Equities research analysts predict that MSA Safety Inc (NYSE:MSA) will report earnings per share of $1.17 for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for MSA Safety’s earnings, with the highest EPS estimate coming in at $1.23 and the lowest estimate coming in at $1.06. MSA Safety posted earnings per share of $1.07 in the same quarter last year, which suggests a positive year over year growth rate of 9.3%. The company is expected to announce its next quarterly earnings report on Wednesday, July 24th.
According to Zacks, analysts expect that MSA Safety will report full-year earnings of $4.83 per share for the current fiscal year, with EPS estimates ranging from $4.70 to $5.00. For the next year, analysts expect that the company will report earnings of $5.31 per share, with EPS estimates ranging from $5.11 to $5.53. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that follow MSA Safety.
MSA Safety (NYSE:MSA) last posted its quarterly earnings data on Wednesday, April 24th. The industrial products company reported $1.14 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.11 by $0.03. MSA Safety had a return on equity of 27.93% and a net margin of 8.47%. The company had revenue of $326.00 million during the quarter, compared to analyst estimates of $340.46 million. During the same period in the previous year, the business earned $1.01 EPS. MSA Safety’s quarterly revenue was up .0% on a year-over-year basis.
Several equities research analysts have commented on MSA shares. Zacks Investment Research upgraded MSA Safety from a “sell” rating to a “hold” rating in a research note on Thursday, February 7th. Robert W. Baird reiterated a “hold” rating and set a $105.00 price objective on shares of MSA Safety in a research note on Friday, February 22nd. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. MSA Safety has a consensus rating of “Hold” and an average target price of $106.10.
In related news, insider William M. Lambert sold 24,592 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $103.50, for a total value of $2,545,272.00. Following the transaction, the insider now directly owns 56,734 shares in the company, valued at $5,871,969. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Steven C. Sr. Blanco sold 4,695 shares of the company’s stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $108.19, for a total value of $507,952.05. Following the completion of 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. Insiders sold 98,995 shares of company stock valued at $10,397,581 over the last 90 days. Company insiders own 9.12% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Louisiana State Employees Retirement System lifted its stake in MSA Safety by 1.1% during the first quarter. Louisiana State Employees Retirement System now owns 9,400 shares of the industrial products company’s stock worth $972,000 after purchasing an additional 100 shares in the last quarter. State of Tennessee Treasury Department lifted its stake in MSA Safety by 2.0% during the fourth quarter. State of Tennessee Treasury Department now owns 49,827 shares of the industrial products company’s stock worth $4,697,000 after purchasing an additional 990 shares in the last quarter. California State Teachers Retirement System lifted its stake in MSA Safety by 2.3% during the fourth quarter. California State Teachers Retirement System now owns 53,379 shares of the industrial products company’s stock worth $5,032,000 after purchasing an additional 1,203 shares in the last quarter. LS Investment Advisors LLC lifted its stake in MSA Safety by 19.9% during the fourth quarter. LS Investment Advisors LLC now owns 2,292 shares of the industrial products company’s stock worth $216,000 after purchasing an additional 381 shares in the last quarter. Finally, Bahl & Gaynor Inc. lifted its stake in MSA Safety by 2.7% during the fourth quarter. Bahl & Gaynor Inc. now owns 52,449 shares of the industrial products company’s stock worth $4,944,000 after purchasing an additional 1,398 shares in the last quarter. Hedge funds and other institutional investors own 73.83% of the company’s stock.
NYSE:MSA opened at $105.25 on Monday. MSA Safety has a 12 month low of $86.72 and a 12 month high of $113.06. The company has a quick ratio of 1.88, a current ratio of 2.53 and a debt-to-equity ratio of 0.54. The company has a market cap of $4.10 billion, a price-to-earnings ratio of 22.85 and a beta of 1.31.
The business also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Monday, May 20th will be given a $0.42 dividend. The ex-dividend date is Friday, May 17th. This is a positive change from MSA Safety’s previous quarterly dividend of $0.38. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.60%. MSA Safety’s dividend payout ratio is 37.33%.
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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