DA Davidson Issues Pessimistic Forecast for Federal Signal (NYSE:FSS) Stock Price

Federal Signal (NYSE:FSS) had its price target lowered by DA Davidson from $94.00 to $90.00 in a report published on Tuesday,Benzinga reports. The firm currently has a neutral rating on the conglomerate’s stock. DA Davidson also issued estimates for Federal Signal’s Q4 2024 earnings at $0.84 EPS, FY2024 earnings at $3.31 EPS and FY2025 earnings at $3.54 EPS.

Federal Signal Stock Performance

FSS traded up $1.60 during trading on Tuesday, hitting $90.26. 36,987 shares of the company traded hands, compared to its average volume of 351,101. The firm has a market cap of $5.52 billion, a P/E ratio of 25.69 and a beta of 0.95. The stock’s fifty day moving average is $88.82 and its 200 day moving average is $88.69. The company has a quick ratio of 1.36, a current ratio of 2.83 and a debt-to-equity ratio of 0.19. Federal Signal has a one year low of $63.81 and a one year high of $102.18.

Federal Signal (NYSE:FSS) last released its quarterly earnings data on Thursday, October 31st. The conglomerate reported $0.88 EPS for the quarter, beating the consensus estimate of $0.84 by $0.04. The business had revenue of $474.20 million for the quarter, compared to the consensus estimate of $481.71 million. Federal Signal had a net margin of 11.57% and a return on equity of 18.46%. The company’s revenue was up 6.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.71 earnings per share. As a group, equities analysts predict that Federal Signal will post 3.33 EPS for the current fiscal year.

Federal Signal Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date of this dividend is Friday, November 15th. Federal Signal’s payout ratio is 13.91%.

Insider Transactions at Federal Signal

In other news, Director Brenda Reichelderfer sold 25,685 shares of the stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $92.99, for a total value of $2,388,448.15. Following the sale, the director now directly owns 57,417 shares of the company’s stock, valued at approximately $5,339,206.83. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 3.10% of the company’s stock.

Institutional Investors Weigh In On Federal Signal

A number of institutional investors and hedge funds have recently modified their holdings of FSS. Federated Hermes Inc. raised its stake in Federal Signal by 0.6% in the second quarter. Federated Hermes Inc. now owns 20,311 shares of the conglomerate’s stock valued at $1,699,000 after purchasing an additional 121 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its stake in Federal Signal by 4.5% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 2,996 shares of the conglomerate’s stock valued at $251,000 after purchasing an additional 130 shares in the last quarter. Crossmark Global Holdings Inc. raised its stake in Federal Signal by 4.1% in the third quarter. Crossmark Global Holdings Inc. now owns 4,269 shares of the conglomerate’s stock valued at $399,000 after purchasing an additional 169 shares in the last quarter. Xponance Inc. raised its stake in Federal Signal by 4.9% in the second quarter. Xponance Inc. now owns 3,812 shares of the conglomerate’s stock valued at $319,000 after purchasing an additional 178 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its stake in Federal Signal by 2.9% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 6,339 shares of the conglomerate’s stock valued at $530,000 after purchasing an additional 180 shares in the last quarter. 92.73% of the stock is owned by hedge funds and other institutional investors.

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.