According to Zacks, “Federal Signal Corporation is a manufacturer and worldwide supplier of safety, signaling and communications equipment, hazardous area lighting, fire rescue products, street sweeping and vacuum loader vehicles, parking control equipment, custom on-premise signage, carbide cutting tools, precision punches and related die components. “
Separately, TheStreet lowered Federal Signal Corp. from a buy rating to a hold rating in a research note on Thursday, August 4th.
Federal Signal Corp. (NYSE:FSS) opened at 13.26 on Wednesday. The firm has a market cap of $794.71 million, a price-to-earnings ratio of 15.56 and a beta of 1.27. Federal Signal Corp. has a 52-week low of $11.16 and a 52-week high of $17.23. The firm’s 50-day moving average price is $13.05 and its 200 day moving average price is $13.12.
Federal Signal Corp. (NYSE:FSS) last announced its quarterly earnings results on Thursday, July 28th. The company reported $0.17 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by $0.02. The firm had revenue of $172.30 million for the quarter, compared to analyst estimates of $180.05 million. Federal Signal Corp. had a return on equity of 13.54% and a net margin of 7.19%. The business’s revenue was down 16.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.29 earnings per share. On average, equities research analysts forecast that Federal Signal Corp. will post $0.70 EPS for the current year.
Large investors have recently bought and sold shares of the stock. Teacher Retirement System of Texas increased its position in shares of Federal Signal Corp. by 8.0% in the second quarter. Teacher Retirement System of Texas now owns 8,676 shares of the company’s stock worth $112,000 after buying an additional 639 shares in the last quarter. AHL Partners LLP acquired a new position in shares of Federal Signal Corp. during the second quarter worth approximately $134,000. Societe Generale acquired a new position in shares of Federal Signal Corp. during the second quarter worth approximately $151,000. SG Americas Securities LLC acquired a new position in shares of Federal Signal Corp. during the second quarter worth approximately $151,000. Finally, Mason Street Advisors LLC acquired a new position in shares of Federal Signal Corp. during the second quarter worth approximately $152,000. Institutional investors and hedge funds own 83.39% of the company’s stock.
About Federal Signal Corp.
Federal Signal Corporation designs and manufactures products and integrated solutions for municipal governmental industrial and commercial customers. The Company operates through two segments: Environmental Solutions Group, and Safety and Security Systems Group. Environmental Solutions Group is manufacturer and supplier of a range of street sweeper vehicles, sewer cleaner and vacuum loader trucks, hydro-excavation trucks and waterblasting equipment.
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