Federal Signal (NYSE:FSS) Releases FY 2024 Earnings Guidance

Federal Signal (NYSE:FSS) updated its FY 2024 earnings guidance on Thursday. The company provided EPS guidance of 3.300-3.400 for the period, compared to the consensus EPS estimate of 3.270. 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 $3.30-3.40 EPS.

Federal Signal Stock Up 0.3 %

Shares of FSS stock traded up $0.27 on Friday, hitting $81.84. The stock had a trading volume of 570,823 shares, compared to its average volume of 315,839. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.83 and a quick ratio of 1.35. The business has a 50 day moving average of $89.36 and a 200 day moving average of $88.61. Federal Signal has a 12-month low of $60.09 and a 12-month high of $102.18. The stock has a market cap of $5.00 billion, a price-to-earnings ratio of 23.72 and a beta of 0.95.

Federal Signal Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be paid a $0.12 dividend. The ex-dividend date is Friday, November 15th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.59%. Federal Signal’s payout ratio is presently 13.91%.

Insider Activity at Federal Signal

In other Federal Signal news, Director Brenda Reichelderfer sold 25,685 shares of the company’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $92.99, for a total value of $2,388,448.15. Following the completion of the transaction, the director now owns 57,417 shares in the company, valued at $5,339,206.83. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.10% of the stock is currently owned by company insiders.

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.