Q1 2018 EPS Estimates for Federal Signal Corporation (FSS) Decreased by Analyst
Federal Signal Corporation (NYSE:FSS) – Research analysts at Seaport Global Securities dropped their Q1 2018 earnings per share (EPS) estimates for Federal Signal in a research report issued on Tuesday. Seaport Global Securities analyst W. Liptak now expects that the conglomerate will post earnings per share of $0.21 for the quarter, down from their prior forecast of $0.22. Seaport Global Securities also issued estimates for Federal Signal’s Q2 2018 earnings at $0.29 EPS, Q4 2018 earnings at $0.31 EPS and FY2018 earnings at $1.06 EPS.
Several other analysts have also recently weighed in on the stock. Zacks Investment Research cut shares of Federal Signal from a “buy” rating to a “hold” rating in a research note on Thursday. ValuEngine cut shares of Federal Signal from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $22.50.
Federal Signal (NYSE:FSS) last issued its quarterly earnings data on Thursday, November 2nd. The conglomerate reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.03. Federal Signal had a net margin of 5.30% and a return on equity of 11.39%. The business had revenue of $249.00 million during the quarter, compared to analysts’ expectations of $240.30 million. During the same quarter in the previous year, the company earned $0.17 EPS. The business’s revenue was up 33.4% on a year-over-year basis.
Large investors have recently modified their holdings of the company. Quantbot Technologies LP acquired a new position in shares of Federal Signal in the 3rd quarter valued at approximately $120,000. IFP Advisors Inc raised its position 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 valued at $119,000 after buying an additional 6,776 shares in the last quarter. Pinebridge Investments L.P. raised its position in shares of Federal Signal by 1.1% in the 2nd quarter. Pinebridge Investments L.P. now owns 7,876 shares of the conglomerate’s stock valued at $137,000 after buying an additional 86 shares in the last quarter. First Quadrant L P CA acquired a new position in shares of Federal Signal in the 3rd quarter valued at approximately $187,000. Finally, SG Americas Securities LLC acquired a new position in shares of Federal Signal in the 3rd quarter valued at approximately $212,000. Institutional investors own 84.12% of the company’s stock.
In other news, Director James E. Goodwin sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, November 24th. The shares were sold at an average price of $20.67, for a total value of $206,700.00. Following the completion of the transaction, the director now directly owns 122,929 shares in the company, valued at approximately $2,540,942.43. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Dennis J. Martin sold 45,172 shares of the business’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $21.90, for a total transaction of $989,266.80. The disclosure for this sale can be found here. Insiders sold a total of 110,172 shares of company stock valued at $2,338,207 over the last 90 days. Corporate insiders own 4.20% of the company’s stock.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 5th. Shareholders of record on Tuesday, November 14th were paid a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 1.37%. The ex-dividend date was Monday, November 13th. Federal Signal’s dividend payout ratio (DPR) is 38.36%.
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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