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 Trading Up 1.6 %

FSS traded up $1.26 on Thursday, reaching $81.60. 282,235 shares of the company’s stock were exchanged, compared to its average volume of 351,965. The company’s 50 day moving average is $82.28 and its 200-day moving average is $75.24. The company has a market cap of $4.98 billion, a price-to-earnings ratio of 27.12 and a beta of 1.02. Federal Signal has a twelve month low of $50.71 and a twelve month high of $88.47. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.36 and a current ratio of 2.82.

Federal Signal (NYSE:FSS) last posted its earnings results on Tuesday, April 30th. The conglomerate reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.09. Federal Signal had a net margin of 10.31% and a return on equity of 17.36%. The firm had revenue of $424.90 million during the quarter, compared to the consensus estimate of $425.58 million. During the same quarter in the prior year, the company earned $0.46 EPS. The company’s revenue was up 10.2% on a year-over-year basis. Equities analysts predict that Federal Signal will post 2.99 earnings per share for the current year.

Federal Signal Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 17th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.59%. The ex-dividend date is Thursday, May 16th. Federal Signal’s dividend payout ratio (DPR) is 16.22%.

About Federal Signal

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.