Wall Street brokerages expect that MSA Safety Inc (NYSE:MSA) will report $1.17 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for MSA Safety’s earnings, with estimates ranging from $1.06 to $1.23. MSA Safety posted earnings of $1.07 per share in the same quarter last year, which would indicate a positive year over year growth rate of 9.3%. The business is scheduled to announce its next earnings results on Wednesday, July 24th.
According to Zacks, analysts expect that MSA Safety will report full year earnings of $4.83 per share for the current year, with EPS estimates ranging from $4.70 to $5.00. For the next financial year, analysts expect that the firm will post earnings of $5.31 per share, with EPS estimates ranging from $5.11 to $5.53. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that follow MSA Safety.
MSA Safety (NYSE:MSA) last announced its quarterly earnings results on Wednesday, April 24th. The industrial products company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.03. MSA Safety had a return on equity of 27.93% and a net margin of 8.47%. The business had revenue of $326.00 million during the quarter, compared to the consensus estimate of $340.46 million. During the same quarter last year, the firm posted $1.01 EPS. The company’s quarterly revenue was up .0% on a year-over-year basis.
In related news, CFO Kenneth D. Krause sold 3,800 shares of the firm’s stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $104.00, for a total value of $395,200.00. Following the transaction, the chief financial officer now owns 20,308 shares in the company, valued at $2,112,032. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Douglas K. Mcclaine sold 10,000 shares of the firm’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $109.80, for a total value of $1,098,000.00. The disclosure for this sale can be found here. Insiders have sold 30,297 shares of company stock valued at $3,262,380 in the last three months. Insiders own 9.12% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Louisiana State Employees Retirement System grew its position in MSA Safety by 1.1% in the first quarter. Louisiana State Employees Retirement System now owns 9,400 shares of the industrial products company’s stock valued at $972,000 after acquiring an additional 100 shares during the last quarter. State of Tennessee Treasury Department grew its position in MSA Safety by 2.0% in the fourth quarter. State of Tennessee Treasury Department now owns 49,827 shares of the industrial products company’s stock valued at $4,697,000 after acquiring an additional 990 shares during the last quarter. California State Teachers Retirement System grew its position in MSA Safety by 2.3% in the fourth quarter. California State Teachers Retirement System now owns 53,379 shares of the industrial products company’s stock valued at $5,032,000 after acquiring an additional 1,203 shares during the last quarter. Mackay Shields LLC bought a new position in MSA Safety in the fourth quarter valued at about $1,078,000. Finally, Bank of America Corp DE grew its position in MSA Safety by 7.8% in the fourth quarter. Bank of America Corp DE now owns 128,705 shares of the industrial products company’s stock valued at $12,133,000 after acquiring an additional 9,284 shares during the last quarter. Institutional investors own 74.15% of the company’s stock.
Shares of MSA traded up $3.05 during midday trading on Friday, reaching $106.67. 165,215 shares of the stock were exchanged, compared to its average volume of 173,695. MSA Safety has a twelve month low of $86.72 and a twelve month high of $113.06. The company has a current ratio of 2.53, a quick ratio of 1.88 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $4.00 billion, a P/E ratio of 23.70 and a beta of 1.29. The firm has a 50 day moving average of $102.70.
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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