Brokerages predict that MSA Safety Inc (NYSE:MSA) will post $364.50 million in sales for the current quarter, according to Zacks. Two analysts have provided estimates for MSA Safety’s earnings. The lowest sales estimate is $358.59 million and the highest is $370.40 million. MSA Safety reported sales of $346.14 million during the same quarter last year, which would suggest a positive year over year growth rate of 5.3%. The business is expected to issue its next earnings report on Tuesday, February 19th.
On average, analysts expect that MSA Safety will report full year sales of $1.36 billion for the current year, with estimates ranging from $1.35 billion to $1.37 billion. For the next fiscal year, analysts anticipate that the company will post sales of $1.43 billion, with estimates ranging from $1.42 billion to $1.44 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that follow MSA Safety.
MSA Safety (NYSE:MSA) last released its quarterly earnings results on Wednesday, October 24th. The industrial products company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.11. MSA Safety had a net margin of 4.94% and a return on equity of 28.12%. The firm had revenue of $331.10 million during the quarter, compared to analyst estimates of $325.53 million.
MSA has been the subject of several analyst reports. ValuEngine upgraded shares of MSA Safety from a “hold” rating to a “buy” rating in a report on Friday, July 20th. Stifel Nicolaus raised their price target on shares of MSA Safety from $100.00 to $108.00 and gave the stock a “buy” rating in a report on Friday, July 27th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $100.00.
In other news, insider Douglas K. Mcclaine sold 10,568 shares of MSA Safety stock in a transaction on Tuesday, October 30th. The shares were sold at an average price of $106.61, for a total value of $1,126,654.48. Following the completion of the sale, the insider now owns 32,499 shares in the company, valued at approximately $3,464,718.39. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 9.90% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. Livingston Group Asset Management CO operating as Southport Capital Management bought a new stake in shares of MSA Safety in the 3rd quarter valued at $115,000. Vigilant Capital Management LLC increased its stake in shares of MSA Safety by 100.0% in the 2nd quarter. Vigilant Capital Management LLC now owns 1,680 shares of the industrial products company’s stock valued at $162,000 after acquiring an additional 840 shares in the last quarter. Diversified Trust Co bought a new stake in shares of MSA Safety in the 2nd quarter valued at $226,000. Janney Montgomery Scott LLC bought a new stake in shares of MSA Safety in the 2nd quarter valued at $226,000. Finally, Strs Ohio grew its position in MSA Safety by 50.0% in the 2nd quarter. Strs Ohio now owns 3,000 shares of the industrial products company’s stock valued at $289,000 after purchasing an additional 1,000 shares during the period. Institutional investors own 71.74% of the company’s stock.
MSA Safety stock traded up $1.25 during mid-day trading on Thursday, hitting $105.69. 163,853 shares of the stock were exchanged, compared to its average volume of 180,248. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.59 and a current ratio of 2.19. MSA Safety has a 12 month low of $71.47 and a 12 month high of $108.99. The firm has a market cap of $4.10 billion, a price-to-earnings ratio of 27.31 and a beta of 1.30.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 10th. Stockholders of record on Wednesday, November 14th will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 1.44%. MSA Safety’s dividend payout ratio is currently 39.28%.
About MSA Safety
MSA Safety Incorporated develops, manufactures, and supplies safety products that protect people and facility infrastructures in the oil, gas, petrochemical, fire service, construction, utilities, and mining industries worldwide. It operates through Americas and International segments. The company's core product offerings include permanently installed fixed gas and flame detection instruments, such as permanently installed gas detection monitoring systems, and flame detectors and open-path infrared gas detectors, as well as replacement components and related services to detect the presence or absence of various gases in the air.
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