Federal Signal Corporation (NYSE:FSS – Get Free Report) has been given a consensus recommendation of “Moderate Buy” by the six analysts that are presently covering the company, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $135.25.
A number of research analysts have weighed in on FSS shares. Citigroup cut their price objective on shares of Federal Signal from $150.00 to $135.00 and set a “buy” rating on the stock in a research report on Monday, November 2nd. Weiss Ratings raised shares of Federal Signal from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, October 8th. Zacks Research lowered shares of Federal Signal from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 12th. DA Davidson dropped their price target on shares of Federal Signal from $132.00 to $126.00 and set a “neutral” rating for the company in a research note on Monday, November 2nd. Finally, Wall Street Zen downgraded shares of Federal Signal from a “buy” rating to a “hold” rating in a report on Saturday, August 1st.
Check Out Our Latest Stock Analysis on Federal Signal
Federal Signal Price Performance
NYSE:FSS opened at $113.15 on Thursday. The firm has a market capitalization of $6.90 billion, a price-to-earnings ratio of 23.48, a PEG ratio of 1.35 and a beta of 1.22. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.96 and a quick ratio of 1.35. The business has a 50 day simple moving average of $114.79 and a 200-day simple moving average of $115.71. Federal Signal has a 1 year low of $101.18 and a 1 year high of $134.51.
Federal Signal (NYSE:FSS – Get Free Report) last released its earnings results on Thursday, October 29th. The conglomerate reported $1.34 earnings per share for the quarter, beating the consensus estimate of $1.32 by $0.02. Federal Signal had a return on equity of 21.31% and a net margin of 11.65%. The firm had revenue of $655.50 million for the quarter, compared to the consensus estimate of $661.61 million. During the same quarter in the previous year, the company posted $1.14 EPS. The company’s revenue for the quarter was up 18.1% compared to the same quarter last year. Equities analysts forecast that Federal Signal will post 5.24 EPS for the current year.
Federal Signal Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Friday, November 13th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Friday, November 13th. Federal Signal’s dividend payout ratio is 12.45%.
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of the business. BlackRock Inc. purchased a new position in Federal Signal in the 2nd quarter worth about $1,236,004,000. Bank of America Corp DE purchased a new stake in Federal Signal in the 2nd quarter valued at about $78,503,000. Bank of New York Mellon Corp purchased a new stake in Federal Signal in the 2nd quarter valued at about $53,055,000. Neumeier Poma Investment Counsel LLC purchased a new stake in Federal Signal in the 2nd quarter valued at about $51,910,988. Finally, The Manufacturers Life Insurance Company purchased a new stake in Federal Signal in the 2nd quarter valued at about $50,910,000. Hedge funds and other institutional investors own 92.73% of the company’s stock.
Federal Signal Company Profile
Federal Signal Corporation (NYSE:FSS) designs and manufactures equipment and systems used by municipalities, government agencies, industrial organizations and commercial customers. Its products support public safety, infrastructure maintenance, environmental protection and emergency response activities.
The company operates through two principal business areas: Environmental Solutions and Safety and Security Systems. Environmental Solutions products include street sweepers, sewer cleaners, vacuum trucks, hydro-excavation equipment, dump bodies and snow and ice control equipment.
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