Federal Signal Corporation to Post Q3 2017 Earnings of $0.21 Per Share, Seaport Global Securities Forecasts (FSS)

Federal Signal Corporation (NYSE:FSS) – Investment analysts at Seaport Global Securities increased their Q3 2017 earnings per share (EPS) estimates for Federal Signal Corporation in a report released on Wednesday. Seaport Global Securities analyst W. Liptak now anticipates that the conglomerate will earn $0.21 per share for the quarter, up from their previous forecast of $0.20. Seaport Global Securities also issued estimates for Federal Signal Corporation’s Q2 2018 earnings at $0.28 EPS.

Federal Signal Corporation (NYSE:FSS) last posted its earnings results on Tuesday, August 8th. The conglomerate reported $0.23 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.03. The company had revenue of $224.40 million during the quarter, compared to analyst estimates of $206.53 million. Federal Signal Corporation had a net margin of 5.20% and a return on equity of 10.59%. Federal Signal Corporation’s revenue for the quarter was up 30.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.17 earnings per share.

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FSS has been the topic of several other reports. Zacks Investment Research downgraded shares of Federal Signal Corporation from a “strong-buy” rating to a “hold” rating in a report on Monday. BidaskClub upgraded shares of Federal Signal Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, July 11th. TheStreet upgraded shares of Federal Signal Corporation from a “c” rating to a “b-” rating in a report on Thursday, April 27th. Finally, KeyCorp upgraded shares of Federal Signal Corporation from a “sector weight” rating to an “overweight” rating and set a $20.00 price target on the stock in a report on Tuesday, May 9th. One research analyst has rated the stock with a hold rating and three have given a buy rating to the company. Federal Signal Corporation has an average rating of “Buy” and a consensus target price of $19.00.

Shares of Federal Signal Corporation (NYSE:FSS) opened at 18.55 on Thursday. The stock has a market capitalization of $1.11 billion, a price-to-earnings ratio of 30.36 and a beta of 1.37. Federal Signal Corporation has a 12-month low of $11.68 and a 12-month high of $20.13. The stock’s 50 day moving average is $17.86 and its 200-day moving average is $15.88.

A number of institutional investors have recently modified their holdings of FSS. Guggenheim Capital LLC increased its position in shares of Federal Signal Corporation by 5.9% in the fourth quarter. Guggenheim Capital LLC now owns 64,124 shares of the conglomerate’s stock valued at $1,001,000 after buying an additional 3,588 shares during the last quarter. Norges Bank purchased a new position in shares of Federal Signal Corporation during the fourth quarter valued at approximately $12,920,000. State of Tennessee Treasury Department increased its position in shares of Federal Signal Corporation by 17.8% in the first quarter. State of Tennessee Treasury Department now owns 58,740 shares of the conglomerate’s stock valued at $811,000 after buying an additional 8,865 shares during the last quarter. Alpha Windward LLC increased its position in shares of Federal Signal Corporation by 7.4% in the first quarter. Alpha Windward LLC now owns 31,500 shares of the conglomerate’s stock valued at $435,000 after buying an additional 2,160 shares during the last quarter. Finally, Legal & General Group Plc increased its position in shares of Federal Signal Corporation by 0.7% in the first quarter. Legal & General Group Plc now owns 106,247 shares of the conglomerate’s stock valued at $1,467,000 after buying an additional 766 shares during the last quarter. Institutional investors own 83.15% of the company’s stock.

In related news, Director Paul W. Jones sold 50,000 shares of the company’s stock in a transaction dated Wednesday, May 24th. The shares were sold at an average price of $15.96, for a total transaction of $798,000.00. Following the transaction, the director now directly owns 72,901 shares in the company, valued at approximately $1,163,499.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Samuel Miceli sold 2,000 shares of the company’s stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of $16.05, for a total transaction of $32,100.00. The disclosure for this sale can be found here. Insiders have sold a total of 52,900 shares of company stock worth $844,662 over the last quarter. 4.20% of the stock is currently owned by insiders.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 6th. Investors of record on Tuesday, August 15th will be issued a dividend of $0.07 per share. The ex-dividend date is Friday, August 11th. This represents a $0.28 annualized dividend and a yield of 1.51%. Federal Signal Corporation’s payout ratio is 42.42%.

About Federal Signal Corporation

Federal Signal Corporation designs, manufactures and supplies a suite of products and integrated solutions for municipal, governmental, industrial and commercial customers. The Company’s segments include the Environmental Solutions Group and the Safety and Security Systems Group. Its Environmental Solutions Group manufactures and supplies a range of street sweeper vehicles, sewer cleaner and vacuum loader trucks, hydro-excavation trucks and waterblasting equipment.

Earnings History and Estimates for Federal Signal Corporation (NYSE:FSS)

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