Federal Signal (NYSE:FSS) Updates FY24 Earnings Guidance

Federal Signal (NYSE:FSS) issued an update on its FY24 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $2.95-3.15 for the period, compared to the consensus estimate of $3.00. The company issued revenue guidance of $1.85-1.90 billion, compared to the consensus revenue estimate of $1.88 billion.

Federal Signal Price Performance

FSS opened at $85.22 on Tuesday. The company has a current ratio of 2.91, a quick ratio of 1.36 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $5.20 billion, a P/E ratio of 33.16 and a beta of 1.03. The stock has a 50-day moving average price of $82.24 and a 200-day moving average price of $75.06. Federal Signal has a 12-month low of $50.71 and a 12-month high of $88.47.

Federal Signal (NYSE:FSS) last released its earnings results on Tuesday, February 27th. The conglomerate reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.07. Federal Signal had a return on equity of 16.88% and a net margin of 9.14%. The company had revenue of $448.40 million during the quarter, compared to the consensus estimate of $422.45 million. During the same quarter in the previous year, the company posted $0.57 EPS. Federal Signal’s quarterly revenue was up 14.5% compared to the same quarter last year. Equities analysts predict that Federal Signal will post 2.99 earnings per share for the current fiscal year.

Federal Signal Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 17th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.56%. The ex-dividend date of this dividend is Thursday, May 16th. 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.