Federal Signal (NYSE:FSS) Updates 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 Up 1.6 %

Shares of NYSE FSS traded up $1.26 during mid-day trading on Thursday, reaching $81.60. 282,235 shares of the company’s stock were exchanged, compared to its average volume of 351,965. The firm has a market capitalization of $4.98 billion, a price-to-earnings ratio of 27.12 and a beta of 1.02. The company has a current ratio of 2.82, a quick ratio of 1.36 and a debt-to-equity ratio of 0.26. The business has a fifty day simple moving average of $82.28 and a 200 day simple moving average of $75.24. Federal Signal has a twelve month low of $50.71 and a twelve month high of $88.47.

Federal Signal (NYSE:FSS) last released its quarterly earnings results on Tuesday, April 30th. The conglomerate reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.09. Federal Signal had a return on equity of 17.36% and a net margin of 10.31%. The company had revenue of $424.90 million for the quarter, compared to analyst estimates of $425.58 million. During the same quarter last year, the firm posted $0.46 earnings per share. Federal Signal’s revenue was up 10.2% compared to the same quarter last year. As a group, equities 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. Shareholders of record on Friday, May 17th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $0.48 dividend on an annualized basis and a yield of 0.59%. Federal Signal’s dividend payout ratio is 16.22%.

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.