Federal Signal Corporation (NYSE:FSS) Receives $123.00 Average PT from Brokerages

Shares of Federal Signal Corporation (NYSE:FSS) have earned a consensus recommendation of “Hold” from the six research firms that are currently covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $123.00.

A number of equities research analysts have recently issued reports on the company. CJS Securities restated a “market perform” rating and issued a $125.00 price target on shares of Federal Signal in a research report on Thursday, July 31st. KeyCorp restated a “sector weight” rating on shares of Federal Signal in a research report on Friday, July 11th. DA Davidson upped their price target on Federal Signal from $100.00 to $112.00 and gave the company a “neutral” rating in a research report on Thursday, July 31st. Zacks Research lowered Federal Signal from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 29th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Federal Signal in a research report on Saturday, September 27th.

Federal Signal Price Performance

NYSE:FSS opened at $118.61 on Wednesday. Federal Signal has a 12 month low of $66.47 and a 12 month high of $130.30. The stock has a 50 day moving average of $123.92 and a two-hundred day moving average of $103.17. The company has a current ratio of 2.60, a quick ratio of 1.25 and a debt-to-equity ratio of 0.20. The firm has a market cap of $7.21 billion, a P/E ratio of 33.04, a price-to-earnings-growth ratio of 2.11 and a beta of 1.29.

Federal Signal (NYSE:FSS) last posted its quarterly earnings data on Wednesday, July 30th. The conglomerate reported $1.17 EPS for the quarter, topping the consensus estimate of $1.06 by $0.11. The company had revenue of $564.60 million during the quarter, compared to analyst estimates of $537.24 million. Federal Signal had a return on equity of 18.91% and a net margin of 11.22%.Federal Signal’s quarterly revenue was up 15.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.95 EPS. Federal Signal has set its FY 2025 guidance at 3.920-4.100 EPS. On average, analysts expect that Federal Signal will post 3.34 earnings per share for the current fiscal year.

Federal Signal Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Friday, August 15th were given a $0.14 dividend. The ex-dividend date was Friday, August 15th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.5%. Federal Signal’s dividend payout ratio is 15.60%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC grew its position in Federal Signal by 140.6% in the second quarter. EverSource Wealth Advisors LLC now owns 243 shares of the conglomerate’s stock worth $26,000 after acquiring an additional 142 shares during the period. Opal Wealth Advisors LLC purchased a new position in Federal Signal in the first quarter worth approximately $29,000. Bessemer Group Inc. grew its position in Federal Signal by 78.4% in the first quarter. Bessemer Group Inc. now owns 421 shares of the conglomerate’s stock worth $31,000 after acquiring an additional 185 shares during the period. Physician Wealth Advisors Inc. grew its position in Federal Signal by 47.0% in the second quarter. Physician Wealth Advisors Inc. now owns 291 shares of the conglomerate’s stock worth $31,000 after acquiring an additional 93 shares during the period. Finally, MAI Capital Management grew its position in Federal Signal by 1,003.8% in the second quarter. MAI Capital Management now owns 287 shares of the conglomerate’s stock worth $31,000 after acquiring an additional 261 shares during the period. 92.73% of the stock is currently owned by hedge funds and other institutional investors.

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.