Federal Signal Corp. (FSS) Upgraded to Hold 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 report released 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 lowered Federal Signal Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, August 4th.
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Federal Signal Corp. (NYSE:FSS) traded down 0.23% during trading on Monday, reaching $13.13. The company’s stock had a trading volume of 184,755 shares. The stock has a market cap of $786.92 million, a P/E ratio of 15.41 and a beta of 1.27. The company’s 50 day moving average price is $13.14 and its 200-day moving average price is $13.14. Federal Signal Corp. has a 1-year low of $11.16 and a 1-year high of $17.23.
Federal Signal Corp. (NYSE:FSS) last issued its earnings results on Thursday, July 28th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by $0.02. Federal Signal Corp. had a return on equity of 13.54% and a net margin of 7.19%. The firm earned $172.30 million during the quarter, compared to the consensus estimate of $180.05 million. During the same quarter in the prior year, the business posted $0.29 EPS. The firm’s revenue for the quarter was down 16.1% on a year-over-year basis. Equities analysts forecast that Federal Signal Corp. will post $0.70 earnings per share for the current fiscal year.
A number of hedge funds have recently made changes to their positions in FSS. Teacher Retirement System of Texas raised its stake 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 purchased a new position in shares of Federal Signal Corp. during the second quarter valued at approximately $134,000. Societe Generale purchased a new position in shares of Federal Signal Corp. during the second quarter valued at approximately $151,000. SG Americas Securities LLC purchased a new position in shares of Federal Signal Corp. during the second quarter valued at approximately $151,000. Finally, Mason Street Advisors LLC purchased a new position in shares of Federal Signal Corp. during the second quarter valued at approximately $152,000. 83.37% of the stock is owned by institutional investors.
About Federal Signal Corp.
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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