Wall Street brokerages expect MSA Safety Incorporated (NYSE:MSA) to post $0.96 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for MSA Safety’s earnings, with estimates ranging from $0.90 to $1.02. MSA Safety reported earnings per share of $0.78 in the same quarter last year, which suggests a positive year over year growth rate of 23.1%. The business is expected to report its next earnings report on Thursday, February 22nd.
On average, analysts expect that MSA Safety will report full year earnings of $3.31 per share for the current fiscal year, with EPS estimates ranging from $3.24 to $3.37. For the next year, analysts expect that the firm will post earnings of $3.75 per share, with EPS estimates ranging from $3.67 to $3.90. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow MSA Safety.
A number of analysts recently commented on the stock. Zacks Investment Research raised shares of MSA Safety from a “hold” rating to a “buy” rating and set a $91.00 price objective on the stock in a report on Thursday, October 26th. Barrington Research reaffirmed a “market perform” rating on shares of MSA Safety in a report on Monday, October 23rd. Finally, Robert W. Baird upped their price target on shares of MSA Safety from $80.00 to $89.00 and gave the company a “neutral” rating in a report on Sunday, October 22nd. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $89.00.
The firm also recently declared a quarterly dividend, which will be paid on Saturday, March 10th. Shareholders of record on Wednesday, February 14th will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 1.87%. The ex-dividend date of this dividend is Tuesday, February 13th. MSA Safety’s dividend payout ratio (DPR) is presently 64.52%.
In other news, insider Kerry M. Bove sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $82.50, for a total value of $123,750.00. Following the completion of the transaction, the insider now owns 56,739 shares of the company’s stock, valued at $4,680,967.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Kerry M. Bove sold 5,727 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $80.00, for a total transaction of $458,160.00. Following the completion of the transaction, the insider now directly owns 57,874 shares of the company’s stock, valued at approximately $4,629,920. The disclosure for this sale can be found here. Insiders sold 88,790 shares of company stock worth $7,106,723 in the last ninety days. Insiders own 11.47% of the company’s stock.
Several large investors have recently bought and sold shares of the company. Swiss National Bank raised its position in shares of MSA Safety by 3.9% in the fourth quarter. Swiss National Bank now owns 58,600 shares of the industrial products company’s stock valued at $4,543,000 after buying an additional 2,200 shares during the last quarter. California Public Employees Retirement System raised its position in shares of MSA Safety by 9.5% in the fourth quarter. California Public Employees Retirement System now owns 59,992 shares of the industrial products company’s stock valued at $4,651,000 after buying an additional 5,199 shares during the last quarter. Teacher Retirement System of Texas raised its position in shares of MSA Safety by 315.4% in the fourth quarter. Teacher Retirement System of Texas now owns 11,688 shares of the industrial products company’s stock valued at $906,000 after buying an additional 8,874 shares during the last quarter. ING Groep NV raised its position in shares of MSA Safety by 22.7% in the fourth quarter. ING Groep NV now owns 5,107 shares of the industrial products company’s stock valued at $396,000 after buying an additional 945 shares during the last quarter. Finally, Cypress Wealth Services LLC acquired a new position in shares of MSA Safety in the fourth quarter valued at approximately $224,000. 67.91% of the stock is owned by institutional investors and hedge funds.
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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