Zacks Investment Research downgraded shares of Federal Signal (NYSE:FSS) from a buy rating to a hold rating in a report released on Thursday morning.
According to Zacks, “Federal Signal Corporation (NYSE:FSS) is a leader in environmental and safety solutions. It provides products and services to protect people and the planet. Federal Signal is a leading global designer, manufacturer and supplier of products of and total solutions that serve municipal, governmental, industrial and commercial customers. With manufacturing facilities worldwide, the company operates through the following business segments: Environmental Solutions and Safety and Security Systems. Federal Signal is best known for its variety of emergency lighting, sirens, industrial equipment, and public safety solutions under brands including Federal Signal, Elgin, Guzzler, Jetstream, Vactor and Victor. Federal Signal Corporation is headquartered in Oak Brook, IL. “
FSS has been the topic of a number of other research reports. ValuEngine upgraded Federal Signal from a hold rating to a buy rating in a report on Wednesday, February 28th. Sidoti assumed coverage on Federal Signal in a research report on Tuesday, February 20th. They set a neutral rating for the company. Finally, Seaport Global Securities reissued a buy rating on shares of Federal Signal in a research report on Thursday, March 1st. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus target price of $27.00.
NYSE FSS opened at $24.16 on Thursday. Federal Signal has a 12 month low of $15.47 and a 12 month high of $24.86. The company has a current ratio of 2.45, a quick ratio of 1.28 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $1.45 billion, a PE ratio of 28.42 and a beta of 1.16.
Federal Signal (NYSE:FSS) last issued its quarterly earnings results on Tuesday, May 8th. The conglomerate reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.03. Federal Signal had a return on equity of 12.83% and a net margin of 6.93%. The business had revenue of $249.70 million for the quarter, compared to the consensus estimate of $239.80 million. During the same quarter in the previous year, the company posted $0.14 earnings per share. Federal Signal’s revenue for the quarter was up 40.4% compared to the same quarter last year. equities research analysts anticipate that Federal Signal will post 1.2 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 29th. Investors of record on Tuesday, May 15th will be given a dividend of $0.08 per share. This is a boost from Federal Signal’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend is Monday, May 14th. This represents a $0.32 dividend on an annualized basis and a yield of 1.32%. Federal Signal’s dividend payout ratio (DPR) is presently 37.65%.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its position in Federal Signal by 1.3% during the first quarter. BlackRock Inc. now owns 7,630,644 shares of the conglomerate’s stock valued at $168,027,000 after purchasing an additional 99,735 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC lifted its position in shares of Federal Signal by 0.8% in the first quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,158,351 shares of the conglomerate’s stock worth $69,546,000 after buying an additional 26,201 shares during the last quarter. Brown Advisory Inc. lifted its position in shares of Federal Signal by 18.0% in the fourth quarter. Brown Advisory Inc. now owns 1,477,758 shares of the conglomerate’s stock worth $29,689,000 after buying an additional 225,288 shares during the last quarter. Macquarie Group Ltd. lifted its position in shares of Federal Signal by 9.3% in the fourth quarter. Macquarie Group Ltd. now owns 1,419,884 shares of the conglomerate’s stock worth $28,525,000 after buying an additional 120,510 shares during the last quarter. Finally, Lord Abbett & CO. LLC lifted its position in shares of Federal Signal by 11.1% in the first quarter. Lord Abbett & CO. LLC now owns 1,331,202 shares of the conglomerate’s stock worth $29,313,000 after buying an additional 133,400 shares during the last quarter. 85.14% of the stock is owned by hedge funds and other institutional investors.
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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