Federal Signal (NYSE:FSS – Get Rating) issued an update on its FY22 earnings guidance on Wednesday morning. The company provided EPS guidance of $1.85-2.00 for the period, compared to the consensus EPS estimate of $1.93.
Federal Signal Stock Performance
FSS opened at $37.81 on Wednesday. The business has a fifty day simple moving average of $35.43 and a 200-day simple moving average of $35.60. The firm has a market cap of $2.29 billion, a PE ratio of 23.63 and a beta of 0.92. Federal Signal has a fifty-two week low of $31.86 and a fifty-two week high of $48.88. The company has a quick ratio of 1.18, a current ratio of 2.56 and a debt-to-equity ratio of 0.42.
Federal Signal (NYSE:FSS – Get Rating) last posted its earnings results on Monday, May 2nd. The conglomerate reported $0.34 EPS for the quarter, topping the consensus estimate of $0.27 by $0.07. Federal Signal had a net margin of 7.82% and a return on equity of 13.74%. The company had revenue of $330.20 million during the quarter, compared to the consensus estimate of $307.88 million. As a group, equities analysts predict that Federal Signal will post 1.92 EPS for the current fiscal year.
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A number of equities analysts have issued reports on the company. Raymond James reduced their target price on Federal Signal from $46.00 to $45.00 and set a strong-buy rating on the stock in a report on Tuesday, April 26th. StockNews.com began coverage on shares of Federal Signal in a research note on Thursday, March 31st. They issued a hold rating on the stock. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of Moderate Buy and a consensus target price of $46.50.
Institutional Trading of Federal Signal
A number of institutional investors and hedge funds have recently made changes to their positions in the company. Point72 Hong Kong Ltd acquired a new stake in shares of Federal Signal in the 1st quarter valued at $51,000. Lazard Asset Management LLC acquired a new stake in Federal Signal during the 1st quarter worth approximately $52,000. PNC Financial Services Group Inc. grew its stake in shares of Federal Signal by 9.8% in the first 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 last quarter. Bridgefront Capital LLC bought a new stake in shares of Federal Signal in the 1st quarter valued at about $232,000. Finally, Captrust Financial Advisors increased its position in Federal Signal by 30.9% during the 1st quarter. Captrust Financial Advisors now owns 8,925 shares of the conglomerate’s stock valued at $302,000 after purchasing an additional 2,109 shares during the period. Institutional investors own 91.53% of the company’s stock.
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.
See Also
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