Federal Signal Co. (NYSE:FSS) has earned a consensus recommendation of “Buy” from the six research firms that are currently covering the company, MarketBeat reports. Two analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $46.75.
Several equities research analysts recently weighed in on the company. Sidoti upgraded Federal Signal from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $44.00 to $50.00 in a research note on Thursday, September 2nd. DA Davidson initiated coverage on Federal Signal in a research note on Thursday. They issued a “neutral” rating and a $45.00 price objective for the company. Zacks Investment Research cut Federal Signal from a “buy” rating to a “hold” rating in a research note on Friday, September 3rd. Colliers Securities reiterated a “buy” rating on shares of Federal Signal in a research note on Thursday, July 1st. Finally, KeyCorp reduced their price objective on Federal Signal from $48.00 to $44.00 and set an “overweight” rating for the company in a research note on Monday, September 27th.
Several institutional investors have recently added to or reduced their stakes in FSS. Russell Investments Group Ltd. purchased a new stake in shares of Federal Signal during the first quarter worth approximately $203,000. Teacher Retirement System of Texas acquired a new position in Federal Signal during the first quarter worth $259,000. UBS Group AG grew its holdings in Federal Signal by 29.6% during the first quarter. UBS Group AG now owns 333,354 shares of the conglomerate’s stock worth $12,767,000 after acquiring an additional 76,050 shares during the period. JPMorgan Chase & Co. grew its holdings in Federal Signal by 128.9% during the first quarter. JPMorgan Chase & Co. now owns 113,852 shares of the conglomerate’s stock worth $4,360,000 after acquiring an additional 64,124 shares during the period. Finally, Geode Capital Management LLC grew its holdings in Federal Signal by 7.4% during the first quarter. Geode Capital Management LLC now owns 958,127 shares of the conglomerate’s stock worth $36,696,000 after acquiring an additional 66,184 shares during the period. Institutional investors and hedge funds own 89.65% of the company’s stock.
Federal Signal (NYSE:FSS) last posted its earnings results on Thursday, July 29th. The conglomerate reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.05. The firm had revenue of $334.70 million during the quarter, compared to analysts’ expectations of $304.60 million. Federal Signal had a return on equity of 15.02% and a net margin of 8.69%. As a group, sell-side analysts anticipate that Federal Signal will post 1.87 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, September 1st. Stockholders of record on Friday, August 20th were paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 0.89%. The ex-dividend date was Thursday, August 19th. Federal Signal’s dividend payout ratio (DPR) is presently 21.56%.
Federal Signal Company Profile
Federal Signal Corp. engages in the designed manufacture of products and integrated solutions for municipal, governmental, industrial, and commercial customers. It operates through the Environmental Solutions Group and Safety and Security Systems Group segments. The Environment Solutions Group segment involves in the manufacture and supply of street sweeper vehicles, sewer cleaner, vacuum loader trucks, hydro-excavation trucks, and water blasting equipment.
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