Federal Signal (NYSE:FSS) Releases Earnings Results, Beats Expectations By $0.04 EPS

Federal Signal (NYSE:FSS) posted its quarterly earnings data on Thursday. The conglomerate reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.04, Zacks reports. Federal Signal had a net margin of 11.57% and a return on equity of 18.46%. The business had revenue of $474.20 million during the quarter, compared to analyst estimates of $481.71 million. During the same quarter in the previous year, the business posted $0.71 earnings per share. The company’s revenue was up 6.2% on a year-over-year basis. Federal Signal updated its FY24 guidance to $3.30-3.40 EPS and its FY 2024 guidance to 3.300-3.400 EPS.

Federal Signal Trading Up 0.3 %

Federal Signal stock traded up $0.27 during trading on Friday, hitting $81.84. The company’s stock had a trading volume of 570,823 shares, compared to its average volume of 315,839. The stock’s fifty day moving average is $89.36 and its 200 day moving average is $88.61. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.35 and a current ratio of 2.83. Federal Signal has a 1-year low of $60.09 and a 1-year high of $102.18. The stock has a market capitalization of $5.00 billion, a price-to-earnings ratio of 23.72 and a beta of 0.95.

Federal Signal Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date is Friday, November 15th. Federal Signal’s dividend payout ratio is currently 13.91%.

Insider Buying and Selling at Federal Signal

In other news, Director Brenda Reichelderfer sold 25,685 shares of the stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $92.99, for a total transaction of $2,388,448.15. Following the transaction, the director now directly owns 57,417 shares in the company, valued at $5,339,206.83. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 3.10% of the stock is owned by company insiders.

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.