Federal Signal (NYSE:FSS – Get Free Report) 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 – Get Free Report) 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
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.
Read Our Latest Research Report on Federal Signal
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.
Further Reading
- Five stocks we like better than Federal Signal
- Russell 2000 Index, How Investors Use it For Profitable Trading
- 3M Surprises and Rebound Accelerates: It Isn’t Too Late To Get In
- Most Volatile Stocks, What Investors Need to Know
- Skechers Stock Shows Strength Among Consumer Discretionary Sector
- Which Wall Street Analysts are the Most Accurate?
- Tech Stocks Tumble, These Stocks Present Buying Opportunity
Receive News & Ratings for Federal Signal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Federal Signal and related companies with MarketBeat.com's FREE daily email newsletter.