Zacks: Brokerages Anticipate MSA Safety Incorporated (NYSE:MSA) Will Announce Quarterly Sales of $334.60 Million


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Equities research analysts forecast that MSA Safety Incorporated (NYSE:MSA) will announce $334.60 million in sales for the current quarter, according to Zacks. Three analysts have issued estimates for MSA Safety’s earnings. The lowest sales estimate is $328.90 million and the highest is $341.90 million. MSA Safety reported sales of $375.26 million in the same quarter last year, which would suggest a negative year over year growth rate of 10.8%. The business is expected to report its next earnings results on Wednesday, February 17th.

According to Zacks, analysts expect that MSA Safety will report full-year sales of $1.29 billion for the current financial year, with estimates ranging from $1.29 billion to $1.30 billion. For the next financial year, analysts forecast that the company will report sales of $1.37 billion, with estimates ranging from $1.36 billion to $1.38 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that that provide coverage for MSA Safety.

MSA Safety (NYSE:MSA) last announced its quarterly earnings data on Wednesday, October 28th. The industrial products company reported $0.94 EPS for the quarter, missing the consensus estimate of $1.10 by ($0.16). MSA Safety had a net margin of 10.40% and a return on equity of 23.96%. The firm had revenue of $304.39 million for the quarter, compared to analyst estimates of $332.10 million.

MSA has been the subject of several research analyst reports. Sidoti started coverage on shares of MSA Safety in a research report on Wednesday, December 9th. They set a “neutral” rating for the company. Zacks Investment Research upgraded shares of MSA Safety from a “hold” rating to a “buy” rating and set a $164.00 price target for the company in a report on Wednesday, January 6th. Finally, Stifel Nicolaus upped their price target on shares of MSA Safety from $136.00 to $165.00 and gave the stock a “buy” rating in a report on Tuesday, December 15th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $145.00.

MSA traded down $2.17 during trading on Wednesday, hitting $158.58. 77,462 shares of the stock traded hands, compared to its average volume of 98,695. MSA Safety has a twelve month low of $83.57 and a twelve month high of $161.40. The company has a market cap of $6.18 billion, a price-to-earnings ratio of 44.92 and a beta of 0.98. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.61 and a quick ratio of 1.73. The business has a 50 day moving average price of $150.84 and a 200 day moving average price of $134.31.

In related news, Director Rebecca B. Roberts sold 1,000 shares of the business’s stock in a transaction on Wednesday, November 4th. The shares were sold at an average price of $139.63, for a total value of $139,630.00. Also, CFO Kenneth D. Krause sold 681 shares of the business’s stock in a transaction on Monday, November 9th. The stock was sold at an average price of $145.03, for a total transaction of $98,765.43. Following the completion of the sale, the chief financial officer now directly owns 14,445 shares in the company, valued at approximately $2,094,958.35. The disclosure for this sale can be found here. Insiders have sold 70,847 shares of company stock valued at $10,485,212 over the last quarter. Company insiders own 7.00% of the company’s stock.

Several institutional investors have recently modified their holdings of MSA. First Trust Advisors LP grew its stake in shares of MSA Safety by 16.6% in the first quarter. First Trust Advisors LP now owns 49,793 shares of the industrial products company’s stock worth $5,149,000 after purchasing an additional 7,097 shares during the last quarter. Macquarie Group Ltd. boosted its position in MSA Safety by 33.7% during the second quarter. Macquarie Group Ltd. now owns 1,544 shares of the industrial products company’s stock valued at $177,000 after acquiring an additional 389 shares during the last quarter. State of Wisconsin Investment Board bought a new stake in MSA Safety during the second quarter valued at $547,000. Bank of Montreal Can boosted its position in MSA Safety by 75.2% during the second quarter. Bank of Montreal Can now owns 4,523 shares of the industrial products company’s stock valued at $497,000 after acquiring an additional 1,942 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ bought a new stake in MSA Safety during the second quarter valued at $263,000. 72.52% of the stock is currently owned by institutional investors.

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, industrial manufacturing applications, utilities, and mining industries in North America, Latin America, and internationally.

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