Federal Signal (NYSE:FSS) Issues FY 2024 Earnings Guidance

Federal Signal (NYSE:FSS) updated its FY 2024 earnings guidance on Thursday. The company provided EPS guidance of 3.200-3.350 for the period, compared to the consensus EPS estimate of 3.080. The company issued revenue guidance of $1.9 billion-$1.9 billion, compared to the consensus revenue estimate of $1.9 billion. Federal Signal also updated its FY24 guidance to $3.20-3.35 EPS.

Analyst Ratings Changes

Separately, William Blair assumed coverage on Federal Signal in a research report on Friday, May 31st. They issued an outperform rating for the company.

Federal Signal Stock Performance

FSS stock traded up $1.85 during midday trading on Thursday, hitting $96.38. The stock had a trading volume of 607,335 shares, compared to its average volume of 340,683. The firm has a market capitalization of $5.89 billion, a price-to-earnings ratio of 32.56 and a beta of 0.95. Federal Signal has a 52 week low of $56.37 and a 52 week high of $99.98. The stock has a 50-day simple moving average of $87.32 and a 200 day simple moving average of $83.02. The company has a current ratio of 2.82, a quick ratio of 1.29 and a debt-to-equity ratio of 0.26.

Federal Signal (NYSE:FSS) last issued its quarterly earnings data on Tuesday, April 30th. The conglomerate reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.09. The company had revenue of $424.90 million during the quarter, compared to analysts’ expectations of $425.58 million. Federal Signal had a return on equity of 17.36% and a net margin of 10.31%. The business’s revenue was up 10.2% on a year-over-year basis. During the same period last year, the business earned $0.46 earnings per share. As a group, equities research analysts anticipate that Federal Signal will post 3.08 earnings per share for the current year.

Federal Signal Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Friday, August 16th will be paid a $0.12 dividend. The ex-dividend date is Friday, August 16th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.50%. Federal Signal’s dividend payout ratio (DPR) is presently 16.22%.

About Federal Signal

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.