Separately, Zacks Investment Research upgraded Federal Signal from a “hold” rating to a “strong-buy” rating and set a $28.00 target price on the stock in a research report on Monday, March 4th.
NYSE:FSS traded up $0.35 on Thursday, reaching $26.82. The company’s stock had a trading volume of 329,685 shares, compared to its average volume of 279,427. Federal Signal has a 12-month low of $18.59 and a 12-month high of $29.00. The company has a current ratio of 2.08, a quick ratio of 1.05 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $1.55 billion, a price-to-earnings ratio of 18.76 and a beta of 1.57. The company has a 50 day moving average of $25.33.
Federal Signal (NYSE:FSS) last posted its earnings results on Thursday, May 2nd. The conglomerate reported $0.30 EPS for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.04. Federal Signal had a return on equity of 17.57% and a net margin of 8.85%. The company had revenue of $273.80 million for the quarter, compared to the consensus estimate of $264.40 million. During the same quarter in the previous year, the business earned $0.23 earnings per share. The company’s revenue for the quarter was up 9.7% on a year-over-year basis. Research analysts anticipate that Federal Signal will post 1.57 earnings per share for the current fiscal year.
A number of large investors have recently bought and sold shares of the business. Rhumbline Advisers lifted its position in shares of Federal Signal by 21.1% during the 4th quarter. Rhumbline Advisers now owns 169,938 shares of the conglomerate’s stock valued at $3,382,000 after acquiring an additional 29,659 shares during the period. SG Americas Securities LLC lifted its position in shares of Federal Signal by 84.0% during the 4th quarter. SG Americas Securities LLC now owns 10,497 shares of the conglomerate’s stock valued at $209,000 after acquiring an additional 4,792 shares during the period. TD Asset Management Inc. acquired a new position in shares of Federal Signal during the 4th quarter valued at $201,000. Victory Capital Management Inc. lifted its position in shares of Federal Signal by 4.1% during the 4th quarter. Victory Capital Management Inc. now owns 15,489 shares of the conglomerate’s stock valued at $308,000 after acquiring an additional 604 shares during the period. Finally, Oregon Public Employees Retirement Fund acquired a new position in shares of Federal Signal during the 4th quarter valued at $456,000. Institutional investors own 89.12% of the company’s stock.
About Federal Signal
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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