Analysts forecast that MSA Safety Inc (NYSE:MSA) will post $1.10 earnings per share for the current fiscal quarter, Zacks reports. Three analysts have made estimates for MSA Safety’s earnings, with the lowest EPS estimate coming in at $1.05 and the highest estimate coming in at $1.16. MSA Safety posted earnings per share of $1.15 during the same quarter last year, which indicates a negative year over year growth rate of 4.3%. The firm is expected to report its next earnings results on Wednesday, October 28th.
According to Zacks, analysts expect that MSA Safety will report full-year earnings of $4.66 per share for the current year, with EPS estimates ranging from $4.54 to $4.85. For the next fiscal year, analysts forecast that the firm will post earnings of $5.10 per share, with EPS estimates ranging from $4.95 to $5.35. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that follow MSA Safety.
MSA Safety (NYSE:MSA) last issued its earnings results on Wednesday, July 29th. The industrial products company reported $1.11 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.12. MSA Safety had a return on equity of 25.66% and a net margin of 11.08%. The company had revenue of $314.44 million for the quarter, compared to analyst estimates of $306.26 million. During the same period in the prior year, the firm posted $1.22 EPS. The business’s revenue was down 10.1% compared to the same quarter last year.
A number of brokerages have recently commented on MSA. Zacks Investment Research lowered MSA Safety from a “buy” rating to a “hold” rating in a report on Wednesday, July 1st. CJS Securities began coverage on MSA Safety in a report on Tuesday, June 30th. They set a “buy” rating and a $138.00 price objective on the stock. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $131.25.
In related news, Director William M. Lambert sold 53,922 shares of the stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $124.03, for a total transaction of $6,687,945.66. Following the completion of the sale, the director now owns 79,055 shares in the company, valued at approximately $9,805,191.65. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Kenneth D. Krause sold 1,685 shares of the stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $126.00, for a total value of $212,310.00. Following the sale, the chief financial officer now owns 16,179 shares of the company’s stock, valued at approximately $2,038,554. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 66,994 shares of company stock valued at $8,338,775. 7.00% of the stock is owned by corporate insiders.
Large investors have recently made changes to their positions in the stock. Private Capital Group LLC bought a new stake in MSA Safety during the 2nd quarter valued at approximately $32,000. Citizens Financial Group Inc RI bought a new stake in shares of MSA Safety in the 1st quarter worth approximately $30,000. Point72 Hong Kong Ltd bought a new stake in shares of MSA Safety in the 2nd quarter worth approximately $50,000. Private Advisor Group LLC bought a new stake in shares of MSA Safety in the 2nd quarter worth approximately $73,000. Finally, First Mercantile Trust Co. bought a new stake in shares of MSA Safety in the 2nd quarter worth approximately $93,000. Hedge funds and other institutional investors own 76.79% of the company’s stock.
Shares of NYSE MSA opened at $125.77 on Thursday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.69 and a current ratio of 2.46. The firm has a market cap of $4.89 billion, a price-to-earnings ratio of 32.25 and a beta of 1.04. The business’s 50-day simple moving average is $123.10 and its 200-day simple moving average is $114.67. MSA Safety has a 52 week low of $83.57 and a 52 week high of $142.34.
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Monday, August 17th were paid a dividend of $0.43 per share. The ex-dividend date was Friday, August 14th. This represents a $1.72 annualized dividend and a yield of 1.37%. MSA Safety’s payout ratio is 35.83%.
MSA Safety Company Profile
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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