MSA Safety Inc (NYSE:MSA) Expected to Announce Quarterly Sales of $347.11 Million

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Brokerages expect MSA Safety Inc (NYSE:MSA) to announce $347.11 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for MSA Safety’s earnings, with the highest sales estimate coming in at $350.22 million and the lowest estimate coming in at $345.10 million. MSA Safety posted sales of $331.10 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 4.8%. The firm is expected to announce its next earnings report on Wednesday, October 23rd.

According to Zacks, analysts expect that MSA Safety will report full year sales of $1.42 billion for the current financial year, with estimates ranging from $1.41 billion to $1.42 billion. For the next year, analysts expect that the company will post sales of $1.50 billion, with estimates ranging from $1.48 billion to $1.51 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover MSA Safety.

MSA Safety (NYSE:MSA) last issued its quarterly earnings data on Wednesday, July 24th. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.05. The firm had revenue of $349.68 million during the quarter, compared to analysts’ expectations of $351.73 million. MSA Safety had a return on equity of 28.35% and a net margin of 8.89%. MSA Safety’s revenue was up 3.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.07 earnings per share.

Several brokerages recently issued reports on MSA. ValuEngine cut MSA Safety from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Zacks Investment Research cut MSA Safety from a “buy” rating to a “hold” rating in a report on Thursday, June 27th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $108.33.

In other MSA Safety 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 completion of the sale, the vice president now owns 17,093 shares of the company’s stock, valued at $1,934,243.88. The transaction was disclosed in a document filed with the SEC, which is available through 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 sale, the vice president now directly owns 6,497 shares of the company’s stock, valued at approximately $691,410.74. The disclosure for this sale can be found here. 9.12% of the stock is owned by insiders.

Hedge funds have recently bought and sold shares of the business. Icon Wealth Partners LLC purchased a new stake in MSA Safety during the first quarter valued at about $30,000. Krane Funds Advisors LLC purchased a new stake in MSA Safety during the second quarter valued at about $60,000. BerganKDV Wealth Management LLC purchased a new stake in MSA Safety during the first quarter valued at about $155,000. Acadian Asset Management LLC purchased a new stake in MSA Safety during the second quarter valued at about $164,000. Finally, Piedmont Investment Advisors Inc. purchased a new stake in MSA Safety during the first quarter valued at about $204,000. 75.13% of the stock is owned by hedge funds and other institutional investors.

Shares of MSA stock opened at $112.23 on Thursday. The stock has a fifty day moving average price of $104.37 and a 200 day moving average price of $104.52. The stock has a market cap of $4.38 billion, a PE ratio of 24.94 and a beta of 1.24. MSA Safety has a 1 year low of $86.72 and a 1 year high of $114.64. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.94 and a current ratio of 2.67.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 20th were given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date was Monday, August 19th. MSA Safety’s dividend payout ratio is currently 37.33%.

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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