Federal Signal Corporation (NYSE:FSS) Receives Consensus Recommendation of “Buy” from Brokerages

Shares of Federal Signal Corporation (NYSE:FSS) have been given a consensus recommendation of “Buy” by the six brokerages that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $139.25.

Several research firms have recently weighed in on FSS. DA Davidson boosted their target price on Federal Signal from $125.00 to $132.00 and gave the company a “neutral” rating in a research report on Friday, May 1st. Weiss Ratings upgraded Federal Signal from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, June 23rd. Zacks Research raised shares of Federal Signal from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 4th. KeyCorp reiterated an “overweight” rating and set a $140.00 price objective on shares of Federal Signal in a research report on Thursday, April 30th. Finally, Wall Street Zen raised shares of Federal Signal from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd.

Institutional Trading of Federal Signal

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FSS. EverSource Wealth Advisors LLC lifted its stake in Federal Signal by 140.6% in the second quarter. EverSource Wealth Advisors LLC now owns 243 shares of the conglomerate’s stock worth $26,000 after purchasing an additional 142 shares during the last quarter. Palladiem LLC bought a new position in shares of Federal Signal during the fourth quarter valued at approximately $27,000. Physician Wealth Advisors Inc. raised its holdings in shares of Federal Signal by 57.2% in the first quarter. Physician Wealth Advisors Inc. now owns 250 shares of the conglomerate’s stock worth $27,000 after buying an additional 91 shares during the period. Covestor Ltd raised its holdings in shares of Federal Signal by 118.0% in the fourth quarter. Covestor Ltd now owns 279 shares of the conglomerate’s stock worth $30,000 after buying an additional 151 shares during the period. Finally, Caitong International Asset Management Co. Ltd lifted its stake in shares of Federal Signal by 3,100.0% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 256 shares of the conglomerate’s stock worth $30,000 after acquiring an additional 248 shares during the last quarter. 92.73% of the stock is owned by hedge funds and other institutional investors.

Federal Signal Stock Up 2.8%

Shares of FSS opened at $131.12 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.84 and a quick ratio of 1.29. The stock has a market capitalization of $8.00 billion, a price-to-earnings ratio of 29.80, a price-to-earnings-growth ratio of 1.84 and a beta of 1.23. Federal Signal has a 1 year low of $101.18 and a 1 year high of $132.89. The business’s 50 day simple moving average is $115.67 and its 200-day simple moving average is $113.84.

Federal Signal (NYSE:FSS) last issued its quarterly earnings data on Wednesday, April 29th. The conglomerate reported $1.18 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.29. Federal Signal had a return on equity of 21.18% and a net margin of 11.56%.The company had revenue of $625.60 million for the quarter, compared to analysts’ expectations of $579.87 million. During the same period in the previous year, the firm posted $0.76 earnings per share. The firm’s revenue for the quarter was up 35.0% on a year-over-year basis. Federal Signal has set its FY 2026 guidance at 4.800-5.050 EPS. As a group, equities analysts expect that Federal Signal will post 4.94 earnings per share for the current fiscal year.

Federal Signal Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 15th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, May 15th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.5%. Federal Signal’s payout ratio is currently 13.64%.

Federal Signal Company Profile

Federal Signal Corporation (NYSE: FSS), headquartered in Oak Brook, Illinois, is a diversified industrial company that designs, manufactures and markets a broad range of products and services for municipal, commercial and industrial customers worldwide. Founded in 1901 in Chicago, the company has grown through a combination of organic investment and strategic acquisitions to become a leading provider of environmental management and safety and security solutions.

Federal Signal operates through two primary business segments.