Equities research analysts predict that MSA Safety Incorporated (NYSE:MSA) will report $310.99 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for MSA Safety’s earnings, with the highest sales estimate coming in at $318.47 million and the lowest estimate coming in at $305.41 million. MSA Safety posted sales of $265.77 million in the same quarter last year, which suggests a positive year over year growth rate of 17%. The business is scheduled to announce its next quarterly earnings results on Tuesday, April 24th.
According to Zacks, analysts expect that MSA Safety will report full year sales of $310.99 million for the current year, with estimates ranging from $1.31 billion to $1.35 billion. For the next fiscal year, analysts expect that the firm will report sales of $1.39 billion per share, with estimates ranging from $1.37 billion to $1.43 billion. Zacks’ sales calculations are an average based on a survey of research firms that cover MSA Safety.
MSA Safety (NYSE:MSA) last announced its quarterly earnings data on Tuesday, February 20th. The industrial products company reported $1.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.31. The company had revenue of $346.00 million for the quarter, compared to analysts’ expectations of $326.62 million. MSA Safety had a net margin of 2.17% and a return on equity of 23.91%. MSA Safety’s revenue was up 16.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.78 EPS.
Several equities analysts have issued reports on the stock. Zacks Investment Research raised shares of MSA Safety from a “hold” rating to a “buy” rating and set a $92.00 price objective on the stock in a research note on Saturday, February 24th. Robert W. Baird raised shares of MSA Safety from a “neutral” rating to an “outperform” rating and set a $89.00 price objective on the stock in a research note on Thursday, February 22nd. Finally, TheStreet cut shares of MSA Safety from an “a-” rating to a “c+” rating in a research note on Tuesday, February 20th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. MSA Safety has an average rating of “Hold” and a consensus price target of $90.00.
In other news, COO Nishan J. Vartanian sold 7,000 shares of the company’s stock in a transaction on Tuesday, March 13th. The shares were sold at an average price of $83.49, for a total transaction of $584,430.00. Following the transaction, the chief operating officer now directly owns 25,260 shares of the company’s stock, valued at approximately $2,108,957.40. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Kerry M. Bove sold 2,416 shares of the company’s stock in a transaction on Wednesday, March 14th. The stock was sold at an average price of $83.98, for a total transaction of $202,895.68. Following the transaction, the insider now directly owns 51,284 shares in the company, valued at $4,306,830.32. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 14,942 shares of company stock worth $1,257,437. Corporate insiders own 15.53% of the company’s stock.
Several large investors have recently bought and sold shares of MSA. Royal Bank of Canada grew its stake in shares of MSA Safety by 3.3% during the 2nd quarter. Royal Bank of Canada now owns 1,643 shares of the industrial products company’s stock worth $133,000 after purchasing an additional 53 shares during the period. First Trust Advisors LP grew its stake in shares of MSA Safety by 18.2% during the 3rd quarter. First Trust Advisors LP now owns 34,261 shares of the industrial products company’s stock worth $2,724,000 after purchasing an additional 5,265 shares during the period. Aperio Group LLC grew its stake in shares of MSA Safety by 9.5% during the 3rd quarter. Aperio Group LLC now owns 11,836 shares of the industrial products company’s stock worth $941,000 after purchasing an additional 1,027 shares during the period. Crossmark Global Holdings Inc. acquired a new position in shares of MSA Safety during the 3rd quarter worth $271,000. Finally, Chicago Equity Partners LLC grew its stake in shares of MSA Safety by 18.0% during the 3rd quarter. Chicago Equity Partners LLC now owns 15,965 shares of the industrial products company’s stock worth $1,269,000 after purchasing an additional 2,435 shares during the period. 69.56% of the stock is currently owned by institutional investors and hedge funds.
Shares of MSA stock traded up $1.26 on Thursday, reaching $83.84. 367,186 shares of the company’s stock traded hands, compared to its average volume of 196,549. The company has a quick ratio of 1.62, a current ratio of 2.15 and a debt-to-equity ratio of 0.75. The firm has a market cap of $3,204.87, a PE ratio of 22.66 and a beta of 1.52. MSA Safety has a 12 month low of $65.95 and a 12 month high of $87.31.
The business also recently declared a quarterly dividend, which was paid on Saturday, March 10th. Stockholders of record on Wednesday, February 14th were paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.67%. MSA Safety’s dividend payout ratio (DPR) is presently 215.39%.
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MSA Safety Company Profile
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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