$353.93 Million in Sales Expected for MSA Safety Inc (NYSE:MSA) This Quarter
Equities research analysts predict that MSA Safety Inc (NYSE:MSA) will announce $353.93 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for MSA Safety’s earnings, with estimates ranging from $345.00 million to $360.50 million. MSA Safety posted sales of $339.33 million during the same quarter last year, which suggests a positive year over year growth rate of 4.3%. The company is scheduled to announce its next earnings report on Wednesday, July 24th.
According to Zacks, analysts expect that MSA Safety will report full-year sales of $1.43 billion for the current fiscal year, with estimates ranging from $1.41 billion to $1.44 billion. For the next fiscal year, analysts forecast that the business will report sales of $1.50 billion, with estimates ranging from $1.49 billion to $1.51 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that follow MSA Safety.
MSA Safety (NYSE:MSA) last announced its quarterly earnings data on Wednesday, April 24th. The industrial products company reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.03. The company had revenue of $326.00 million for the quarter, compared to analyst estimates of $340.46 million. MSA Safety had a return on equity of 27.93% and a net margin of 8.47%. The firm’s revenue for the quarter was up .0% on a year-over-year basis. During the same quarter last year, the firm posted $1.01 EPS.
In other news, Director John T. Ryan III sold 2,094 shares of MSA Safety stock in a transaction on Friday, May 24th. The stock was sold at an average price of $103.09, for a total transaction of $215,870.46. Following the transaction, the director now owns 1,014,566 shares in the company, valued at approximately $104,591,608.94. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Steven C. Sr. Blanco sold 4,695 shares of MSA Safety stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $108.19, for a total value of $507,952.05. Following the transaction, the vice president now owns 11,589 shares in the company, valued at approximately $1,253,813.91. The disclosure for this sale can be found here. In the last quarter, insiders have sold 26,497 shares of company stock worth $2,867,180. Insiders own 9.12% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of MSA. Vanguard Group Inc raised its holdings in shares of MSA Safety by 1.9% during the 3rd quarter. Vanguard Group Inc now owns 3,459,763 shares of the industrial products company’s stock worth $368,257,000 after acquiring an additional 64,529 shares during the period. Bank of Montreal Can raised its holdings in shares of MSA Safety by 12.2% during the 4th quarter. Bank of Montreal Can now owns 3,621 shares of the industrial products company’s stock worth $341,000 after acquiring an additional 394 shares during the period. Strs Ohio raised its holdings in shares of MSA Safety by 24.2% during the 4th quarter. Strs Ohio now owns 4,100 shares of the industrial products company’s stock worth $386,000 after acquiring an additional 800 shares during the period. Quantamental Technologies LLC purchased a new position in shares of MSA Safety during the 4th quarter worth $28,000. Finally, Crossmark Global Holdings Inc. raised its holdings in shares of MSA Safety by 26.9% during the 4th quarter. Crossmark Global Holdings Inc. now owns 4,393 shares of the industrial products company’s stock worth $414,000 after acquiring an additional 930 shares during the period. Institutional investors and hedge funds own 74.34% of the company’s stock.
Shares of MSA stock opened at $102.71 on Thursday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.88 and a current ratio of 2.53. The firm has a market capitalization of $3.98 billion, a price-to-earnings ratio of 22.82 and a beta of 1.32. MSA Safety has a fifty-two week low of $86.72 and a fifty-two week high of $113.06.
The company also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Monday, May 20th were issued a $0.42 dividend. The ex-dividend date was Friday, May 17th. This represents a $1.68 dividend on an annualized basis and a yield of 1.64%. This is a positive change from MSA Safety’s previous quarterly dividend of $0.38. MSA Safety’s dividend payout ratio (DPR) is presently 37.33%.
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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