Zacks: Analysts Anticipate Federal Signal Co. (NYSE:FSS) Will Announce Quarterly Sales of $281.58 Million

Equities analysts expect Federal Signal Co. (NYSE:FSS) to announce sales of $281.58 million for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for Federal Signal’s earnings. The lowest sales estimate is $278.00 million and the highest is $287.30 million. Federal Signal posted sales of $286.10 million in the same quarter last year, which would indicate a negative year over year growth rate of 1.6%. The company is expected to issue its next quarterly earnings report before the market opens on Wednesday, May 5th.

On average, analysts expect that Federal Signal will report full-year sales of $1.23 billion for the current financial year, with estimates ranging from $1.22 billion to $1.25 billion. For the next year, analysts expect that the company will post sales of $1.31 billion, with estimates ranging from $1.31 billion to $1.33 billion. Zacks’ sales averages are an average based on a survey of research firms that cover Federal Signal.

Federal Signal (NYSE:FSS) last released its quarterly earnings results on Thursday, February 25th. The conglomerate reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.03. The firm had revenue of $294.80 million during the quarter, compared to analyst estimates of $291.57 million. Federal Signal had a net margin of 8.68% and a return on equity of 16.12%. The company’s revenue was down 6.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.48 EPS.

Separately, Raymond James raised Federal Signal from a “market perform” rating to a “strong-buy” rating and set a $45.00 price objective for the company in a report on Wednesday. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $37.75.

FSS traded down $0.81 during mid-day trading on Monday, reaching $40.60. 7,071 shares of the stock were exchanged, compared to its average volume of 250,949. The company has a 50 day moving average price of $38.58 and a two-hundred day moving average price of $34.37. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.39 and a current ratio of 2.63. The stock has a market capitalization of $2.46 billion, a PE ratio of 25.05, a price-to-earnings-growth ratio of 1.24 and a beta of 1.11. Federal Signal has a 1 year low of $24.66 and a 1 year high of $41.54.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 31st. Stockholders of record on Friday, March 19th were issued a dividend of $0.09 per share. This is a positive change from Federal Signal’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Thursday, March 18th. This represents a $0.36 annualized dividend and a dividend yield of 0.89%. Federal Signal’s payout ratio is presently 20.11%.

In other Federal Signal news, CEO Jennifer L. Sherman sold 112,759 shares of the company’s stock in a transaction that occurred on Wednesday, March 3rd. The stock was sold at an average price of $38.18, for a total value of $4,305,138.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.90% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. boosted its stake in Federal Signal by 4.6% in the fourth quarter. BlackRock Inc. now owns 9,036,099 shares of the conglomerate’s stock worth $299,725,000 after buying an additional 394,898 shares in the last quarter. Van Berkom & Associates Inc. boosted its stake in Federal Signal by 7.7% in the fourth quarter. Van Berkom & Associates Inc. now owns 3,022,624 shares of the conglomerate’s stock worth $100,260,000 after buying an additional 215,270 shares in the last quarter. Vaughan Nelson Investment Management L.P. boosted its stake in shares of Federal Signal by 25.0% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 1,907,752 shares of the conglomerate’s stock valued at $63,280,000 after purchasing an additional 381,840 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in shares of Federal Signal by 0.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,253,015 shares of the conglomerate’s stock valued at $41,563,000 after purchasing an additional 7,723 shares during the period. Finally, GW&K Investment Management LLC boosted its stake in shares of Federal Signal by 47.3% during the fourth quarter. GW&K Investment Management LLC now owns 1,224,829 shares of the conglomerate’s stock valued at $40,628,000 after purchasing an additional 393,321 shares during the period. 87.62% of the stock is owned by institutional investors and hedge funds.

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

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