MSA Safety Incorporporated (MSA) Rating Reiterated by Barrington Research
MSA Safety Incorporporated (NYSE:MSA)‘s stock had its “market perform” rating reissued by stock analysts at Barrington Research in a note issued to investors on Monday. Barrington Research also issued estimates for MSA Safety Incorporporated’s Q3 2017 earnings at $0.80 EPS, Q4 2017 earnings at $0.94 EPS, Q1 2018 earnings at $0.74 EPS, Q2 2018 earnings at $0.96 EPS, Q3 2018 earnings at $0.94 EPS, Q4 2018 earnings at $1.03 EPS, FY2018 earnings at $3.69 EPS and FY2018 earnings at $3.67 EPS.
A number of other brokerages also recently weighed in on MSA. Robert W. Baird increased their price objective on shares of MSA Safety Incorporporated from $80.00 to $89.00 and gave the company a “neutral” rating in a research report on Sunday. Zacks Investment Research downgraded shares of MSA Safety Incorporporated from a “hold” rating to a “sell” rating in a research report on Friday. BidaskClub downgraded shares of MSA Safety Incorporporated from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 1st. Finally, Stifel Nicolaus restated a “buy” rating and set a $91.00 price objective on shares of MSA Safety Incorporporated in a research report on Friday, August 4th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $89.33.
Shares of MSA Safety Incorporporated (NYSE MSA) opened at 80.71 on Monday. MSA Safety Incorporporated has a 12-month low of $55.00 and a 12-month high of $85.80. The company has a market cap of $3.08 billion, a PE ratio of 40.66 and a beta of 1.64. The company has a 50 day moving average of $76.71 and a 200-day moving average of $76.73.
MSA Safety Incorporporated (NYSE:MSA) last issued its quarterly earnings data on Thursday, October 19th. The industrial products company reported $0.92 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.79 by $0.13. The company had revenue of $296.13 million for the quarter, compared to the consensus estimate of $298.47 million. MSA Safety Incorporporated had a net margin of 7.32% and a return on equity of 20.52%. The firm’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.72 earnings per share. Equities research analysts anticipate that MSA Safety Incorporporated will post $3.20 earnings per share for the current year.
In other MSA Safety Incorporporated news, VP Markus H. Weber sold 5,811 shares of the stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $72.80, for a total value of $423,040.80. Following the transaction, the vice president now directly owns 15,950 shares in the company, valued at $1,161,160. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John T. Ryan III sold 32,100 shares of the stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $71.43, for a total transaction of $2,292,903.00. Following the completion of the transaction, the director now owns 1,025,013 shares in the company, valued at $73,216,678.59. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 40,211 shares of company stock worth $2,879,428. 11.47% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in MSA. LS Investment Advisors LLC raised its position in MSA Safety Incorporporated by 77.3% in the second quarter. LS Investment Advisors LLC now owns 1,947 shares of the industrial products company’s stock worth $102,000 after acquiring an additional 849 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in MSA Safety Incorporporated by 71.2% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,436 shares of the industrial products company’s stock worth $102,000 after acquiring an additional 597 shares during the period. Riverhead Capital Management LLC raised its position in MSA Safety Incorporporated by 58.1% in the second quarter. Riverhead Capital Management LLC now owns 1,265 shares of the industrial products company’s stock worth $103,000 after acquiring an additional 465 shares during the period. Public Employees Retirement System of Ohio raised its position in MSA Safety Incorporporated by 3.8% in the second quarter. Public Employees Retirement System of Ohio now owns 1,992 shares of the industrial products company’s stock worth $105,000 after acquiring an additional 73 shares during the period. Finally, Tower Research Capital LLC TRC bought a new position in MSA Safety Incorporporated in the second quarter worth approximately $110,000. Institutional investors and hedge funds own 66.49% of the company’s stock.
MSA Safety Incorporporated Company Profile
Mine Safety Appliances Company is engaged in the development, manufacture and supply of products that protect people’s health and safety. The Company’s line of safety products is used by workers worldwide in the fire service, homeland security, oil and gas, construction and other industries, as well as the military.
Receive News & Ratings for MSA Safety Incorporporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MSA Safety Incorporporated and related companies with MarketBeat.com's FREE daily email newsletter.