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

Federal Signal (NYSE:FSS) updated its FY 2024 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 3.200-3.350 for the period, compared to the consensus 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.

Federal Signal Stock Up 2.9 %

Shares of FSS stock traded up $2.75 during trading on Thursday, hitting $97.28. 6,547 shares of the company were exchanged, compared to its average volume of 336,452. The firm has a market capitalization of $5.94 billion, a price-to-earnings ratio of 31.91 and a beta of 0.95. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.29 and a current ratio of 2.82. The business’s 50-day simple moving average is $87.12 and its 200 day simple moving average is $82.93. Federal Signal has a twelve month low of $56.37 and a twelve month high of $99.78.

Federal Signal (NYSE:FSS) last posted its quarterly earnings results on Tuesday, April 30th. The conglomerate reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.09. Federal Signal had a net margin of 10.31% and a return on equity of 17.36%. The business had revenue of $424.90 million for the quarter, compared to the consensus estimate of $425.58 million. During the same period in the prior year, the business posted $0.46 earnings per share. Federal Signal’s revenue for the quarter was up 10.2% compared to the same quarter last year. As a group, analysts forecast that Federal Signal will post 3.08 EPS for the current fiscal year.

Federal Signal Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Stockholders 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 dividend yield of 0.49%. The ex-dividend date is Friday, August 16th. Federal Signal’s dividend payout ratio is 16.22%.

Analyst Ratings Changes

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

Federal Signal Company Profile

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.