Federal Signal Corporation Buyback
OLI recorded this information on 3/13/2020
Company:
Federal Signal Corporation
Buyback:
FSS buyback
$Amount Authorized:
$75,000,000
Buyback Details:
Federal Signal Corporation (NYSE:FSS) (the "Company") today announced that its Board of Directors has authorized an additional stock repurchase program of up to $75 million of the Company's common stock. The repurchase program supplements the Board's prior authorization from November 2014, which had approximately $29 million of availability remaining as of December 31, 2019. The newly-authorized program is intended primarily to facilitate purchases of Company stock as a means to provide cash returns to stockholders, enhance stockholder returns and manage the Company's capital structure.
Federal Signal designs, manufactures and supplies a suite of products and solutions for municipal, governmental, industrial and commercial customers. Co. has two segments: the Environmental Solutions, which manufactures and supplies a range of street sweepers, sewer cleaners, industrial vacuum loaders, safe-digging trucks, waterblasting equipment, road-marking and line-removal equipment, dump truck bodies, trailers and metal extraction support equipment; and the Safety and Security Systems, which manufactures and supplies systems and products that law enforcement, fire rescue, emergency medical services, campuses, military facilities and industrial sites use to protect people and property.
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Avg. Broker Rec.
  
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Buy (2.67 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Analysts' Target Price: FSS Stock Forecast Based on Zacks ABR data; powered by Xignite |
