Federal Signal Corp. (FSS) Upgraded at Zacks Investment Research
Federal Signal Corp. (NYSE:FSS) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Monday.
According to Zacks, “Federal Signal Corporation is a manufacturer and worldwide supplier of safety, signaling and communications equipment, hazardous area lighting, fire rescue products, street sweeping and vacuum loader vehicles, parking control equipment, custom on-premise signage, carbide cutting tools, precision punches and related die components. “
Separately, TheStreet downgraded shares of Federal Signal Corp. from a “buy” rating to a “hold” rating in a research report on Thursday, August 4th.
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Federal Signal Corp. (NYSE:FSS) traded down 0.23% during midday trading on Monday, reaching $13.13. 184,755 shares of the company were exchanged. Federal Signal Corp. has a one year low of $11.16 and a one year high of $17.23. The firm has a market cap of $786.92 million, a P/E ratio of 15.41 and a beta of 1.27. The firm’s 50-day moving average is $13.14 and its 200-day moving average is $13.14.
Federal Signal Corp. (NYSE:FSS) last released its earnings results on Thursday, July 28th. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.19 by $0.02. The firm earned $172.30 million during the quarter, compared to analysts’ expectations of $180.05 million. Federal Signal Corp. had a return on equity of 13.54% and a net margin of 7.19%. The business’s revenue was down 16.1% on a year-over-year basis. During the same period last year, the business earned $0.29 earnings per share. On average, equities analysts expect that Federal Signal Corp. will post $0.70 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Teacher Retirement System of Texas increased its position in shares of Federal Signal Corp. by 8.0% in the second quarter. Teacher Retirement System of Texas now owns 8,676 shares of the company’s stock worth $112,000 after buying an additional 639 shares during the last quarter. AHL Partners LLP bought a new position in shares of Federal Signal Corp. during the second quarter worth approximately $134,000. Societe Generale bought a new position in shares of Federal Signal Corp. during the second quarter worth approximately $151,000. SG Americas Securities LLC bought a new position in shares of Federal Signal Corp. during the second quarter worth approximately $151,000. Finally, Mason Street Advisors LLC bought a new position in shares of Federal Signal Corp. during the second quarter worth approximately $152,000. 83.37% of the stock is currently owned by hedge funds and other institutional investors.
Federal Signal Corp. Company Profile
Federal Signal Corporation designs and manufactures products and integrated solutions for municipal governmental industrial and commercial customers. The Company operates through two segments: Environmental Solutions Group, and Safety and Security Systems Group. Environmental Solutions Group is manufacturer and supplier of a range of street sweeper vehicles, sewer cleaner and vacuum loader trucks, hydro-excavation trucks and waterblasting equipment.
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