Zacks: Analysts Anticipate MSA Safety Incorporated (NYSE:MSA) Will Announce Earnings of $1.11 Per Share

Brokerages expect that MSA Safety Incorporated (NYSE:MSA) will announce earnings of $1.11 per share for the current fiscal quarter, according to Zacks. Three analysts have made estimates for MSA Safety’s earnings. The highest EPS estimate is $1.23 and the lowest is $0.99. MSA Safety also posted earnings of $1.11 per share during the same quarter last year. The company is scheduled to issue its next quarterly earnings report on Wednesday, August 4th.

On average, analysts expect that MSA Safety will report full year earnings of $4.71 per share for the current year, with EPS estimates ranging from $4.52 to $4.80. For the next year, analysts expect that the business will post earnings of $5.41 per share, with EPS estimates ranging from $5.35 to $5.50. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that follow MSA Safety.

MSA Safety (NYSE:MSA) last posted its quarterly earnings data on Wednesday, April 28th. The industrial products company reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.94 by $0.01. MSA Safety had a return on equity of 21.32% and a net margin of 8.58%. The business had revenue of $308.43 million during the quarter, compared to the consensus estimate of $313.59 million. During the same quarter in the prior year, the company earned $1.18 earnings per share. The firm’s quarterly revenue was down 9.6% compared to the same quarter last year.

A number of research firms have issued reports on MSA. Robert W. Baird set a $162.59 price objective on MSA Safety and gave the stock a “neutral” rating in a research note on Wednesday. Zacks Investment Research upgraded MSA Safety from a “sell” rating to a “hold” rating in a report on Wednesday, June 30th.

Shares of MSA stock traded down $1.72 during trading hours on Thursday, reaching $161.90. 268 shares of the company traded hands, compared to its average volume of 83,608. The stock’s 50-day moving average price is $165.20. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.78 and a current ratio of 2.49. MSA Safety has a 12-month low of $112.52 and a 12-month high of $172.84. The stock has a market cap of $6.34 billion, a P/E ratio of 56.59 and a beta of 0.91.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 10th. Investors of record on Monday, May 17th were given a $0.44 dividend. This is a positive change from MSA Safety’s previous quarterly dividend of $0.43. This represents a $1.76 annualized dividend and a dividend yield of 1.09%. The ex-dividend date of this dividend was Friday, May 14th. MSA Safety’s dividend payout ratio (DPR) is presently 39.11%.

In related news, Director Robert A. Bruggeworth sold 675 shares of the stock in a transaction that occurred on Wednesday, June 2nd. The shares were sold at an average price of $169.31, for a total value of $114,284.25. Following the completion of the transaction, the director now directly owns 27,418 shares of the company’s stock, valued at approximately $4,642,141.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 6.29% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the business. New Mexico Educational Retirement Board lifted its holdings in MSA Safety by 19.0% in the 2nd quarter. New Mexico Educational Retirement Board now owns 7,500 shares of the industrial products company’s stock valued at $1,242,000 after purchasing an additional 1,200 shares in the last quarter. Squarepoint Ops LLC raised its holdings in shares of MSA Safety by 107.2% during the 1st quarter. Squarepoint Ops LLC now owns 5,591 shares of the industrial products company’s stock worth $839,000 after acquiring an additional 2,893 shares during the period. Paloma Partners Management Co purchased a new position in shares of MSA Safety during the 1st quarter worth $542,000. Rodgers Brothers Inc. raised its holdings in shares of MSA Safety by 4.4% during the 1st quarter. Rodgers Brothers Inc. now owns 30,809 shares of the industrial products company’s stock worth $4,622,000 after acquiring an additional 1,300 shares during the period. Finally, D. E. Shaw & Co. Inc. raised its holdings in MSA Safety by 1,188.4% in the 1st quarter. D. E. Shaw & Co. Inc. now owns 33,099 shares of the industrial products company’s stock valued at $4,965,000 after buying an additional 30,530 shares during the period. Institutional investors own 77.76% 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, industrial manufacturing applications, utilities, military, and mining industries in North America, Latin America, and internationally.

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