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 cut shares of Federal Signal Corp. from a buy rating to a hold rating in a research report on Thursday, August 4th.
Shares of Federal Signal Corp. (NYSE:FSS) opened at 13.12 on Monday. The firm has a 50 day moving average price of $13.17 and a 200 day moving average price of $13.14. The firm has a market cap of $786.32 million, a P/E ratio of 15.40 and a beta of 1.27. Federal Signal Corp. has a 1-year low of $11.16 and a 1-year high of $17.23.
Federal Signal Corp. (NYSE:FSS) last announced its quarterly earnings results on Thursday, July 28th. The company reported $0.17 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by $0.02. Federal Signal Corp. had a net margin of 7.19% and a return on equity of 13.54%. The business earned $172.30 million during the quarter, compared to the consensus estimate of $180.05 million. During the same period in the previous year, the business posted $0.29 EPS. Federal Signal Corp.’s revenue was down 16.1% compared to the same quarter last year. Analysts anticipate that Federal Signal Corp. will post $0.70 EPS for the current year.
A number of large investors have recently bought and sold shares of the stock. Teacher Retirement System of Texas raised its stake in 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 valued at $112,000 after buying an additional 639 shares during the period. AHL Partners LLP purchased a new stake in Federal Signal Corp. during the second quarter valued at approximately $134,000. Societe Generale purchased a new stake in Federal Signal Corp. during the second quarter valued at approximately $151,000. SG Americas Securities LLC purchased a new stake in Federal Signal Corp. during the second quarter valued at approximately $151,000. Finally, Mason Street Advisors LLC purchased a new stake in Federal Signal Corp. during the second quarter valued at approximately $152,000. Hedge funds and other institutional investors own 83.37% of the company’s stock.
Federal Signal Corp. Company Profile
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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