Federal Signal Corporation (NYSE:FSS – Get Free Report) has earned a consensus rating of “Hold” from the six ratings firms that are covering the company, MarketBeat reports. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $123.00.
A number of analysts have issued reports on FSS shares. KeyCorp reiterated a “sector weight” rating on shares of Federal Signal in a report on Friday, July 11th. Weiss Ratings restated a “buy (b)” rating on shares of Federal Signal in a report on Saturday, September 27th. DA Davidson boosted their target price on shares of Federal Signal from $100.00 to $112.00 and gave the stock a “neutral” rating in a report on Thursday, July 31st. Raymond James Financial boosted their target price on shares of Federal Signal from $120.00 to $145.00 and gave the stock an “outperform” rating in a report on Thursday, July 31st. Finally, Zacks Research downgraded shares of Federal Signal from a “strong-buy” rating to a “hold” rating in a report on Monday, September 29th.
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Federal Signal Trading Up 0.7%
Shares of FSS stock opened at $118.61 on Wednesday. Federal Signal has a 12-month low of $66.47 and a 12-month high of $130.30. The company has a current ratio of 2.60, a quick ratio of 1.25 and a debt-to-equity ratio of 0.20. The firm’s 50 day moving average is $123.92 and its 200 day moving average is $102.81. The stock has a market capitalization of $7.21 billion, a P/E ratio of 33.04, a P/E/G ratio of 2.09 and a beta of 1.29.
Federal Signal (NYSE:FSS – Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The conglomerate reported $1.17 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.11. Federal Signal had a net margin of 11.22% and a return on equity of 18.91%. The business had revenue of $564.60 million for the quarter, compared to analysts’ expectations of $537.24 million. During the same quarter last year, the company posted $0.95 EPS. The company’s revenue was up 15.1% compared to the same quarter last year. Federal Signal has set its FY 2025 guidance at 3.920-4.100 EPS. Research analysts expect that Federal Signal will post 3.34 earnings per share for the current year.
Federal Signal Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Friday, August 15th were issued a $0.14 dividend. The ex-dividend date was Friday, August 15th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.5%. Federal Signal’s payout ratio is 15.60%.
Hedge Funds Weigh In On Federal Signal
Several hedge funds have recently added to or reduced their stakes in FSS. Norges Bank bought a new position in Federal Signal during the 2nd quarter valued at about $79,165,000. Nuveen LLC purchased a new stake in Federal Signal in the 1st quarter valued at about $45,307,000. First Trust Advisors LP boosted its position in Federal Signal by 49.6% in the 2nd quarter. First Trust Advisors LP now owns 1,501,431 shares of the conglomerate’s stock valued at $159,782,000 after buying an additional 497,652 shares during the period. Congress Asset Management Co. purchased a new stake in Federal Signal in the 2nd quarter valued at about $51,945,000. Finally, The Manufacturers Life Insurance Company boosted its position in Federal Signal by 1,266.0% in the 1st quarter. The Manufacturers Life Insurance Company now owns 464,593 shares of the conglomerate’s stock valued at $34,171,000 after buying an additional 430,583 shares during the period. 92.73% of the stock is currently owned by institutional investors.
Federal Signal Company Profile
(Get Free Report)
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.
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