Research Analysts Set Expectations for Federal Signal Co.’s Q2 2022 Earnings (NYSE:FSS)

Federal Signal Co. (NYSE:FSSGet Rating) – Equities researchers at DA Davidson issued their Q2 2022 earnings estimates for Federal Signal in a report issued on Tuesday, May 3rd. DA Davidson analyst M. Shlisky forecasts that the conglomerate will post earnings per share of $0.45 for the quarter.

Several other analysts have also weighed in on FSS. StockNews.com began coverage on Federal Signal in a report on Thursday, March 31st. They set a “hold” rating on the stock. Raymond James reduced their price objective on Federal Signal from $46.00 to $45.00 and set a “strong-buy” rating for the company in a research note on Tuesday, April 26th. KeyCorp cut their price objective on Federal Signal from $48.00 to $44.00 and set an “overweight” rating for the company in a research report on Friday, March 18th. Finally, Zacks Investment Research cut Federal Signal from a “hold” rating to a “sell” rating in a research report on Monday, January 17th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $46.20.

Federal Signal stock opened at $34.63 on Wednesday. The company’s 50-day moving average price is $34.14. The company has a market cap of $2.11 billion, a P/E ratio of 21.64 and a beta of 0.98. The company has a current ratio of 2.53, a quick ratio of 1.18 and a debt-to-equity ratio of 0.36. Federal Signal has a 52-week low of $32.02 and a 52-week high of $48.88.

Federal Signal (NYSE:FSSGet Rating) last released its quarterly earnings results on Tuesday, March 1st. The conglomerate reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.02. The business had revenue of $301.40 million for the quarter, compared to analysts’ expectations of $301.64 million. Federal Signal had a net margin of 8.29% and a return on equity of 14.38%. The firm’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.44 earnings per share.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 3rd. Investors of record on Friday, May 20th will be issued a dividend of $0.09 per share. The ex-dividend date of this dividend is Thursday, May 19th. This represents a $0.36 annualized dividend and a yield of 1.04%. Federal Signal’s dividend payout ratio is presently 22.50%.

In other Federal Signal news, CEO Jennifer L. Sherman acquired 2,800 shares of the stock in a transaction dated Thursday, March 3rd. The stock was acquired at an average price of $34.60 per share, with a total value of $96,880.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 3.30% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. Toronto Dominion Bank bought a new stake in Federal Signal in the fourth quarter valued at about $529,000. Allspring Global Investments Holdings LLC bought a new position in Federal Signal in the 4th quarter worth approximately $8,606,000. Seizert Capital Partners LLC lifted its position in Federal Signal by 2.6% in the fourth quarter. Seizert Capital Partners LLC now owns 85,650 shares of the conglomerate’s stock worth $3,712,000 after purchasing an additional 2,166 shares during the period. Mariner LLC lifted its position in Federal Signal by 31.2% in the third quarter. Mariner LLC now owns 13,917 shares of the conglomerate’s stock worth $537,000 after purchasing an additional 3,311 shares during the period. Finally, Truist Financial Corp lifted its position in Federal Signal by 30.7% in the third quarter. Truist Financial Corp now owns 122,402 shares of the conglomerate’s stock worth $4,727,000 after purchasing an additional 28,725 shares during the period. 91.53% of the stock is owned by hedge funds and other institutional investors.

About Federal Signal (Get Rating)

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.

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Earnings History and Estimates for Federal Signal (NYSE:FSS)

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