Equities analysts predict that MSA Safety Incorporporated (NYSE:MSA) will report $328.76 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for MSA Safety Incorporporated’s earnings, with estimates ranging from $324.75 million to $331.30 million. MSA Safety Incorporporated reported sales of $296.03 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 11.1%. The company is expected to issue its next earnings report on Thursday, February 22nd.
According to Zacks, analysts expect that MSA Safety Incorporporated will report full-year sales of $328.76 million for the current year. For the next financial year, analysts forecast that the company will report sales of $1.29 billion per share. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for MSA Safety Incorporporated.
MSA Safety Incorporporated (NYSE:MSA) last released its quarterly earnings results on Thursday, October 19th. The industrial products company reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.13. MSA Safety Incorporporated had a return on equity of 20.56% and a net margin of 7.32%. The firm had revenue of $296.13 million for the quarter, compared to analysts’ expectations of $298.47 million. During the same quarter last year, the firm posted $0.72 EPS. The company’s revenue was up 6.4% compared to the same quarter last year.
A number of equities analysts recently weighed in on MSA shares. Zacks Investment Research raised MSA Safety Incorporporated from a “hold” rating to a “buy” rating and set a $88.00 price objective on the stock in a report on Thursday, November 9th. Stifel Nicolaus reissued a “buy” rating and set a $91.00 price objective on shares of MSA Safety Incorporporated in a report on Friday, August 4th. BidaskClub cut MSA Safety Incorporporated from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 1st. Robert W. Baird cut MSA Safety Incorporporated from an “outperform” rating to a “neutral” rating and set a $80.00 price objective on the stock. in a report on Tuesday, October 3rd. Finally, Barrington Research reissued a “market perform” rating on shares of MSA Safety Incorporporated in a report on Monday, October 23rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $89.00.
In related news, CEO William M. Lambert sold 1,200 shares of the firm’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $80.00, for a total transaction of $96,000.00. Following the transaction, the chief executive officer now directly owns 164,737 shares in the company, valued at approximately $13,178,960. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director John T. Ryan III sold 32,100 shares of the firm’s stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $71.43, for a total value of $2,292,903.00. Following the transaction, the director now owns 1,025,013 shares in the company, valued at $73,216,678.59. The disclosure for this sale can be found here. Over the last three months, insiders have sold 88,505 shares of company stock worth $6,733,500. 15.53% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Principal Financial Group Inc. grew its position in MSA Safety Incorporporated by 96.4% during the 2nd quarter. Principal Financial Group Inc. now owns 851,097 shares of the industrial products company’s stock worth $69,084,000 after acquiring an additional 417,796 shares during the last quarter. Chicago Equity Partners LLC bought a new position in MSA Safety Incorporporated during the 2nd quarter worth approximately $1,098,000. California Public Employees Retirement System grew its position in MSA Safety Incorporporated by 7.9% during the 2nd quarter. California Public Employees Retirement System now owns 53,500 shares of the industrial products company’s stock worth $4,343,000 after acquiring an additional 3,900 shares during the last quarter. Parametrica Management Ltd grew its position in MSA Safety Incorporporated by 92.4% during the 2nd quarter. Parametrica Management Ltd now owns 5,743 shares of the industrial products company’s stock worth $466,000 after acquiring an additional 2,758 shares during the last quarter. Finally, Prudential Financial Inc. grew its position in MSA Safety Incorporporated by 107.4% during the 2nd quarter. Prudential Financial Inc. now owns 57,353 shares of the industrial products company’s stock worth $4,655,000 after acquiring an additional 29,701 shares during the last quarter. Institutional investors and hedge funds own 66.79% of the company’s stock.
MSA Safety Incorporporated (MSA) remained flat at $$79.38 during trading hours on Tuesday. 84,884 shares of the stock traded hands, compared to its average volume of 211,948. MSA Safety Incorporporated has a fifty-two week low of $61.75 and a fifty-two week high of $85.80. The stock has a market cap of $2,970.00, a PE ratio of 25.32 and a beta of 1.67. The company has a current ratio of 2.11, a quick ratio of 1.52 and a debt-to-equity ratio of 0.72.
The company also recently disclosed a quarterly dividend, which will be paid on Sunday, December 10th. Investors of record on Tuesday, November 14th will be issued a dividend of $0.35 per share. The ex-dividend date is Monday, November 13th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.76%. MSA Safety Incorporporated’s dividend payout ratio is 63.93%.
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About MSA Safety Incorporporated
Mine Safety Appliances Company is engaged in the development, manufacture and supply of products that protect people’s health and safety. The Company’s line of safety products is used by workers worldwide in the fire service, homeland security, oil and gas, construction and other industries, as well as the military.
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