Federal Signal (NYSE:FSS – Get Rating) had its target price boosted by KeyCorp from $44.00 to $51.00 in a report published on Monday, The Fly reports. They currently have an overweight rating on the conglomerate’s stock.
Separately, Raymond James decreased their price objective on shares of Federal Signal from $46.00 to $45.00 and set a strong-buy rating on the stock in a report on Tuesday, April 26th. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus target price of $48.25.
Federal Signal Stock Performance
NYSE:FSS opened at $41.76 on Monday. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.67 and a quick ratio of 1.23. The firm has a market capitalization of $2.53 billion, a price-to-earnings ratio of 24.99 and a beta of 0.96. The company’s 50-day moving average is $37.81 and its two-hundred day moving average is $35.80. Federal Signal has a 1-year low of $31.86 and a 1-year high of $48.88.
Federal Signal (NYSE:FSS – Get Rating) last posted its earnings results on Wednesday, July 27th. The conglomerate reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.06. The company had revenue of $367.00 million for the quarter, compared to analyst estimates of $364.80 million. Federal Signal had a net margin of 7.92% and a return on equity of 13.67%. Federal Signal’s revenue was up 9.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.50 EPS. Analysts forecast that Federal Signal will post 1.96 EPS for the current year.
Federal Signal Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 2nd. Shareholders of record on Friday, August 19th will be given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date of this dividend is Thursday, August 18th. Federal Signal’s dividend payout ratio is presently 21.56%.
Institutional Investors Weigh In On Federal Signal
A number of large investors have recently modified their holdings of the company. Maryland State Retirement & Pension System increased its position in shares of Federal Signal by 1.1% in the 4th quarter. Maryland State Retirement & Pension System now owns 24,347 shares of the conglomerate’s stock valued at $1,055,000 after purchasing an additional 271 shares during the last quarter. Profund Advisors LLC grew its position in shares of Federal Signal by 5.3% in the 1st quarter. Profund Advisors LLC now owns 6,384 shares of the conglomerate’s stock valued at $215,000 after buying an additional 319 shares during the last quarter. Great West Life Assurance Co. Can grew its position in shares of Federal Signal by 0.7% in the 1st quarter. Great West Life Assurance Co. Can now owns 53,455 shares of the conglomerate’s stock valued at $1,850,000 after buying an additional 366 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in Federal Signal by 9.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,216 shares of the conglomerate’s stock worth $142,000 after purchasing an additional 376 shares during the period. Finally, Eaton Vance Management boosted its stake in Federal Signal by 12.6% during the 4th quarter. Eaton Vance Management now owns 3,462 shares of the conglomerate’s stock worth $83,000 after purchasing an additional 388 shares during the period. 91.53% of the stock is owned by hedge funds and other institutional investors.
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.
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Source: defenseworld.net
