Brokerages forecast that Federal Signal Co. (NYSE:FSS) will announce earnings of $0.46 per share for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Federal Signal’s earnings, with the lowest EPS estimate coming in at $0.45 and the highest estimate coming in at $0.48. Federal Signal reported earnings per share of $0.45 in the same quarter last year, which suggests a positive year over year growth rate of 2.2%. The firm is scheduled to announce its next quarterly earnings results before the market opens on Wednesday, July 31st.
According to Zacks, analysts expect that Federal Signal will report full year earnings of $1.57 per share for the current financial year, with EPS estimates ranging from $1.55 to $1.60. For the next year, analysts forecast that the firm will post earnings of $1.75 per share, with EPS estimates ranging from $1.69 to $1.85. Zacks’ EPS averages are an average based on a survey of research analysts that cover Federal Signal.
Federal Signal (NYSE:FSS) last announced its quarterly earnings data on Thursday, May 2nd. The conglomerate reported $0.30 EPS for the quarter, beating the consensus estimate of $0.26 by $0.04. Federal Signal had a return on equity of 17.57% and a net margin of 8.85%. The business had revenue of $273.80 million during the quarter, compared to analyst estimates of $264.40 million. During the same quarter last year, the firm posted $0.23 earnings per share. The company’s revenue for the quarter was up 9.7% on a year-over-year basis.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund grew its position in Federal Signal by 1.7% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 23,730 shares of the conglomerate’s stock valued at $635,000 after acquiring an additional 400 shares during the last quarter. Mason Street Advisors LLC grew its holdings in Federal Signal by 3.3% during the first quarter. Mason Street Advisors LLC now owns 19,317 shares of the conglomerate’s stock worth $502,000 after acquiring an additional 609 shares during the period. Piedmont Investment Advisors Inc. grew its holdings in Federal Signal by 5.3% during the first quarter. Piedmont Investment Advisors Inc. now owns 15,085 shares of the conglomerate’s stock worth $392,000 after acquiring an additional 764 shares during the period. Legal & General Group Plc grew its holdings in Federal Signal by 0.7% during the fourth quarter. Legal & General Group Plc now owns 143,623 shares of the conglomerate’s stock worth $2,846,000 after acquiring an additional 1,035 shares during the period. Finally, Comerica Bank grew its holdings in Federal Signal by 2.3% in the first quarter. Comerica Bank now owns 59,831 shares of the conglomerate’s stock valued at $1,602,000 after purchasing an additional 1,321 shares during the period. 89.14% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE:FSS traded up $0.21 on Friday, hitting $27.31. 1,169 shares of the company traded hands, compared to its average volume of 229,354. Federal Signal has a 52 week low of $18.59 and a 52 week high of $29.00. The business has a 50 day moving average price of $25.96. The company has a market capitalization of $1.63 billion, a P/E ratio of 18.96 and a beta of 1.57. The company has a current ratio of 2.08, a quick ratio of 1.05 and a debt-to-equity ratio of 0.43.
About Federal Signal
Federal Signal Corporation, together with its subsidiaries, designs, manufactures, and supplies a suite of products and integrated solutions for municipal, governmental, industrial, and commercial customers in the United States, Canada, Europe, and internationally. It operates through two segments, Environmental Solutions Group and Safety and Security Systems Group.
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