Federal Signal Corporation (FSS) Releases Quarterly Earnings Results, Beats Expectations By $0.03 EPS
Federal Signal Corporation (NYSE:FSS) released its quarterly earnings data on Thursday. The conglomerate reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.03, Bloomberg Earnings reports. The business had revenue of $249.00 million during the quarter, compared to analyst estimates of $240.30 million. Federal Signal Corporation had a return on equity of 10.59% and a net margin of 5.20%. The company’s revenue was up 33.4% compared to the same quarter last year. During the same period last year, the company posted $0.17 EPS.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 5th. Stockholders of record on Tuesday, November 14th will be issued a $0.07 dividend. The ex-dividend date is Monday, November 13th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.31%. Federal Signal Corporation’s payout ratio is currently 42.42%.
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FSS has been the subject of a number of research analyst reports. BidaskClub upgraded Federal Signal Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, July 11th. Zacks Investment Research lowered Federal Signal Corporation from a “strong-buy” rating to a “hold” rating in a report on Monday, August 7th. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. Federal Signal Corporation presently has a consensus rating of “Buy” and a consensus price target of $21.50.
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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