FY2024 EPS Estimates for Federal Signal Increased by Analyst

Federal Signal Co. (NYSE:FSS) – Equities research analysts at Seaport Res Ptn raised their FY2024 EPS estimates for shares of Federal Signal in a report released on Monday, November 11th. Seaport Res Ptn analyst W. Liptak now expects that the conglomerate will post earnings per share of $3.35 for the year, up from their prior forecast of $3.17. The consensus estimate for Federal Signal’s current full-year earnings is $3.34 per share. Seaport Res Ptn also issued estimates for Federal Signal’s Q3 2025 earnings at $0.98 EPS, Q4 2025 earnings at $1.02 EPS and FY2025 earnings at $3.73 EPS.

Federal Signal (NYSE:FSS) last posted its earnings results on Thursday, October 31st. The conglomerate reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.04. Federal Signal had a net margin of 11.57% and a return on equity of 18.46%. The company had revenue of $474.20 million for the quarter, compared to analyst estimates of $481.71 million. During the same period last year, the business posted $0.71 earnings per share. The business’s revenue for the quarter was up 6.2% compared to the same quarter last year.

Separately, DA Davidson cut their price objective on Federal Signal from $94.00 to $90.00 and set a “neutral” rating on the stock in a report on Tuesday, November 5th.

Federal Signal Stock Performance

FSS stock opened at $92.39 on Wednesday. Federal Signal has a 1-year low of $66.04 and a 1-year high of $102.18. The company has a current ratio of 2.83, a quick ratio of 1.36 and a debt-to-equity ratio of 0.19. The firm has a market cap of $5.65 billion, a PE ratio of 26.79 and a beta of 0.95. The business’s 50-day moving average price is $88.72 and its two-hundred day moving average price is $88.92.

Institutional Investors Weigh In On Federal Signal

Hedge funds have recently bought and sold shares of the company. Federated Hermes Inc. lifted its position in Federal Signal by 0.6% during the second quarter. Federated Hermes Inc. now owns 20,311 shares of the conglomerate’s stock worth $1,699,000 after acquiring an additional 121 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its stake in Federal Signal by 4.5% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 2,996 shares of the conglomerate’s stock valued at $251,000 after purchasing an additional 130 shares during the period. Crossmark Global Holdings Inc. grew its holdings in Federal Signal by 4.1% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 4,269 shares of the conglomerate’s stock valued at $399,000 after buying an additional 169 shares in the last quarter. Xponance Inc. increased its position in Federal Signal by 4.9% during the 2nd quarter. Xponance Inc. now owns 3,812 shares of the conglomerate’s stock worth $319,000 after buying an additional 178 shares during the period. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Federal Signal by 2.9% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 6,339 shares of the conglomerate’s stock worth $530,000 after buying an additional 180 shares in the last quarter. 92.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Federal Signal news, Director Brenda Reichelderfer sold 25,685 shares of Federal Signal stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $92.99, for a total value of $2,388,448.15. Following the sale, the director now owns 57,417 shares of the company’s stock, valued at $5,339,206.83. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 3.10% of the company’s stock.

Federal Signal Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be given a $0.12 dividend. The ex-dividend date is Friday, November 15th. This represents a $0.48 annualized dividend and a yield of 0.52%. Federal Signal’s dividend payout ratio is currently 13.91%.

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.