Federal Signal (NYSE:FSS) Releases Earnings Results, Beats Expectations By $0.05 EPS


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Federal Signal (NYSE:FSS) posted its earnings results on Tuesday. The conglomerate reported $0.38 EPS for the quarter, beating the consensus estimate of $0.33 by $0.05, MarketWatch Earnings reports. The firm had revenue of $278.80 million for the quarter, compared to analyst estimates of $279.07 million. Federal Signal had a return on equity of 16.12% and a net margin of 8.68%. Federal Signal’s revenue for the quarter was down 2.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.39 earnings per share. Federal Signal updated its FY21 guidance to $1.73-1.85 EPS and its FY 2021 guidance to 1.730-1.850 EPS.

NYSE:FSS traded down $0.52 during trading hours on Tuesday, reaching $41.16. 4,065 shares of the company’s stock were exchanged, compared to its average volume of 262,225. The company has a 50-day moving average of $39.43 and a 200 day moving average of $35.01. Federal Signal has a 1-year low of $24.66 and a 1-year high of $42.49. The company has a quick ratio of 1.39, a current ratio of 2.63 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $2.49 billion, a price-to-earnings ratio of 25.73, a P/E/G ratio of 1.24 and a beta of 1.11.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 2nd. Stockholders of record on Friday, May 21st will be given a dividend of $0.09 per share. The ex-dividend date is Thursday, May 20th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.87%. Federal Signal’s dividend payout ratio (DPR) is presently 20.11%.

In related news, CEO Jennifer L. Sherman sold 65,031 shares of Federal Signal stock in a transaction on Friday, March 5th. The shares were sold at an average price of $36.44, for a total value of $2,369,729.64. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 3.90% of the stock is currently owned by corporate insiders.

Separately, Raymond James upgraded Federal Signal from a “market perform” rating to a “strong-buy” rating and set a $45.00 price objective on the stock in a report on Tuesday, April 27th.

Federal Signal Company Profile

Federal Signal Corporation, together with its subsidiaries, designs, manufactures, and supplies a suite of products and integrated solutions for municipal, governmental, industrial, and commercial customers in the United States, Canada, Europe, and internationally. It operates through two segments, Environmental Solutions Group and Safety and Security Systems Group.

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Earnings History for Federal Signal (NYSE:FSS)

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