Federal Signal (NYSE:FSS) Updates FY 2024 Earnings Guidance

Federal Signal (NYSE:FSS) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided earnings per share guidance of 3.200-3.350 for the period, compared to the consensus earnings per share estimate of 3.080. The company issued revenue guidance of $1.9 billion-$1.9 billion, compared to the consensus revenue estimate of $1.9 billion. Federal Signal also updated its FY24 guidance to $3.20-3.35 EPS.

Federal Signal Trading Up 3.1 %

FSS stock traded up $2.95 during mid-day trading on Friday, reaching $99.33. The company had a trading volume of 482,709 shares, compared to its average volume of 341,721. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.82 and a quick ratio of 1.29. The company has a market capitalization of $6.07 billion, a PE ratio of 33.66 and a beta of 0.95. The firm has a 50 day moving average of $87.32 and a 200 day moving average of $83.02. Federal Signal has a 12 month low of $56.37 and a 12 month high of $100.90.

Federal Signal (NYSE:FSS) last released its quarterly earnings data on Thursday, July 25th. The conglomerate reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.11. The firm had revenue of $490.40 million for the quarter, compared to the consensus estimate of $487.74 million. Federal Signal had a net margin of 10.31% and a return on equity of 17.36%. The company’s quarterly revenue was up 10.8% on a year-over-year basis. During the same period last year, the firm earned $0.67 earnings per share. On average, equities analysts predict that Federal Signal will post 3.08 earnings per share for the current fiscal year.

Federal Signal Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Friday, August 16th will be issued a dividend of $0.12 per share. The ex-dividend date is Friday, August 16th. This represents a $0.48 annualized dividend and a dividend yield of 0.48%. Federal Signal’s dividend payout ratio (DPR) is presently 16.22%.

Analysts Set New Price Targets

Separately, William Blair started coverage on shares of Federal Signal in a research report on Friday, May 31st. They set an outperform rating on the stock.

About Federal Signal

Federal Signal Corp. engages in the design and 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 is involved in the manufacture and supply of street sweeper vehicles, sewer cleaners, vacuum loader trucks, hydro-excavation trucks, and water blasting equipment.