Federal Signal Corp. (NYSE:FSS) has earned a consensus broker rating score of 2.50 (Hold) from the two brokers that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation and one has assigned a buy recommendation to the company.
Brokers have set a twelve-month consensus target price of $14.00 for the company and are predicting that the company will post $0.16 EPS for the current quarter, according to Zacks. Zacks has also given Federal Signal Corp. an industry rank of 191 out of 265 based on the ratings given to its competitors.
A number of research firms recently issued reports on FSS. Zacks Investment Research raised Federal Signal Corp. from a “sell” rating to a “hold” rating in a research report on Monday. TheStreet cut Federal Signal Corp. from a “buy” rating to a “hold” rating in a research report on Thursday, August 4th.
Institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in Federal Signal Corp. by 2.4% in the second quarter. Vanguard Group Inc. now owns 2,818,752 shares of the company’s stock valued at $36,305,000 after buying an additional 65,279 shares during the period. BlackRock Institutional Trust Company N.A. raised its position in Federal Signal Corp. by 1.1% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,564,917 shares of the company’s stock valued at $20,751,000 after buying an additional 16,870 shares during the period. Investment Counselors of Maryland LLC bought a new position in Federal Signal Corp. during the second quarter valued at $13,187,000. Gamco Investors INC. ET AL raised its position in Federal Signal Corp. by 1.6% in the second quarter. Gamco Investors INC. ET AL now owns 940,210 shares of the company’s stock valued at $12,110,000 after buying an additional 14,500 shares during the period. Finally, Macquarie Group Ltd. raised its position in Federal Signal Corp. by 27.5% in the second quarter. Macquarie Group Ltd. now owns 927,675 shares of the company’s stock valued at $11,948,000 after buying an additional 200,260 shares during the period. Institutional investors own 83.37% of the company’s stock.
Federal Signal Corp. (NYSE:FSS) traded up 0.69% during mid-day trading on Wednesday, hitting $13.19. The company had a trading volume of 103,017 shares. The firm has a market cap of $790.52 million, a P/E ratio of 15.48 and a beta of 1.27. The stock’s 50 day moving average price is $13.16 and its 200 day moving average price is $13.14. Federal Signal Corp. has a 52-week low of $11.16 and a 52-week high of $17.23.
Federal Signal Corp. (NYSE:FSS) last released its quarterly earnings data on Thursday, July 28th. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 net margin of 7.19% and a return on equity of 13.54%. Federal Signal Corp.’s revenue for the quarter was down 16.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.29 EPS. On average, equities research analysts predict that Federal Signal Corp. will post $0.70 EPS for the current fiscal year.
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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