Seaport Res Ptn Lifts Earnings Estimates for Federal Signal

Federal Signal Co. (NYSE:FSS) – Stock analysts at Seaport Res Ptn raised their Q4 2024 EPS estimates for shares of Federal Signal in a research note issued to investors on Monday, November 11th. Seaport Res Ptn analyst W. Liptak now anticipates that the conglomerate will earn $0.87 per share for the quarter, up from their prior estimate of $0.78. The consensus estimate for Federal Signal’s current full-year earnings is $3.34 per share. Seaport Res Ptn also issued estimates for Federal Signal’s Q1 2025 earnings at $0.71 EPS and Q2 2025 earnings at $1.02 EPS.

Federal Signal (NYSE:FSS) last released its earnings results on Thursday, October 31st. The conglomerate reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.04. Federal Signal had a net margin of 11.57% and a return on equity of 18.46%. The business had revenue of $474.20 million for the quarter, compared to analyst estimates of $481.71 million. During the same quarter in the previous year, the business earned $0.71 earnings per share. Federal Signal’s revenue for the quarter was up 6.2% on a year-over-year basis.

Separately, DA Davidson lowered their target price on Federal Signal from $94.00 to $90.00 and set a “neutral” rating for the company in a report on Tuesday, November 5th.

Federal Signal Stock Down 1.8 %

Shares of NYSE:FSS opened at $90.71 on Thursday. Federal Signal has a 1 year low of $68.02 and a 1 year high of $102.18. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.83 and a quick ratio of 1.36. The business’s 50-day moving average is $88.81 and its 200-day moving average is $88.95. The company has a market capitalization of $5.54 billion, a price-to-earnings ratio of 26.70 and a beta of 0.95.

Institutional Trading of Federal Signal

Hedge funds have recently bought and sold shares of the business. Assenagon Asset Management S.A. raised its holdings in Federal Signal by 113.4% during the third quarter. Assenagon Asset Management S.A. now owns 398,031 shares of the conglomerate’s stock worth $37,200,000 after buying an additional 211,555 shares during the last quarter. Millennium Management LLC lifted its position in Federal Signal by 77.8% in the 2nd quarter. Millennium Management LLC now owns 445,776 shares of the conglomerate’s stock valued at $37,298,000 after acquiring an additional 195,017 shares in the last quarter. Driehaus Capital Management LLC boosted its stake in Federal Signal by 20.3% during the 2nd quarter. Driehaus Capital Management LLC now owns 912,392 shares of the conglomerate’s stock valued at $76,340,000 after purchasing an additional 153,765 shares during the last quarter. PineStone Asset Management Inc. bought a new stake in Federal Signal during the 2nd quarter worth approximately $11,982,000. Finally, F M Investments LLC purchased a new stake in shares of Federal Signal in the second quarter worth approximately $11,058,000. Institutional investors and hedge funds own 92.73% of the company’s stock.

Insiders Place Their Bets

In other Federal Signal news, Director Brenda Reichelderfer sold 25,685 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $92.99, for a total value of $2,388,448.15. Following the completion of the sale, the director now owns 57,417 shares of the company’s stock, valued at approximately $5,339,206.83. This trade represents a 30.91 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 3.10% of the company’s stock.

Federal Signal Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders 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 yield of 0.53%. The ex-dividend date of this dividend is Friday, November 15th. Federal Signal’s payout ratio is 13.91%.

Federal Signal Company Profile

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.