Federal Signal Co. (NYSE:FSS) Declares Quarterly Dividend of $0.12

by · The Cerbat Gem

Federal Signal Co. (NYSE:FSS – Get Free Report) announced a quarterly dividend on Tuesday, October 22nd,RTT News reports. Stockholders of record on Friday, November 15th will be given a dividend of 0.12 per share by the conglomerate on Monday, December 2nd. This represents a $0.48 annualized dividend and a dividend yield of 0.52%. The ex-dividend date is Friday, November 15th.

Federal Signal has increased its dividend by an average of 6.8% per year over the last three years. Federal Signal has a payout ratio of 12.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect Federal Signal to earn $3.74 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 12.8%.

Federal Signal Trading Up 1.3 %

FSS opened at $92.39 on Thursday. Federal Signal has a twelve month low of $66.04 and a twelve month high of $102.18. The company has a quick ratio of 1.36, a current ratio of 2.83 and a debt-to-equity ratio of 0.19. The company has a fifty day moving average of $88.72 and a 200-day moving average of $88.92. The stock has a market cap of $5.65 billion, a PE ratio of 26.78 and a beta of 0.95.

Federal Signal (NYSE:FSS – Get Free Report) last issued its earnings results on Thursday, October 31st. The conglomerate reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.04. The business had revenue of $474.20 million for the quarter, compared to analyst estimates of $481.71 million. Federal Signal had a net margin of 11.57% and a return on equity of 18.46%. Federal Signal’s revenue was up 6.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.71 earnings per share. On average, sell-side analysts predict that Federal Signal will post 3.34 EPS for the current year.

Insider Buying and Selling at Federal Signal

In other Federal Signal news, Director Brenda Reichelderfer sold 25,685 shares of the firm’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $92.99, for a total value of $2,388,448.15. Following the transaction, the director now directly owns 57,417 shares of the company’s stock, valued at approximately $5,339,206.83. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.10% of the company’s stock.

Analysts Set New Price Targets

Separately, DA Davidson cut their target price on shares of Federal Signal from $94.00 to $90.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 5th.

Get Our Latest Analysis on FSS

About Federal Signal

(Get Free Report)

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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