Analysts Expect MSA Safety Incorporated (MSA) Will Post Quarterly Sales of $328.76 Million

Wall Street analysts predict that MSA Safety Incorporated (NYSE:MSA) will report sales of $328.76 million for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for MSA Safety’s earnings, with estimates ranging from $324.75 million to $331.30 million. MSA Safety reported sales of $296.03 million during the same quarter last year, which indicates a positive year-over-year growth rate of 11.1%. The company is scheduled to issue its next earnings report on Thursday, February 22nd.

According to Zacks, analysts expect that MSA Safety will report full year sales of $328.76 million for the current fiscal year. For the next financial year, analysts expect that the company will post sales of $1.29 billion per share. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover MSA Safety.

MSA Safety (NYSE:MSA) last posted its quarterly earnings results on Thursday, October 19th. The industrial products company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.13. The company had revenue of $296.13 million for the quarter, compared to analyst estimates of $298.47 million. MSA Safety had a net margin of 7.32% and a return on equity of 20.56%. The business’s quarterly revenue was up 6.4% on a year-over-year basis. During the same period last year, the business posted $0.72 EPS.

Several research firms have issued reports on MSA. Zacks Investment Research lowered shares of MSA Safety from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. BidaskClub upgraded shares of MSA Safety from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 17th. Robert W. Baird lowered shares of MSA Safety from an “outperform” rating to a “neutral” rating and set a $80.00 price target on the stock. in a research report on Tuesday, October 3rd. Finally, Barrington Research restated a “market perform” rating on shares of MSA Safety in a research report on Monday, October 23rd. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. MSA Safety presently has a consensus rating of “Hold” and a consensus target price of $89.00.

In other news, VP Markus H. Weber sold 5,811 shares of MSA Safety stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $72.80, for a total transaction of $423,040.80. Following the sale, the vice president now directly owns 15,950 shares in the company, valued at approximately $1,161,160. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman William M. Lambert sold 7,258 shares of MSA Safety stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $79.55, for a total transaction of $577,373.90. Following the sale, the chairman now owns 164,737 shares in the company, valued at $13,104,828.35. The disclosure for this sale can be found here. Insiders sold a total of 117,724 shares of company stock worth $9,374,121 over the last 90 days. Company insiders own 15.53% of the company’s stock.

Institutional investors have recently modified their holdings of the company. Riverhead Capital Management LLC boosted its position in shares of MSA Safety by 58.1% during the 2nd quarter. Riverhead Capital Management LLC now owns 1,265 shares of the industrial products company’s stock valued at $103,000 after acquiring an additional 465 shares in the last quarter. Citigroup Inc. boosted its position in shares of MSA Safety by 18.3% during the 2nd quarter. Citigroup Inc. now owns 1,401 shares of the industrial products company’s stock valued at $114,000 after acquiring an additional 217 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of MSA Safety by 8.6% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,560 shares of the industrial products company’s stock valued at $127,000 after acquiring an additional 124 shares in the last quarter. Royal Bank of Canada boosted its position in shares of MSA Safety by 3.3% during the 2nd quarter. Royal Bank of Canada now owns 1,643 shares of the industrial products company’s stock valued at $133,000 after acquiring an additional 53 shares in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. boosted its position in shares of MSA Safety by 126.6% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,817 shares of the industrial products company’s stock valued at $144,000 after acquiring an additional 1,015 shares in the last quarter. Institutional investors and hedge funds own 67.42% of the company’s stock.

Shares of MSA Safety (NYSE MSA) opened at $83.72 on Friday. The company has a quick ratio of 1.52, a current ratio of 2.11 and a debt-to-equity ratio of 0.72. The stock has a market cap of $3,184.04, a price-to-earnings ratio of 26.75 and a beta of 1.69. MSA Safety has a 12-month low of $62.25 and a 12-month high of $86.36.

The business also recently declared a quarterly dividend, which will be paid on Sunday, December 10th. Shareholders of record on Tuesday, November 14th will be given a $0.35 dividend. The ex-dividend date of this dividend is Monday, November 13th. This represents a $1.40 annualized dividend and a yield of 1.67%. MSA Safety’s dividend payout ratio is 64.52%.

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MSA Safety 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.

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Earnings History and Estimates for MSA Safety (NYSE:MSA)

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