Zacks: Brokerages Anticipate Federal Signal Co. (FSS) Will Announce Earnings of $0.20 Per Share

Equities analysts predict that Federal Signal Co. (NYSE:FSS) will post earnings per share of $0.20 for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Federal Signal’s earnings, with the highest EPS estimate coming in at $0.22 and the lowest estimate coming in at $0.18. Federal Signal reported earnings per share of $0.14 during the same quarter last year, which would indicate a positive year over year growth rate of 42.9%. The company is expected to announce its next quarterly earnings results on Thursday, April 26th.

According to Zacks, analysts expect that Federal Signal will report full-year earnings of $1.17 per share for the current year, with EPS estimates ranging from $1.14 to $1.19. For the next fiscal year, analysts forecast that the firm will report earnings of $1.39 per share, with EPS estimates ranging from $1.33 to $1.49. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Federal Signal.

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Federal Signal (NYSE:FSS) last issued its earnings results on Wednesday, February 28th. The conglomerate reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.04. Federal Signal had a return on equity of 12.07% and a net margin of 6.86%. The business had revenue of $247.60 million for the quarter, compared to analyst estimates of $228.90 million. During the same quarter last year, the company earned $0.16 EPS. The business’s quarterly revenue was up 40.6% on a year-over-year basis.

Several equities research analysts have recently weighed in on FSS shares. Seaport Global Securities reissued a “buy” rating on shares of Federal Signal in a research report on Thursday, March 1st. ValuEngine raised Federal Signal from a “hold” rating to a “buy” rating in a research report on Wednesday, February 28th. Zacks Investment Research raised Federal Signal from a “sell” rating to a “hold” rating in a research report on Monday, January 22nd. Finally, Sidoti started coverage on Federal Signal in a research report on Tuesday, February 20th. They set a “neutral” rating on the stock. One analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. Federal Signal currently has a consensus rating of “Buy” and an average target price of $21.00.

A number of large investors have recently added to or reduced their stakes in FSS. Barrow Hanley Mewhinney & Strauss LLC grew its stake in Federal Signal by 993.0% during the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,133,385 shares of the conglomerate’s stock worth $66,678,000 after buying an additional 2,846,707 shares during the last quarter. Millennium Management LLC boosted its stake in shares of Federal Signal by 172.9% in the fourth quarter. Millennium Management LLC now owns 565,139 shares of the conglomerate’s stock valued at $11,354,000 after buying an additional 358,080 shares in the last quarter. Eagle Asset Management Inc. purchased a new stake in shares of Federal Signal in the third quarter valued at approximately $6,833,000. WINTON GROUP Ltd purchased a new stake in shares of Federal Signal in the fourth quarter valued at approximately $5,680,000. Finally, Renaissance Technologies LLC boosted its stake in shares of Federal Signal by 196.9% in the fourth quarter. Renaissance Technologies LLC now owns 345,300 shares of the conglomerate’s stock valued at $6,937,000 after buying an additional 229,000 shares in the last quarter. Hedge funds and other institutional investors own 87.64% of the company’s stock.

Shares of NYSE FSS traded down $0.34 during midday trading on Tuesday, hitting $22.47. 450,217 shares of the company’s stock were exchanged, compared to its average volume of 279,907. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.42 and a current ratio of 2.59. Federal Signal has a twelve month low of $13.07 and a twelve month high of $23.64. The firm has a market capitalization of $1,348.20, a PE ratio of 26.44 and a beta of 1.14.

The company also recently declared a quarterly dividend, which was paid on Monday, March 19th. Investors of record on Monday, March 5th were paid a dividend of $0.07 per share. The ex-dividend date of this dividend was Friday, March 2nd. This represents a $0.28 dividend on an annualized basis and a yield of 1.25%. Federal Signal’s dividend payout ratio is presently 32.94%.

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Federal Signal Company Profile

Federal Signal Corporation, together with its subsidiaries, designs, manufactures, and supplies a suite of products and integrated solutions for municipal, governmental, industrial, and commercial customers in the United States, Canada, Europe, and internationally. It operates through two segments, Environmental Solutions Group and Safety and Security Systems Group.

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

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