Brokerages Expect Mine Safety Appliances (MSA) to Announce $0.83 EPS

Wall Street brokerages forecast that Mine Safety Appliances (NYSE:MSA) will report $0.83 earnings per share (EPS) for the current quarter, according to Zacks. Three analysts have made estimates for Mine Safety Appliances’ earnings. The lowest EPS estimate is $0.78 and the highest is $0.85. Mine Safety Appliances reported earnings of $0.58 per share in the same quarter last year, which indicates a positive year over year growth rate of 43.1%. The firm is expected to report its next earnings results after the market closes on Monday, April 23rd.

According to Zacks, analysts expect that Mine Safety Appliances will report full-year earnings of $4.25 per share for the current fiscal year, with EPS estimates ranging from $4.14 to $4.30. For the next financial year, analysts expect that the company will post earnings of $4.71 per share, with EPS estimates ranging from $4.53 to $4.84. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that follow Mine Safety Appliances.

Mine Safety Appliances (NYSE:MSA) last posted its quarterly earnings results on Tuesday, February 20th. The industrial products company reported $1.31 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.00 by $0.31. The company had revenue of $346.00 million during the quarter, compared to analyst estimates of $326.62 million. Mine Safety Appliances had a net margin of 2.17% and a return on equity of 23.91%. The firm’s revenue for the quarter was up 16.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.78 earnings per share.

MSA has been the topic of a number of recent analyst reports. Robert W. Baird raised shares of Mine Safety Appliances from a “neutral” rating to an “outperform” rating and set a $89.00 price target on the stock in a report on Thursday, February 22nd. TheStreet downgraded shares of Mine Safety Appliances from an “a-” rating to a “c+” rating in a research note on Tuesday, February 20th. Finally, Zacks Investment Research raised shares of Mine Safety Appliances from a “hold” rating to a “buy” rating and set a $92.00 price target on the stock in a research note on Saturday, February 24th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $90.00.

In other Mine Safety Appliances news, insider Kerry M. Bove sold 4,276 shares of the company’s stock in a transaction that occurred on Friday, March 9th. The stock was sold at an average price of $85.24, for a total value of $364,486.24. Following the completion of the transaction, the insider now directly owns 58,881 shares in the company, valued at approximately $5,019,016.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Nishan J. Vartanian sold 7,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 13th. The stock was sold at an average price of $83.49, for a total value of $584,430.00. Following the completion of the transaction, the chief operating officer now owns 25,260 shares of the company’s stock, valued at $2,108,957.40. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 14,942 shares of company stock valued at $1,257,437. Corporate insiders own 9.90% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. New York State Common Retirement Fund increased its stake in Mine Safety Appliances by 0.9% in the third quarter. New York State Common Retirement Fund now owns 76,117 shares of the industrial products company’s stock worth $6,052,000 after purchasing an additional 705 shares during the period. Great West Life Assurance Co. Can boosted its position in Mine Safety Appliances by 4.0% during the third quarter. Great West Life Assurance Co. Can now owns 19,695 shares of the industrial products company’s stock valued at $1,590,000 after purchasing an additional 757 shares in the last quarter. Legal & General Group Plc boosted its position in Mine Safety Appliances by 17.5% during the third quarter. Legal & General Group Plc now owns 28,958 shares of the industrial products company’s stock valued at $2,305,000 after purchasing an additional 4,303 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Mine Safety Appliances by 77.8% during the third quarter. JPMorgan Chase & Co. now owns 87,602 shares of the industrial products company’s stock valued at $7,077,000 after purchasing an additional 38,337 shares in the last quarter. Finally, Wells Fargo & Company MN raised its stake in Mine Safety Appliances by 184.5% in the third quarter. Wells Fargo & Company MN now owns 119,442 shares of the industrial products company’s stock valued at $9,496,000 after buying an additional 77,462 shares during the last quarter. Institutional investors own 69.54% of the company’s stock.

NYSE:MSA traded down $0.80 on Monday, reaching $89.01. 219,591 shares of the company’s stock were exchanged, compared to its average volume of 203,340. The company has a quick ratio of 1.62, a current ratio of 2.15 and a debt-to-equity ratio of 0.75. The firm has a market capitalization of $3,433.12, a PE ratio of 23.00 and a beta of 1.46. Mine Safety Appliances has a 52 week low of $65.95 and a 52 week high of $90.58.

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Mine Safety Appliances Company Profile

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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