Zacks: Brokerages Anticipate Federal Signal Co. (FSS) Will Post Quarterly Sales of $271.40 Million

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Equities research analysts expect Federal Signal Co. (NYSE:FSS) to report sales of $271.40 million for the current quarter, according to Zacks. Three analysts have provided estimates for Federal Signal’s earnings, with the highest sales estimate coming in at $282.00 million and the lowest estimate coming in at $265.30 million. Federal Signal posted sales of $247.60 million in the same quarter last year, which would indicate a positive year over year growth rate of 9.6%. The firm is scheduled to report its next earnings report on Wednesday, February 27th.

According to Zacks, analysts expect that Federal Signal will report full year sales of $1.08 billion for the current fiscal year, with estimates ranging from $1.08 billion to $1.09 billion. For the next financial year, analysts forecast that the business will report sales of $1.15 billion, with estimates ranging from $1.15 billion to $1.16 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Federal Signal.

Federal Signal (NYSE:FSS) last posted its earnings results on Tuesday, November 6th. The conglomerate reported $0.36 EPS for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.04. Federal Signal had a return on equity of 16.15% and a net margin of 8.69%. The business had revenue of $269.40 million for the quarter, compared to analysts’ expectations of $267.15 million. During the same quarter in the previous year, the firm earned $0.24 earnings per share. The business’s revenue was up 8.3% compared to the same quarter last year.

A number of research firms have recently commented on FSS. Zacks Investment Research cut Federal Signal from a “buy” rating to a “hold” rating in a research report on Monday, July 16th. ValuEngine lowered Federal Signal from a “buy” rating to a “hold” rating in a report on Tuesday, October 23rd.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its holdings in shares of Federal Signal by 3.9% during the third quarter. BlackRock Inc. now owns 8,509,443 shares of the conglomerate’s stock worth $227,884,000 after buying an additional 323,261 shares during the last quarter. Macquarie Group Ltd. grew its holdings in shares of Federal Signal by 11.9% during the second quarter. Macquarie Group Ltd. now owns 1,760,311 shares of the conglomerate’s stock worth $40,998,000 after buying an additional 187,150 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Federal Signal by 4.5% during the third quarter. Bank of New York Mellon Corp now owns 846,360 shares of the conglomerate’s stock worth $22,666,000 after buying an additional 36,575 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Federal Signal by 13.1% during the second quarter. Northern Trust Corp now owns 840,211 shares of the conglomerate’s stock worth $19,569,000 after buying an additional 97,060 shares during the last quarter. Finally, Royce & Associates LP grew its holdings in shares of Federal Signal by 1.6% during the second quarter. Royce & Associates LP now owns 837,548 shares of the conglomerate’s stock worth $19,506,000 after buying an additional 13,382 shares during the last quarter. 88.45% of the stock is currently owned by hedge funds and other institutional investors.

Shares of FSS traded down $0.64 during midday trading on Monday, reaching $22.79. 334,474 shares of the stock were exchanged, compared to its average volume of 273,051. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.17 and a current ratio of 2.03. Federal Signal has a twelve month low of $18.37 and a twelve month high of $28.32. The stock has a market capitalization of $1.47 billion, a P/E ratio of 26.81 and a beta of 1.45.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 27th. Investors of record on Tuesday, November 13th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date is Friday, November 9th. Federal Signal’s dividend payout ratio is currently 37.65%.

About Federal Signal

Federal Signal Corporation, together with its subsidiaries, designs, manufactures, and supplies a suite of products and integrated solutions for municipal, governmental, industrial, and commercial customers in the United States, Canada, Europe, and internationally. It operates through two segments, Environmental Solutions Group and Safety and Security Systems Group.

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