Analysts expect that Federal Signal Co. (NYSE:FSS) will post $304.67 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Federal Signal’s earnings, with the lowest sales estimate coming in at $303.40 million and the highest estimate coming in at $305.60 million. Federal Signal posted sales of $291.00 million in the same quarter last year, which suggests a positive year-over-year growth rate of 4.7%. The business is scheduled to issue its next earnings report before the market opens on Wednesday, July 31st.
On average, analysts expect that Federal Signal will report full-year sales of $1.16 billion for the current financial year, with estimates ranging from $1.15 billion to $1.16 billion. For the next financial year, analysts forecast that the company will report sales of $1.21 billion, with estimates ranging from $1.19 billion to $1.22 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Federal Signal.
Federal Signal (NYSE:FSS) last posted its quarterly earnings results on Thursday, May 2nd. The conglomerate reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.04. The firm had revenue of $273.80 million for the quarter, compared to analyst estimates of $264.40 million. Federal Signal had a net margin of 8.85% and a return on equity of 17.57%. Federal Signal’s quarterly revenue was up 9.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.23 earnings per share.
FSS traded up $0.29 on Monday, reaching $27.95. 464,953 shares of the company’s stock were exchanged, compared to its average volume of 231,801. The firm has a market capitalization of $1.67 billion, a PE ratio of 19.55 and a beta of 1.57. Federal Signal has a twelve month low of $18.59 and a twelve month high of $29.00. The business has a fifty day moving average price of $26.09. The company has a current ratio of 2.08, a quick ratio of 1.05 and a debt-to-equity ratio of 0.43.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Meridian Wealth Management LLC purchased a new position in shares of Federal Signal in the 2nd quarter valued at $330,000. New York State Teachers Retirement System grew its position in shares of Federal Signal by 7.7% in the 2nd quarter. New York State Teachers Retirement System now owns 119,160 shares of the conglomerate’s stock valued at $3,188,000 after buying an additional 8,500 shares during the last quarter. Oregon Public Employees Retirement Fund grew its position in shares of Federal Signal by 1.7% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 23,730 shares of the conglomerate’s stock valued at $635,000 after buying an additional 400 shares during the last quarter. WINTON GROUP Ltd grew its position in shares of Federal Signal by 97.9% in the 2nd quarter. WINTON GROUP Ltd now owns 17,594 shares of the conglomerate’s stock valued at $471,000 after buying an additional 8,703 shares during the last quarter. Finally, Nordea Investment Management AB purchased a new position in shares of Federal Signal in the 1st quarter valued at $133,000. Hedge funds and other institutional investors own 89.14% of the company’s stock.
About Federal Signal
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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