Federal Signal Corporation Plans Quarterly Dividend of $0.07 (FSS)
Federal Signal Corporation (NYSE:FSS) declared a quarterly dividend on Tuesday, October 24th, RTT News reports. Stockholders of record on Tuesday, November 14th will be paid a dividend of 0.07 per share by the conglomerate on Tuesday, December 5th. This represents a $0.28 annualized dividend and a dividend yield of 1.31%.
Federal Signal Corporation has a dividend payout ratio of 35.4% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Federal Signal Corporation to earn $1.04 per share next year, which means the company should continue to be able to cover its $0.28 annual dividend with an expected future payout ratio of 26.9%.
Shares of Federal Signal Corporation (NYSE:FSS) traded up 0.84% during trading on Tuesday, hitting $21.51. The stock had a trading volume of 73,489 shares. The company’s 50 day moving average price is $20.59 and its 200 day moving average price is $17.81. The stock has a market cap of $1.29 billion, a price-to-earnings ratio of 32.84 and a beta of 1.38. Federal Signal Corporation has a 12 month low of $11.68 and a 12 month high of $21.94.
Federal Signal Corporation (NYSE:FSS) last posted its quarterly earnings data on Tuesday, August 8th. The conglomerate reported $0.23 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.03. The firm had revenue of $224.40 million for the quarter, compared to the consensus estimate of $206.53 million. Federal Signal Corporation had a return on equity of 10.59% and a net margin of 5.20%. The company’s quarterly revenue was up 30.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.17 EPS. Equities research analysts expect that Federal Signal Corporation will post $0.79 earnings per share for the current fiscal year.
Separately, Zacks Investment Research upgraded Federal Signal Corporation from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a report on Thursday, August 10th. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $21.50.
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About Federal Signal Corporation
Federal Signal Corporation designs, manufactures and supplies a suite of products and integrated solutions for municipal, governmental, industrial and commercial customers. The Company’s segments include the Environmental Solutions Group and the Safety and Security Systems Group. Its Environmental Solutions Group manufactures and supplies a range of street sweeper vehicles, sewer cleaner and vacuum loader trucks, hydro-excavation trucks and waterblasting equipment.
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