Federal Signal (NYSE:FSS) Releases Earnings Results, Beats Expectations By $0.11 EPS

Federal Signal (NYSE:FSS) posted its quarterly earnings results on Thursday. The conglomerate reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.11, Briefing.com reports. The business had revenue of $490.40 million during the quarter, compared to the consensus estimate of $487.74 million. Federal Signal had a net margin of 10.31% and a return on equity of 17.36%. Federal Signal’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.67 earnings per share. Federal Signal updated its FY24 guidance to $3.20-3.35 EPS and its FY 2024 guidance to 3.200-3.350 EPS.

Federal Signal Trading Up 3.1 %

NYSE FSS traded up $2.95 during trading on Friday, reaching $99.33. 482,709 shares of the stock traded hands, compared to its average volume of 341,721. The firm has a market cap of $6.07 billion, a price-to-earnings ratio of 33.56 and a beta of 0.95. The stock’s 50-day moving average price is $87.58 and its 200 day moving average price is $83.21. The company has a quick ratio of 1.29, a current ratio of 2.82 and a debt-to-equity ratio of 0.26. Federal Signal has a fifty-two week low of $56.37 and a fifty-two week high of $100.90.

Federal Signal Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Friday, August 16th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date is Friday, August 16th. Federal Signal’s dividend payout ratio is currently 16.22%.

Analysts Set New Price Targets

Separately, William Blair initiated coverage on shares of Federal Signal in a report on Friday, May 31st. They set an “outperform” rating for the company.

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.