Federal Signal (NYSE:FSS) Issues FY 2024 Earnings Guidance

Federal Signal (NYSE:FSS) updated its FY 2024 earnings guidance on Tuesday. The company provided earnings per share guidance of 2.950-3.150 for the period, compared to the consensus earnings per share estimate of 3.000. The company issued revenue guidance of $1.9 billion-$1.9 billion, compared to the consensus revenue estimate of $1.9 billion. Federal Signal also updated its FY24 guidance to $2.95-3.15 EPS.

Federal Signal Stock Down 2.8 %

Shares of NYSE:FSS traded down $2.40 during trading on Tuesday, reaching $82.78. The stock had a trading volume of 112,233 shares, compared to its average volume of 343,223. The firm’s 50-day simple moving average is $82.24 and its 200 day simple moving average is $75.06. The company has a market capitalization of $5.05 billion, a P/E ratio of 32.29 and a beta of 1.03. The company has a current ratio of 2.91, a quick ratio of 1.36 and a debt-to-equity ratio of 0.29. Federal Signal has a one year low of $50.71 and a one year high of $88.47.

Federal Signal (NYSE:FSS) last announced its quarterly earnings data on Tuesday, February 27th. The conglomerate reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.07. The business had revenue of $448.40 million for the quarter, compared to analyst estimates of $422.45 million. Federal Signal had a return on equity of 16.88% and a net margin of 9.14%. The company’s revenue was up 14.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.57 earnings per share. As a group, research analysts expect that Federal Signal will post 2.99 EPS for the current fiscal year.

Federal Signal Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 17th will be paid a $0.12 dividend. The ex-dividend date is Thursday, May 16th. This represents a $0.48 dividend on an annualized basis and a yield of 0.58%. Federal Signal’s dividend payout ratio is currently 18.68%.

Federal Signal Company Profile

Federal Signal Corp. engages in the design and manufacture of products and integrated solutions for municipal, governmental, industrial, and commercial customers. It operates through the Environmental Solutions Group and Safety and Security Systems Group segments. The Environment Solutions Group segment is involved in the manufacture and supply of street sweeper vehicles, sewer cleaners, vacuum loader trucks, hydro-excavation trucks, and water blasting equipment.