Wall Street brokerages predict that Federal Signal Co. (NYSE:FSS) will announce sales of $308.27 million for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Federal Signal’s earnings. The lowest sales estimate is $302.90 million and the highest is $311.00 million. Federal Signal reported sales of $269.40 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 14.4%. The firm is expected to issue its next quarterly earnings results before the market opens on Thursday, October 31st.
On average, analysts expect that Federal Signal will report full year sales of $1.21 billion for the current financial year, with estimates ranging from $1.21 billion to $1.22 billion. For the next financial year, analysts anticipate that the firm will report sales of $1.30 billion, with estimates ranging from $1.29 billion to $1.30 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow Federal Signal.
Federal Signal (NYSE:FSS) last issued its earnings results on Wednesday, July 31st. The conglomerate reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.09. The business had revenue of $324.30 million for the quarter, compared to analyst estimates of $305.40 million. Federal Signal had a net margin of 9.11% and a return on equity of 17.99%. The company’s revenue for the quarter was up 11.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.45 EPS.
In related news, VP Svetlana Vinokur sold 10,818 shares of the business’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $32.30, for a total transaction of $349,421.40. Following the completion of the sale, the vice president now owns 23,774 shares of the company’s stock, valued at approximately $767,900.20. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Dennis J. Martin sold 47,734 shares of the business’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $30.37, for a total transaction of $1,449,681.58. Following the sale, the director now directly owns 206,518 shares of the company’s stock, valued at approximately $6,271,951.66. The disclosure for this sale can be found here. In the last 90 days, insiders sold 113,639 shares of company stock worth $3,538,690. Company insiders own 4.00% of the company’s stock.
Several large investors have recently made changes to their positions in FSS. Nordea Investment Management AB bought a new stake in shares of Federal Signal during the 1st quarter valued at about $133,000. WINTON GROUP Ltd grew its position in Federal Signal by 97.9% in the 2nd quarter. WINTON GROUP Ltd now owns 17,594 shares of the conglomerate’s stock worth $471,000 after purchasing an additional 8,703 shares during the last quarter. Oregon Public Employees Retirement Fund grew its position in Federal Signal by 1.7% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 23,730 shares of the conglomerate’s stock worth $635,000 after purchasing an additional 400 shares during the last quarter. New York State Teachers Retirement System grew its position in 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 worth $3,188,000 after purchasing an additional 8,500 shares during the last quarter. Finally, Meridian Wealth Management LLC bought a new position in Federal Signal in the 2nd quarter worth about $330,000. 88.97% of the stock is owned by institutional investors and hedge funds.
Shares of Federal Signal stock traded up $0.90 during trading on Monday, reaching $33.39. The company had a trading volume of 184,486 shares, compared to its average volume of 314,492. The company has a market cap of $1.96 billion, a price-to-earnings ratio of 23.35 and a beta of 1.60. The firm’s fifty day moving average is $31.55 and its 200-day moving average is $28.22. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.17 and a current ratio of 2.21. Federal Signal has a fifty-two week low of $18.59 and a fifty-two week high of $34.12.
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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