Federal Signal Corp. (NYSE: FSS) has reported E.P.S. of $0.76 for its fourth fiscal quarter (ending December 31) versus $0.57 for the same period a year ago — an increase of 33%. This performance was $0.10 better than the consensus estimate of $0.66. For the latest four quarters through December 31, E.P.S. were $2.59 compared to $1.99 a year ago — an increase of 30%.
Recent Price Action
On 2/27/24, Federal Signal Corp. (NYSE: FSS) stock enjoyed a large increase of 2.6%, closing at $84.24. Moreover, trading volume in this advance was exceptionally high at 214% of normal. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 5.4% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, FSS is expected to continue to be an important Value Builder.
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 18 but a very high Power Rating of 87, with the Neutral Value Trend Rating the result.
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.
Be the first to comment