quarter last year, which would suggest a positive year over year growth rate of 16.4%. The company is expected to announce its next quarterly earnings results on Thursday, November 4th.

According to Zacks, analysts expect that Federal Signal will report full-year sales of $1.28 billion for the current fiscal year, with estimates ranging from $1.27 billion to $1.30 billion. For the next fiscal year, analysts expect that the firm will report sales of $1.39 billion, with estimates ranging from $1.36 billion to $1.41 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Federal Signal.

Federal Signal (NYSE:FSS) last issued its quarterly earnings results on Thursday, July 29th. The conglomerate reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.05. Federal Signal had a return on equity of 15.02% and a net margin of 8.69%. The business had revenue of $334.70 million for the quarter, compared to the consensus estimate of $304.60 million.

A number of research analysts have commented on FSS shares. Sidoti upgraded Federal Signal from a “neutral” rating to a “buy” rating and boosted their target price for the company from $44.00 to $50.00 in a research note on Thursday, September 2nd. Colliers Securities restated a “buy” rating on shares of Federal Signal in a research note on Thursday, July 1st. Finally, Zacks Investment Research downgraded Federal Signal from a “buy” rating to a “hold” rating in a research note on Friday, September 3rd. One analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $45.75.

Several large investors have recently made changes to their positions in FSS. US Bancorp DE lifted its position in shares of Federal Signal by 4.1% in the first quarter. US Bancorp DE now owns 6,349 shares of the conglomerate’s stock worth $244,000 after buying an additional 252 shares during the last quarter. Victory Capital Management Inc. lifted its position in shares of Federal Signal by 10.6% during the 1st quarter. Victory Capital Management Inc. now owns 17,603 shares of the conglomerate’s stock worth $674,000 after purchasing an additional 1,683 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Federal Signal by 2.1% during the 1st quarter. Envestnet Asset Management Inc. now owns 103,509 shares of the conglomerate’s stock worth $3,964,000 after purchasing an additional 2,144 shares during the last quarter. Alliancebernstein L.P. lifted its position in shares of Federal Signal by 30.6% during the 1st quarter. Alliancebernstein L.P. now owns 110,618 shares of the conglomerate’s stock worth $4,237,000 after purchasing an additional 25,938 shares during the last quarter. Finally, The PNC Financial Services Group Inc. lifted its position in shares of Federal Signal by 11.0% during the 1st quarter. The PNC Financial Services Group Inc. now owns 3,932 shares of the conglomerate’s stock worth $149,000 after purchasing an additional 391 shares during the last quarter. 89.65% of the stock is owned by institutional investors.

NYSE FSS traded down $0.20 on Friday, reaching $39.62. The stock had a trading volume of 126,705 shares, compared to its average volume of 221,730. The business has a 50 day moving average price of $39.37 and a 200 day moving average price of $40.01. The company has a current ratio of 2.51, a quick ratio of 1.31 and a debt-to-equity ratio of 0.30. Federal Signal has a 1 year low of $28.03 and a 1 year high of $43.77. The company has a market capitalization of $2.42 billion, a price-to-earnings ratio of 23.72, a P/E/G ratio of 1.39 and a beta of 1.06.

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 1st. Shareholders of record on Friday, August 20th were given a $0.09 dividend. The ex-dividend date of this dividend was Thursday, August 19th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.91%. Federal Signal’s dividend payout ratio is currently 21.56%.

Federal Signal Company Profile

Federal Signal Corp. engages in the designed 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 involves in the manufacture and supply of street sweeper vehicles, sewer cleaner, vacuum loader trucks, hydro-excavation trucks, and water blasting equipment.

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Earnings History and Estimates for Federal Signal (NYSE:FSS)

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