Wall Street brokerages expect MSA Safety Inc (NYSE:MSA) to report sales of $325.53 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for MSA Safety’s earnings, with the lowest sales estimate coming in at $324.85 million and the highest estimate coming in at $326.20 million. MSA Safety posted sales of $296.13 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 9.9%. The firm is expected to issue its next earnings results on Thursday, October 18th.
According to Zacks, analysts expect that MSA Safety will report full-year sales of $1.36 billion for the current fiscal year. For the next year, analysts forecast that the business will post sales of $1.44 billion, with estimates ranging from $1.43 billion to $1.44 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for MSA Safety.
MSA Safety (NYSE:MSA) last released its quarterly earnings data on Wednesday, July 25th. The industrial products company reported $1.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.11 by ($0.04). MSA Safety had a net margin of 4.94% and a return on equity of 27.00%. The company had revenue of $339.33 million during the quarter, compared to analyst estimates of $339.79 million. During the same quarter in the prior year, the company earned $0.85 EPS. The business’s revenue was up 17.5% on a year-over-year basis.
MSA has been the subject of several research analyst reports. Stifel Nicolaus upped their price objective on shares of MSA Safety from $100.00 to $108.00 and gave the company a “buy” rating in a research note on Friday, July 27th. Zacks Investment Research downgraded shares of MSA Safety from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 27th. Finally, ValuEngine upgraded shares of MSA Safety from a “hold” rating to a “buy” rating in a research note on Friday, July 20th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $100.00.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Royal London Asset Management Ltd. acquired a new position in MSA Safety in the second quarter valued at $2,017,000. Northern Trust Corp boosted its stake in shares of MSA Safety by 3.0% during the second quarter. Northern Trust Corp now owns 590,076 shares of the industrial products company’s stock worth $56,849,000 after buying an additional 17,277 shares during the period. Millennium Management LLC acquired a new stake in shares of MSA Safety during the second quarter worth about $7,281,000. Select Equity Group L.P. acquired a new stake in shares of MSA Safety during the second quarter worth about $19,694,000. Finally, Waddell & Reed Financial Inc. boosted its stake in shares of MSA Safety by 2.6% during the second quarter. Waddell & Reed Financial Inc. now owns 145,240 shares of the industrial products company’s stock worth $13,992,000 after buying an additional 3,740 shares during the period. Institutional investors own 71.22% of the company’s stock.
NYSE MSA traded down $2.15 during trading hours on Friday, hitting $105.06. The company had a trading volume of 163,400 shares, compared to its average volume of 179,952. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.15 and a quick ratio of 1.53. MSA Safety has a 1-year low of $71.47 and a 1-year high of $108.86. The company has a market capitalization of $4.09 billion, a PE ratio of 27.51 and a beta of 1.32.
The business also recently disclosed a quarterly dividend, which was paid on Monday, September 10th. Shareholders of record on Monday, August 20th were paid a $0.38 dividend. The ex-dividend date was Friday, August 17th. This represents a $1.52 annualized dividend and a yield of 1.45%. MSA Safety’s dividend payout ratio is presently 39.28%.
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, utilities, and mining industries worldwide. It operates through Americas and International segments. The company's core product offerings include permanently installed fixed gas and flame detection instruments, such as permanently installed gas detection monitoring systems, and flame detectors and open-path infrared gas detectors, as well as replacement components and related services to detect the presence or absence of various gases in the air.
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