Analysts Set Expectations for Federal Signal Corporation’s Q3 2018 Earnings (FSS)
Federal Signal Corporation (NYSE:FSS) – Equities research analysts at Seaport Global Securities decreased their Q3 2018 earnings per share estimates for Federal Signal in a note issued to investors on Tuesday. Seaport Global Securities analyst W. Liptak now expects that the conglomerate will post earnings per share of $0.25 for the quarter, down from their previous estimate of $0.26.
A number of other equities analysts have also weighed in on the stock. ValuEngine lowered shares of Federal Signal from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Zacks Investment Research upgraded shares of Federal Signal from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a report on Monday, November 6th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Federal Signal has an average rating of “Buy” and a consensus price target of $22.50.
Federal Signal (NYSE:FSS) last issued its quarterly earnings results on Thursday, November 2nd. The conglomerate reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.03. Federal Signal had a return on equity of 11.39% and a net margin of 5.30%. The firm had revenue of $249.00 million for the quarter, compared to analysts’ expectations of $240.30 million. During the same period in the previous year, the firm posted $0.17 EPS. The business’s revenue for the quarter was up 33.4% compared to the same quarter last year.
Several large investors have recently bought and sold shares of FSS. IFP Advisors Inc increased its stake in shares of Federal Signal by 12,320.0% in the 2nd quarter. IFP Advisors Inc now owns 6,831 shares of the conglomerate’s stock worth $119,000 after purchasing an additional 6,776 shares in the last quarter. Quantbot Technologies LP bought a new position in Federal Signal in the 3rd quarter worth $120,000. Pinebridge Investments L.P. boosted its holdings in Federal Signal by 1.1% in the 2nd quarter. Pinebridge Investments L.P. now owns 7,876 shares of the conglomerate’s stock worth $137,000 after buying an additional 86 shares during the period. First Quadrant L P CA bought a new position in Federal Signal in the 3rd quarter worth $187,000. Finally, SG Americas Securities LLC bought a new position in Federal Signal in the 3rd quarter worth $212,000. Hedge funds and other institutional investors own 84.12% of the company’s stock.
In other Federal Signal news, Director James E. Goodwin sold 10,000 shares of the business’s stock in a transaction on Friday, November 24th. The shares were sold at an average price of $20.67, for a total transaction of $206,700.00. Following the completion of the sale, the director now directly owns 122,929 shares in the company, valued at approximately $2,540,942.43. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Brenda Reichelderfer sold 45,721 shares of the business’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $20.76, for a total transaction of $949,167.96. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 110,172 shares of company stock valued at $2,338,207. 4.20% of the stock is owned by company insiders.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 5th. Investors of record on Tuesday, November 14th were issued a $0.07 dividend. The ex-dividend date of this dividend was Monday, November 13th. This represents a $0.28 dividend on an annualized basis and a yield of 1.36%. Federal Signal’s payout ratio is currently 38.89%.
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About Federal Signal
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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