Equities analysts forecast that MSA Safety Inc (NYSE:MSA) will announce $353.93 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for MSA Safety’s earnings. The lowest sales estimate is $345.00 million and the highest is $360.50 million. MSA Safety reported sales of $339.33 million in the same quarter last year, which suggests a positive year over year growth rate of 4.3%. The firm is scheduled to announce its next quarterly earnings results on Wednesday, July 24th.
According to Zacks, analysts expect that MSA Safety will report full year sales of $1.43 billion for the current fiscal year, with estimates ranging from $1.41 billion to $1.44 billion. For the next fiscal year, analysts forecast that the firm will report sales of $1.50 billion, with estimates ranging from $1.49 billion to $1.51 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that cover MSA Safety.
MSA Safety (NYSE:MSA) last issued its quarterly earnings results on Wednesday, April 24th. The industrial products company reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.03. The company had revenue of $326.00 million for the quarter, compared to analyst estimates of $340.46 million. MSA Safety had a return on equity of 27.93% and a net margin of 8.47%. The company’s quarterly revenue was up .0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.01 earnings per share.
A number of analysts have recently commented on the company. ValuEngine upgraded MSA Safety from a “hold” rating to a “buy” rating in a report on Wednesday, May 1st. Zacks Investment Research upgraded MSA Safety from a “sell” rating to a “hold” rating in a report on Thursday, May 2nd. Finally, Robert W. Baird restated a “hold” rating and issued a $105.00 price target on shares of MSA Safety in a report on Friday, February 22nd. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $106.10.
Shares of MSA Safety stock opened at $102.58 on Wednesday. The stock has a market capitalization of $3.97 billion, a PE ratio of 22.80 and a beta of 1.31. MSA Safety has a one year low of $86.72 and a one year high of $113.06. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.88 and a current ratio of 2.53.
The business also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Monday, May 20th will be issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 1.64%. The ex-dividend date is Friday, May 17th. This is a positive change from MSA Safety’s previous quarterly dividend of $0.38. MSA Safety’s dividend payout ratio is presently 37.33%.
In related news, Director L Edward Shaw, Jr. sold 4,854 shares of the company’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $105.36, for a total transaction of $511,417.44. Following the sale, the director now owns 447,092 shares in the company, valued at $47,105,613.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director L Edward Shaw, Jr. sold 50,000 shares of the company’s stock in a transaction dated Wednesday, February 27th. The stock was sold at an average price of $104.02, for a total value of $5,201,000.00. Following the sale, the director now owns 467,238 shares in the company, valued at approximately $48,602,096.76. The disclosure for this sale can be found here. Insiders have sold 98,995 shares of company stock worth $10,397,581 in the last quarter. 9.12% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its holdings in MSA Safety by 1.2% during the first quarter. BlackRock Inc. now owns 4,067,266 shares of the industrial products company’s stock worth $420,555,000 after acquiring an additional 49,646 shares in the last quarter. Vanguard Group Inc increased its position in MSA Safety by 1.9% during the third quarter. Vanguard Group Inc now owns 3,459,763 shares of the industrial products company’s stock worth $368,257,000 after buying an additional 64,529 shares during the last quarter. Neuberger Berman Group LLC increased its position in MSA Safety by 9.5% during the first quarter. Neuberger Berman Group LLC now owns 1,374,956 shares of the industrial products company’s stock worth $142,170,000 after buying an additional 119,119 shares during the last quarter. JPMorgan Chase & Co. increased its position in MSA Safety by 16.9% during the first quarter. JPMorgan Chase & Co. now owns 1,353,394 shares of the industrial products company’s stock worth $139,941,000 after buying an additional 195,678 shares during the last quarter. Finally, Champlain Investment Partners LLC increased its position in MSA Safety by 16.0% during the first quarter. Champlain Investment Partners LLC now owns 841,055 shares of the industrial products company’s stock worth $86,965,000 after buying an additional 116,225 shares during the last quarter. Institutional investors and hedge funds own 73.83% 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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