For its first fiscal quarter (ending March 31), Federal Signal Corp. (NYSE: FSS) has reported a 89% increase in E.P.S. from $0.45 a year ago to $0.85 in the current quarter. This performance was $0.19 better than the consensus estimate of $0.66. E.P.S. were $2.98 for the latest four quarters through March 31 versus $2.10 for the same period a year ago — an increase of 42%.
Recent Price Action
Federal Signal Corp. (NYSE: FSS) stock declined by -4.6% on 4/30/24. The shares closed at $81.30. Moreover, this decline was accompanied by unusually high trading volume at 197% of normal. The stock has been exceptionally strong relative to the market over the last nine months but has declined -0.9% during the last week.
Current PriceTarget Research Rating
FSS’ future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
Federal Signal has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Federal Signal has a poor Appreciation Score of 20 but a very high Power Rating of 88, producing the Neutral Value Trend Rating.
Rating Review
In light of this encouraging new earnings information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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