Equities research analysts predict that MSA Safety Inc (NYSE:MSA) will post earnings per share of $1.15 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for MSA Safety’s earnings, with the lowest EPS estimate coming in at $1.12 and the highest estimate coming in at $1.17. MSA Safety posted earnings of $1.16 per share in the same quarter last year, which indicates a negative year over year growth rate of 0.9%. The business is expected to report its next quarterly earnings results on Wednesday, October 23rd.
On average, analysts expect that MSA Safety will report full year earnings of $4.88 per share for the current year, with EPS estimates ranging from $4.75 to $5.00. For the next year, analysts expect that the firm will report earnings of $5.33 per share, with EPS estimates ranging from $5.20 to $5.45. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that follow MSA Safety.
MSA Safety (NYSE:MSA) last announced its quarterly earnings results on Wednesday, July 24th. The industrial products company reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $1.17 by $0.05. MSA Safety had a return on equity of 28.35% and a net margin of 8.89%. The company had revenue of $349.68 million during the quarter, compared to analysts’ expectations of $351.73 million. During the same quarter in the previous year, the firm earned $1.07 earnings per share. The business’s quarterly revenue was up 3.0% compared to the same quarter last year.
In related news, VP Douglas K. Mcclaine sold 6,000 shares of the business’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $113.16, for a total transaction of $678,960.00. Following the transaction, the vice president now directly owns 17,093 shares in the company, valued at $1,934,243.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Bob Willem Leenen sold 871 shares of the business’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $106.42, for a total value of $92,691.82. Following the transaction, the vice president now owns 6,497 shares in the company, valued at $691,410.74. The disclosure for this sale can be found here. Insiders own 9.12% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Diversified Trust Co increased its stake in MSA Safety by 5.3% during the third quarter. Diversified Trust Co now owns 4,265 shares of the industrial products company’s stock valued at $465,000 after acquiring an additional 215 shares during the period. State of Alaska Department of Revenue bought a new position in MSA Safety during the third quarter valued at about $690,000. Hancock Whitney Corp bought a new position in MSA Safety during the second quarter valued at about $627,000. Royal Bank of Canada increased its stake in MSA Safety by 30.6% during the second quarter. Royal Bank of Canada now owns 13,530 shares of the industrial products company’s stock valued at $1,426,000 after acquiring an additional 3,174 shares during the period. Finally, UBS Group AG increased its stake in MSA Safety by 30.6% during the second quarter. UBS Group AG now owns 72,513 shares of the industrial products company’s stock valued at $7,642,000 after acquiring an additional 16,996 shares during the period. Hedge funds and other institutional investors own 75.13% of the company’s stock.
Shares of NYSE:MSA traded up $4.61 on Friday, reaching $113.59. The company had a trading volume of 2,060 shares, compared to its average volume of 140,179. MSA Safety has a twelve month low of $86.72 and a twelve month high of $114.64. The stock has a 50-day moving average price of $106.88 and a 200 day moving average price of $105.22. The stock has a market capitalization of $4.14 billion, a P/E ratio of 25.16 and a beta of 1.21. The company has a quick ratio of 1.94, a current ratio of 2.67 and a debt-to-equity ratio of 0.61.
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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