$1.15 EPS Expected for MSA Safety Inc (NYSE:MSA) This Quarter

Analysts predict that MSA Safety Inc (NYSE:MSA) will post $1.15 earnings per share (EPS) for the current quarter, Zacks reports. Three analysts have made estimates for MSA Safety’s earnings. The lowest EPS estimate is $1.12 and the highest is $1.17. MSA Safety reported earnings per share of $1.16 during the same quarter last year, which suggests a negative year-over-year growth rate of 0.9%. The company is expected to issue its next quarterly earnings results on Wednesday, October 23rd.

According to Zacks, analysts expect that MSA Safety will report full-year earnings of $4.88 per share for the current year, with EPS estimates ranging from $4.75 to $5.00. For the next financial year, analysts forecast that the business will post earnings of $5.33 per share, with EPS estimates ranging from $5.20 to $5.45. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that that provide coverage for MSA Safety.

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

Several brokerages recently weighed in on MSA. ValuEngine downgraded MSA Safety from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Zacks Investment Research downgraded MSA Safety from a “hold” rating to a “sell” rating in a report on Wednesday, September 25th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $108.33.

In other MSA Safety news, VP Douglas K. Mcclaine sold 6,000 shares of the stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $113.16, for a total value of $678,960.00. Following the completion of the transaction, the vice president now owns 17,093 shares in the company, valued at $1,934,243.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Bob Willem Leenen sold 871 shares of the stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $106.42, for a total value of $92,691.82. Following the completion of the transaction, the vice president now owns 6,497 shares of the company’s stock, valued at approximately $691,410.74. The disclosure for this sale can be found here. Corporate insiders own 9.12% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in MSA. Swiss National Bank boosted its position in shares of MSA Safety by 2.3% during the 2nd quarter. Swiss National Bank now owns 68,100 shares of the industrial products company’s stock valued at $7,177,000 after acquiring an additional 1,500 shares during the last quarter. WINTON GROUP Ltd grew its holdings in MSA Safety by 20.8% during the second quarter. WINTON GROUP Ltd now owns 3,627 shares of the industrial products company’s stock worth $382,000 after purchasing an additional 625 shares during the period. UBS Asset Management Americas Inc. grew its holdings in MSA Safety by 116.6% during the second quarter. UBS Asset Management Americas Inc. now owns 822,027 shares of the industrial products company’s stock worth $86,633,000 after purchasing an additional 442,553 shares during the period. Municipal Employees Retirement System of Michigan grew its holdings in MSA Safety by 1.6% during the second quarter. Municipal Employees Retirement System of Michigan now owns 6,480 shares of the industrial products company’s stock worth $683,000 after purchasing an additional 100 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in MSA Safety by 1.1% during the second quarter. Charles Schwab Investment Management Inc. now owns 267,662 shares of the industrial products company’s stock worth $28,209,000 after purchasing an additional 2,996 shares during the period. Hedge funds and other institutional investors own 75.13% of the company’s stock.

Shares of NYSE MSA traded up $4.61 during mid-day trading on Friday, hitting $113.59. 2,060 shares of the company were exchanged, compared to its average volume of 140,179. The company has a quick ratio of 1.94, a current ratio of 2.67 and a debt-to-equity ratio of 0.61. The stock has a 50 day simple moving average of $106.88 and a 200-day simple moving average of $105.22. MSA Safety has a 1-year low of $86.72 and a 1-year high of $114.64. The firm has a market cap of $4.14 billion, a price-to-earnings ratio of 25.16 and a beta of 1.21.

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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