Wall Street brokerages forecast that MSA Safety Inc (NYSE:MSA) will announce sales of $325.53 million for the current quarter, Zacks reports. Two analysts have issued 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 in the same quarter last year, which suggests a positive year-over-year growth rate of 9.9%. The firm is expected to report its next earnings report on Thursday, October 18th.

According to Zacks, analysts expect that MSA Safety will report full year sales of $1.36 billion for the current financial year. For the next fiscal year, analysts expect that the company will post sales of $1.44 billion, with estimates ranging from $1.43 billion to $1.44 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover MSA Safety.

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

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

Shares of MSA stock traded down $0.35 on Monday, reaching $93.88. The company’s stock had a trading volume of 184,134 shares, compared to its average volume of 177,761. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.53 and a current ratio of 2.15. MSA Safety has a 12-month low of $71.47 and a 12-month high of $108.86. The company has a market capitalization of $4.09 billion, a PE ratio of 24.26 and a beta of 1.30.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Livingston Group Asset Management CO operating as Southport Capital Management bought a new position in MSA Safety in the third quarter valued at $115,000. Envestnet Asset Management Inc. increased its stake in MSA Safety by 252.9% in the first quarter. Envestnet Asset Management Inc. now owns 1,200 shares of the industrial products company’s stock valued at $100,000 after acquiring an additional 860 shares during the last quarter. Vigilant Capital Management LLC increased its stake in MSA Safety by 100.0% in the second quarter. Vigilant Capital Management LLC now owns 1,680 shares of the industrial products company’s stock valued at $162,000 after acquiring an additional 840 shares during the last quarter. Diversified Trust Co bought a new position in MSA Safety in the second quarter valued at $226,000. Finally, Janney Montgomery Scott LLC bought a new position in MSA Safety in the second quarter valued at $226,000. 71.28% of the stock is currently owned by institutional investors and hedge funds.

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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