Federal Signal Corporation (NYSE:FSS) Plans Quarterly Dividend of $0.15

Federal Signal Corporation (NYSE:FSSGet Free Report) announced a quarterly dividend on Tuesday, July 28th. Stockholders of record on Friday, August 14th will be paid a dividend of 0.15 per share by the conglomerate on Thursday, August 27th. This represents a c) dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Friday, August 14th.

Federal Signal has raised its dividend by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 3 consecutive years. Federal Signal has a payout ratio of 14.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Federal Signal to earn $5.52 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 10.9%.

Federal Signal Stock Down 0.7%

NYSE:FSS opened at $117.53 on Wednesday. The firm’s 50-day moving average price is $116.68 and its 200-day moving average price is $114.79. The company has a market capitalization of $7.17 billion, a PE ratio of 26.71, a P/E/G ratio of 1.71 and a beta of 1.23. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.84 and a quick ratio of 1.29. Federal Signal has a 1-year low of $101.18 and a 1-year high of $134.51.

Federal Signal (NYSE:FSSGet Free Report) last issued its quarterly earnings results on Wednesday, April 29th. The conglomerate reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.29. Federal Signal had a net margin of 11.56% and a return on equity of 21.18%. The company had revenue of $625.60 million during the quarter, compared to analysts’ expectations of $579.87 million. During the same period last year, the company posted $0.76 EPS. Federal Signal’s revenue was up 35.0% on a year-over-year basis. On average, equities analysts predict that Federal Signal will post 4.94 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

FSS has been the topic of a number of recent research reports. Wall Street Zen upgraded shares of Federal Signal from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. KeyCorp reiterated an “overweight” rating and set a $140.00 target price on shares of Federal Signal in a report on Thursday, April 30th. DA Davidson boosted their price target on Federal Signal from $125.00 to $132.00 and gave the stock a “neutral” rating in a research report on Friday, May 1st. Weiss Ratings raised Federal Signal from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, June 23rd. Finally, Zacks Research raised Federal Signal from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $139.25.

Check Out Our Latest Stock Analysis on Federal Signal

About Federal Signal

(Get Free Report)

Federal Signal Corporation (NYSE: FSS), headquartered in Oak Brook, Illinois, is a diversified industrial company that designs, manufactures and markets a broad range of products and services for municipal, commercial and industrial customers worldwide. Founded in 1901 in Chicago, the company has grown through a combination of organic investment and strategic acquisitions to become a leading provider of environmental management and safety and security solutions.

Federal Signal operates through two primary business segments.

Further Reading

Dividend History for Federal Signal (NYSE:FSS)

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