Federal Signal (NYSE:FSS) Posts Quarterly Earnings Results, Beats Estimates By $0.04 EPS

Federal Signal (NYSE:FSS) announced its quarterly earnings results on Thursday. The conglomerate reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.04, Zacks reports. Federal Signal had a net margin of 11.57% and a return on equity of 18.46%. The firm had revenue of $474.20 million during the quarter, compared to analysts’ expectations of $481.71 million. During the same period in the prior year, the company earned $0.71 EPS. The firm’s revenue was up 6.2% on a year-over-year basis. Federal Signal updated its FY24 guidance to $3.30-3.40 EPS and its FY 2024 guidance to 3.300-3.400 EPS.

Federal Signal Stock Up 0.3 %

Federal Signal stock traded up $0.27 during midday trading on Friday, hitting $81.84. 570,823 shares of the company were exchanged, compared to its average volume of 315,839. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.83 and a quick ratio of 1.35. Federal Signal has a fifty-two week low of $60.09 and a fifty-two week high of $102.18. The company’s fifty day moving average price is $89.36 and its 200-day moving average price is $88.61. The company has a market cap of $5.00 billion, a PE ratio of 23.72 and a beta of 0.95.

Federal Signal Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.48 annualized dividend and a dividend yield of 0.59%. Federal Signal’s payout ratio is currently 13.91%.

Insider Transactions at Federal Signal

In other news, Director Brenda Reichelderfer sold 25,685 shares of the firm’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $92.99, for a total transaction of $2,388,448.15. Following the completion of the sale, the director now directly owns 57,417 shares in the company, valued at $5,339,206.83. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 3.10% of the company’s 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.