MSA Safety Inc (MSA) Expected to Announce Quarterly Sales of $325.53 Million

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Equities analysts predict that MSA Safety Inc (NYSE:MSA) will report $325.53 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for MSA Safety’s earnings, with the highest sales estimate coming in at $326.20 million and the lowest estimate coming in at $324.85 million. MSA Safety posted sales of $296.13 million during the same quarter last year, which suggests a positive year over year growth rate of 9.9%. The business is expected to report its next quarterly 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 expect that the firm will post sales of $1.44 billion, with estimates ranging from $1.43 billion to $1.44 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover MSA Safety.

MSA Safety (NYSE:MSA) last posted its earnings results on Wednesday, July 25th. The industrial products company reported $1.07 EPS for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.04). MSA Safety had a return on equity of 27.00% and a net margin of 4.94%. The company had revenue of $339.33 million during the quarter, compared to the consensus estimate of $339.79 million. During the same period last year, the firm posted $0.85 EPS. The company’s revenue for the quarter was up 17.5% on a year-over-year basis.

A number of equities research analysts have commented on MSA shares. Stifel Nicolaus lifted their target price on shares of MSA Safety from $100.00 to $108.00 and gave the stock a “buy” rating in a research report on Friday, July 27th. ValuEngine raised shares of MSA Safety from a “hold” rating to a “buy” rating in a research report on Friday, July 20th. Finally, Zacks Investment Research downgraded shares of MSA Safety from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 27th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $100.00.

Several institutional investors have recently modified their holdings of the company. BlackRock Inc. boosted its stake in shares of MSA Safety by 4.4% during the 2nd quarter. BlackRock Inc. now owns 3,879,344 shares of the industrial products company’s stock worth $373,736,000 after acquiring an additional 162,191 shares during the last quarter. Northern Trust Corp lifted its stake in shares of MSA Safety by 3.0% during the 2nd quarter. Northern Trust Corp now owns 590,076 shares of the industrial products company’s stock valued at $56,849,000 after buying an additional 17,277 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of MSA Safety by 34.2% during the 2nd quarter. American Century Companies Inc. now owns 396,814 shares of the industrial products company’s stock valued at $38,229,000 after buying an additional 101,019 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its stake in shares of MSA Safety by 8.4% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 236,221 shares of the industrial products company’s stock valued at $22,758,000 after buying an additional 18,285 shares in the last quarter. Finally, Wedge Capital Management L L P NC purchased a new position in shares of MSA Safety during the 2nd quarter valued at $22,607,000. Institutional investors and hedge funds own 71.28% of the company’s stock.

NYSE:MSA traded down $0.35 during trading hours on Monday, reaching $93.88. The company had a trading volume of 184,134 shares, compared to its average volume of 177,761. The company has a current ratio of 2.15, a quick ratio of 1.53 and a debt-to-equity ratio of 0.64. MSA Safety has a 52 week low of $71.47 and a 52 week high of $108.86. The company has a market cap of $4.09 billion, a PE ratio of 24.26 and a beta of 1.30.

MSA Safety 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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