Federal Signal (NYSE:FSS) Releases FY 2021 Earnings Guidance


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Federal Signal (NYSE:FSS) issued an update on its FY 2021 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 1.730-1.850 for the period, compared to the Thomson Reuters consensus estimate of $1.820. The company issued revenue guidance of -.Federal Signal also updated its FY21 guidance to $1.73-1.85 EPS.

Federal Signal stock traded down $0.44 during mid-day trading on Tuesday, reaching $41.24. The company had a trading volume of 244,714 shares, compared to its average volume of 262,016. Federal Signal has a fifty-two week low of $24.66 and a fifty-two week high of $42.49. The company has a current ratio of 2.63, a quick ratio of 1.39 and a debt-to-equity ratio of 0.35. The company has a market cap of $2.50 billion, a P/E ratio of 25.46, a P/E/G ratio of 1.24 and a beta of 1.11. The business has a fifty day simple moving average of $39.47 and a 200 day simple moving average of $35.06.

Federal Signal (NYSE:FSS) last released its quarterly earnings results on Tuesday, May 4th. The conglomerate reported $0.38 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.05. The firm had revenue of $278.80 million during the quarter, compared to the consensus estimate of $279.07 million. Federal Signal had a net margin of 8.68% and a return on equity of 16.12%. The company’s revenue for the quarter was down 2.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.39 earnings per share. Research analysts forecast that Federal Signal will post 1.64 EPS for the current year.

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

Several equities analysts have recently issued reports on FSS shares. Raymond James raised shares of Federal Signal from a market perform rating to a strong-buy rating and set a $45.00 price target for the company in a research note on Tuesday, April 27th. Zacks Investment Research raised shares of Federal Signal from a hold rating to a buy rating and set a $47.00 price target for the company in a research note on Tuesday.

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 transaction of $2,369,729.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 3.90% of the stock is owned by company insiders.

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 and Estimates for Federal Signal (NYSE:FSS)

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