Federal Signal Corp. (NYSE: FSS) has reported earnings for its second fiscal quarter (ending June 30) of $1.00 versus $0.66 for the same period a year ago — an increase of 52%. This result exceeded the consensus estimate of $0.84 by $0.16. For the latest four quarters through June 30, E.P.S. were $3.31 versus $2.22 for the same period a year ago — an increase of 49%.
Recent Price Action
Federal Signal Corp. (NYSE: FSS) stock increased 2.0% on 7/25/24. The shares closed at $96.38. Moreover, this advance was accompanied by unusually high trading volume at 195% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 2.1% during the last week.
Current PriceTarget Research Rating
FSS is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Federal Signal has a current Value Trend Rating of C (Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Federal Signal has a poor Appreciation Score of 19 but a good Power Rating of 78, leading to the Neutral Value Trend Rating.
Rating Review
In light of this encouraging new earnings information and positive market action we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
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