Analysts forecast that MSA Safety Inc (NYSE:MSA) will announce $353.93 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for MSA Safety’s earnings, with the lowest sales estimate coming in at $345.00 million and the highest estimate coming in at $360.50 million. MSA Safety posted sales of $339.33 million during the same quarter last year, which would indicate a positive year over year growth rate of 4.3%. The business is scheduled to issue its next quarterly earnings report 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 year, analysts forecast that the company will post sales of $1.50 billion, with estimates ranging from $1.49 billion to $1.51 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover MSA Safety.
MSA Safety (NYSE:MSA) last announced its earnings results on Wednesday, April 24th. The industrial products company reported $1.14 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.11 by $0.03. The company had revenue of $326.00 million during the quarter, compared to analyst estimates of $340.46 million. MSA Safety had a net margin of 8.47% and a return on equity of 27.93%. MSA Safety’s revenue was up .0% compared to the same quarter last year. During the same quarter last year, the firm posted $1.01 earnings per share.
Several brokerages recently weighed in on MSA. Zacks Investment Research cut shares of Green Plains from a “hold” rating to a “strong sell” rating in a report on Thursday, June 27th. ValuEngine cut shares of Zosano Pharma from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $108.33.
Shares of NYSE MSA traded up $3.05 during midday trading on Friday, hitting $106.67. The company’s stock had a trading volume of 166,880 shares, compared to its average volume of 138,319. The company’s fifty day moving average price is $102.73. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.53 and a quick ratio of 1.88. MSA Safety has a 1 year low of $86.72 and a 1 year high of $113.06. The stock has a market capitalization of $4.13 billion, a price-to-earnings ratio of 23.70 and a beta of 1.29.
In other news, insider Douglas K. Mcclaine sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $109.80, for a total transaction of $1,098,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Steven C. Sr. Blanco sold 4,695 shares of the firm’s stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $108.19, for a total transaction of $507,952.05. Following the transaction, the vice president now owns 11,589 shares in the company, valued at $1,253,813.91. The disclosure for this sale can be found here. In the last three months, insiders have sold 30,297 shares of company stock worth $3,262,380. 9.12% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc raised its holdings in shares of MSA Safety by 1.9% in the 3rd quarter. Vanguard Group Inc now owns 3,459,763 shares of the industrial products company’s stock worth $368,257,000 after purchasing an additional 64,529 shares during the period. First Trust Advisors LP bought a new stake in shares of MSA Safety in the 4th quarter worth approximately $4,025,000. BlackRock Inc. raised its holdings in shares of MSA Safety by 1.7% in the 4th quarter. BlackRock Inc. now owns 4,017,620 shares of the industrial products company’s stock worth $378,741,000 after purchasing an additional 65,504 shares during the period. Texas Permanent School Fund raised its holdings in shares of MSA Safety by 4.1% in the 4th quarter. Texas Permanent School Fund now owns 22,906 shares of the industrial products company’s stock worth $2,159,000 after purchasing an additional 899 shares during the period. Finally, Advisor Group Inc. raised its holdings in shares of MSA Safety by 13.4% in the 4th quarter. Advisor Group Inc. now owns 4,707 shares of the industrial products company’s stock worth $445,000 after purchasing an additional 558 shares during the period. Institutional investors and hedge funds own 74.15% 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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