Seaport Res Ptn Expects Higher Earnings for Federal Signal

Federal Signal Co. (NYSE:FSS) – Research analysts at Seaport Res Ptn upped their Q4 2024 EPS estimates for shares of Federal Signal in a note issued to investors on Monday, November 11th. Seaport Res Ptn analyst W. Liptak now anticipates that the conglomerate will post earnings of $0.87 per share for the quarter, up from their prior forecast of $0.78. 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 Q1 2025 earnings at $0.71 EPS and Q2 2025 earnings at $1.02 EPS.

Separately, DA Davidson lowered their price objective on shares of Federal Signal from $94.00 to $90.00 and set a “neutral” rating for the company in a research report on Tuesday, November 5th.

Federal Signal Price Performance

Shares of NYSE:FSS opened at $90.71 on Thursday. The firm has a 50 day moving average of $88.81 and a 200-day moving average of $88.95. Federal Signal has a 12 month low of $68.02 and a 12 month 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 stock has a market capitalization of $5.54 billion, a PE ratio of 26.70 and a beta of 0.95.

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

Federal Signal Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders 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 yield of 0.53%. The ex-dividend date is Friday, November 15th. Federal Signal’s dividend payout ratio is presently 13.91%.

Insiders Place Their Bets

In other Federal Signal news, Director Brenda Reichelderfer sold 25,685 shares of the business’s stock in a transaction on 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 sale, the director now owns 57,417 shares of the company’s stock, valued at approximately $5,339,206.83. The trade was a 30.91 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 3.10% of the company’s stock.

Institutional Investors Weigh In On Federal Signal

Several hedge funds have recently modified their holdings of the company. Verition Fund Management LLC bought a new position in Federal Signal in the 3rd quarter valued at approximately $495,000. Captrust Financial Advisors increased its position in Federal Signal by 14.9% in the 3rd quarter. Captrust Financial Advisors now owns 14,070 shares of the conglomerate’s stock valued at $1,315,000 after acquiring an additional 1,829 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Federal Signal by 17.6% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 152,430 shares of the conglomerate’s stock valued at $14,246,000 after acquiring an additional 22,821 shares during the last quarter. Glenmede Trust Co. NA lifted its holdings in shares of Federal Signal by 3.0% during the third quarter. Glenmede Trust Co. NA now owns 8,321 shares of the conglomerate’s stock worth $778,000 after purchasing an additional 244 shares during the period. Finally, BNP Paribas Financial Markets grew its stake in shares of Federal Signal by 5.5% in the third quarter. BNP Paribas Financial Markets now owns 56,789 shares of the conglomerate’s stock worth $5,308,000 after purchasing an additional 2,969 shares during the last quarter. Institutional investors and hedge funds own 92.73% of the company’s stock.

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.