Zacks: Brokerages Expect MSA Safety Incorporated (NYSE:MSA) Will Announce Quarterly Sales of $366.35 Million

Equities analysts expect MSA Safety Incorporated (NYSE:MSAGet Rating) to post $366.35 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for MSA Safety’s earnings, with the highest sales estimate coming in at $368.90 million and the lowest estimate coming in at $363.80 million. MSA Safety reported sales of $341.29 million during the same quarter last year, which indicates a positive year over year growth rate of 7.3%. The company is expected to issue its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that MSA Safety will report full year sales of $1.51 billion for the current financial year, with estimates ranging from $1.51 billion to $1.52 billion. For the next financial year, analysts anticipate that the firm will post sales of $1.62 billion, with estimates ranging from $1.61 billion to $1.64 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow MSA Safety.

MSA Safety (NYSE:MSAGet Rating) last announced its earnings results on Wednesday, April 27th. The industrial products company reported $1.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.95 by $0.15. MSA Safety had a net margin of 1.27% and a return on equity of 22.48%. During the same quarter last year, the firm earned $0.95 EPS.

MSA has been the subject of several recent research reports. TheStreet downgraded MSA Safety from a “b-” rating to a “c” rating in a report on Friday, February 18th. StockNews.com initiated coverage on MSA Safety in a report on Thursday, March 31st. They set a “hold” rating for the company. Finally, Zacks Investment Research downgraded MSA Safety from a “hold” rating to a “sell” rating in a report on Saturday, April 30th. One analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $166.86.

In other MSA Safety news, Director John T. Ryan III sold 27,500 shares of the firm’s stock in a transaction on Wednesday, February 23rd. The stock was sold at an average price of $137.36, for a total value of $3,777,400.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 6.49% of the stock is currently owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. CWM LLC purchased a new position in shares of MSA Safety in the fourth quarter valued at $25,000. Covestor Ltd purchased a new position in shares of MSA Safety in the fourth quarter valued at $26,000. Confluence Wealth Services Inc. purchased a new position in shares of MSA Safety in the fourth quarter valued at $56,000. Consolidated Planning Corp purchased a new position in shares of MSA Safety in the third quarter valued at $57,000. Finally, Lindbrook Capital LLC purchased a new position in shares of MSA Safety in the fourth quarter valued at $71,000. 78.23% of the stock is owned by institutional investors.

Shares of MSA opened at $119.34 on Wednesday. The company has a current ratio of 2.47, a quick ratio of 1.51 and a debt-to-equity ratio of 0.69. The business’s 50 day simple moving average is $130.48. MSA Safety has a 12-month low of $115.10 and a 12-month high of $172.31. The stock has a market capitalization of $4.69 billion, a price-to-earnings ratio of 265.21 and a beta of 0.94.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 10th. Shareholders of record on Monday, May 16th will be issued a $0.46 dividend. The ex-dividend date is Friday, May 13th. This represents a $1.84 dividend on an annualized basis and a yield of 1.54%. This is an increase from MSA Safety’s previous quarterly dividend of $0.44. MSA Safety’s dividend payout ratio (DPR) is 391.12%.

About MSA Safety (Get Rating)

MSA Safety Incorporated develops, manufactures, and supplies safety products that protect people and facility infrastructures in the oil, gas, petrochemical, fire service, construction, industrial manufacturing applications, utilities, military, and mining industries in North America, Latin America, and internationally.

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