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Federal Signal Corporation (FSS) designs, manufactures, and supplies a suite of products and integrated solutions for municipal, governmental, industrial, and commercial customers in the United States, Canada, Europe, and internationally.
It operates through two segments, Environmental Solutions Group and Safety and Security Systems Group.
The Environmental Solutions Group segment offers a range of street sweeper vehicles, sewer cleaner and vacuum loader trucks, hydro-excavation trucks, water blasting equipment, dump truck bodies, and trailers under the Elgin, Vactor, Guzzler, Westech, Jetstream, Ox Bodies, Crysteel, J-Craft, Duraclass, Rugby, and Travis brand names.
It also offers refuse and recycling collection vehicles, camera systems, ice resurfacing equipment, and snow-removal equipment. In addition, this segment engages in the sale of parts, service and repair, equipment rental, and training activities.
The Safety and Security Systems Group segment provides systems and products for campus and community alerting, emergency vehicles, first responder interoperable communications, and industrial communications, as well as command and municipal networked security.
Its products include vehicle lightbars and sirens, public warning sirens, general alarm systems, public address systems, and public safety software. This segment sells its products under the Federal Signal, Federal Signal VAMA, and Victor brands. The company sells its products through wholesaler, distributor, independent manufacturer representative, original equipment manufacturer, and direct sales force, as well as independent foreign distributor. The company is scheduled to report its results on 10/31/2019. Estimates call for a profit of $0.42 per share. Ahead of that shares have formed a bullish cup and handle and are expected to move higher from this formation.
On July 31st, Federal Signal (FSS) reported 2nd Quarter June 2019 earnings of $0.55 per share on revenue of $324.3 million. The consensus earnings estimate was $0.46 per share on revenue of $304.7 million. Revenue grew 11.4% on a year-over-year basis.
The company said it expects 2019 earnings of $1.64 to $1.72 per share. The company's previous guidance was earnings of $1.50 to $1.60 per share and the current consensus earnings estimate is $1.57 per share for the year ending December 31, 2019.
Entry Point: $33.25
Trading Range: $18.59 to $34.12
Stop Loss: $31.60
Target Price: $36.58
Closed at $32.50
