Federal Signal Co. (NYSE:FSS) – Stock analysts at KeyCorp upped their FY2018 earnings per share (EPS) estimates for shares of Federal Signal in a research report issued to clients and investors on Thursday. KeyCorp analyst S. Barger now forecasts that the conglomerate will post earnings per share of $1.19 for the year, up from their prior estimate of $1.05.
A number of other research firms have also commented on FSS. Zacks Investment Research raised Federal Signal from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a research note on Monday, November 6th. ValuEngine lowered Federal Signal from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. Federal Signal presently has an average rating of “Hold” and a consensus target price of $22.50.
Federal Signal (NYSE:FSS) last announced its quarterly earnings results on Thursday, November 2nd. The conglomerate reported $0.24 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.03. The business had revenue of $249.00 million for the quarter, compared to analyst estimates of $240.30 million. Federal Signal had a return on equity of 11.39% and a net margin of 5.30%. Federal Signal’s quarterly revenue was up 33.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.17 EPS.
In other Federal Signal news, Director Brenda Reichelderfer sold 45,721 shares of the business’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $20.76, for a total value of $949,167.96. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Dennis J. Martin sold 45,172 shares of the business’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $21.90, for a total value of $989,266.80. The disclosure for this sale can be found here. In the last three months, insiders sold 110,172 shares of company stock worth $2,338,207. Insiders own 4.20% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the company. Quantbot Technologies LP acquired a new position in shares of Federal Signal during the third quarter valued at $120,000. Pinebridge Investments L.P. lifted its stake in shares of Federal Signal by 1.1% during the second quarter. Pinebridge Investments L.P. now owns 7,876 shares of the conglomerate’s stock valued at $137,000 after acquiring an additional 86 shares during the period. First Quadrant L P CA acquired a new position in shares of Federal Signal during the third quarter valued at $187,000. GW&K Investment Management LLC acquired a new position in shares of Federal Signal during the fourth quarter valued at $200,000. Finally, SG Americas Securities LLC acquired a new position in shares of Federal Signal during the third quarter valued at $212,000. 84.09% of the stock is currently owned by institutional investors and hedge funds.
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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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