Equities research analysts expect MSA Safety Inc (NYSE:MSA) to post $347.11 million in sales for the current fiscal quarter, Zacks reports. Three analysts have made estimates for MSA Safety’s earnings. The highest sales estimate is $350.22 million and the lowest is $345.10 million. MSA Safety posted sales of $331.10 million during the same quarter last year, which would indicate a positive year over year growth rate of 4.8%. The company is expected to issue its next earnings results on Wednesday, October 23rd.
According to Zacks, analysts expect that MSA Safety will report full-year sales of $1.42 billion for the current year, with estimates ranging from $1.41 billion to $1.42 billion. For the next fiscal year, analysts anticipate that the business will report sales of $1.50 billion, with estimates ranging from $1.48 billion to $1.51 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow MSA Safety.
MSA Safety (NYSE:MSA) last posted its quarterly earnings data on Wednesday, July 24th. The industrial products company reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.17 by $0.05. MSA Safety had a return on equity of 28.35% and a net margin of 8.89%. The business had revenue of $349.68 million for the quarter, compared to analyst estimates of $351.73 million. During the same period in the previous year, the company posted $1.07 earnings per share. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis.
MSA has been the subject of several recent research reports. ValuEngine cut MSA Safety from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Zacks Investment Research cut MSA Safety from a “hold” rating to a “sell” rating in a report on Wednesday, September 25th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. MSA Safety currently has an average rating of “Hold” and an average target price of $108.33.
MSA stock traded up $4.61 during trading on Friday, hitting $113.59. 2,060 shares of the stock traded hands, compared to its average volume of 140,179. The firm’s 50 day moving average is $106.88 and its two-hundred day moving average is $105.22. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.67 and a quick ratio of 1.94. The stock has a market cap of $4.14 billion, a price-to-earnings ratio of 25.16 and a beta of 1.21. MSA Safety has a 1 year low of $86.72 and a 1 year high of $114.64.
In other MSA Safety news, VP Douglas K. Mcclaine sold 6,000 shares of the company’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $113.16, for a total transaction of $678,960.00. Following the completion of the sale, the vice president now owns 17,093 shares in the company, valued at approximately $1,934,243.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Bob Willem Leenen sold 871 shares of the company’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $106.42, for a total transaction of $92,691.82. Following the sale, the vice president now owns 6,497 shares of the company’s stock, valued at approximately $691,410.74. The disclosure for this sale can be found here. Insiders own 9.12% of the company’s stock.
Institutional investors have recently modified their holdings of the business. Diversified Trust Co lifted its holdings in MSA Safety by 5.3% during the 3rd quarter. Diversified Trust Co now owns 4,265 shares of the industrial products company’s stock worth $465,000 after buying an additional 215 shares during the last quarter. State of Alaska Department of Revenue purchased a new stake in shares of MSA Safety during the third quarter valued at $690,000. Hancock Whitney Corp purchased a new stake in shares of MSA Safety during the second quarter valued at $627,000. Royal Bank of Canada boosted its stake in shares of MSA Safety by 30.6% during the second quarter. Royal Bank of Canada now owns 13,530 shares of the industrial products company’s stock valued at $1,426,000 after purchasing an additional 3,174 shares during the period. Finally, UBS Group AG boosted its stake in shares of MSA Safety by 30.6% during the second quarter. UBS Group AG now owns 72,513 shares of the industrial products company’s stock valued at $7,642,000 after purchasing an additional 16,996 shares during the period. Institutional investors own 75.13% of the company’s stock.
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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