$0.80 EPS Expected for MSA Safety Incorporporated (MSA) This Quarter
Brokerages expect MSA Safety Incorporporated (NYSE:MSA) to announce earnings per share of $0.80 for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for MSA Safety Incorporporated’s earnings. The highest EPS estimate is $0.87 and the lowest is $0.70. MSA Safety Incorporporated reported earnings of $0.72 per share in the same quarter last year, which would suggest a positive year over year growth rate of 11.1%. The firm is scheduled to report its next quarterly earnings results on Thursday, October 26th.
On average, analysts expect that MSA Safety Incorporporated will report full year earnings of $3.24 per share for the current year, with EPS estimates ranging from $3.05 to $3.37. For the next financial year, analysts anticipate that the business will post earnings of $3.72 per share, with EPS estimates ranging from $3.55 to $3.86. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that cover MSA Safety Incorporporated.
MSA Safety Incorporporated (NYSE:MSA) last released its quarterly earnings results on Thursday, August 3rd. The industrial products company reported $0.85 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.87 by $0.02. MSA Safety Incorporporated had a net margin of 6.74% and a return on equity of 19.64%. The firm had revenue of $288.78 million for the quarter, compared to the consensus estimate of $302.94 million. During the same quarter last year, the company earned $0.79 earnings per share. The firm’s revenue was down 2.4% on a year-over-year basis.
A number of analysts recently issued reports on the stock. BidaskClub upgraded shares of MSA Safety Incorporporated from a “strong sell” rating to a “sell” rating in a report on Thursday, August 17th. Zacks Investment Research downgraded shares of MSA Safety Incorporporated from a “buy” rating to a “hold” rating in a report on Wednesday, August 9th. Stifel Nicolaus restated a “buy” rating and set a $91.00 price objective on shares of MSA Safety Incorporporated in a report on Friday, August 4th. Finally, Robert W. Baird raised their price objective on shares of MSA Safety Incorporporated from $82.00 to $84.00 and gave the stock an “outperform” rating in a report on Friday, June 30th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $87.50.
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Institutional investors have recently bought and sold shares of the company. Ameritas Investment Partners Inc. increased its position in MSA Safety Incorporporated by 2.0% in the second quarter. Ameritas Investment Partners Inc. now owns 12,311 shares of the industrial products company’s stock valued at $999,000 after buying an additional 242 shares during the last quarter. Martin & Co. Inc. TN increased its position in MSA Safety Incorporporated by 0.6% in the second quarter. Martin & Co. Inc. TN now owns 20,210 shares of the industrial products company’s stock valued at $1,640,000 after buying an additional 115 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its position in MSA Safety Incorporporated by 1.0% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 16,967 shares of the industrial products company’s stock valued at $1,377,000 after buying an additional 161 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in MSA Safety Incorporporated by 3.7% in the second quarter. The Manufacturers Life Insurance Company now owns 70,980 shares of the industrial products company’s stock valued at $5,762,000 after buying an additional 2,523 shares during the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new position in MSA Safety Incorporporated during the second quarter valued at $382,000. Hedge funds and other institutional investors own 68.24% of the company’s stock.
MSA Safety Incorporporated (MSA) traded up 0.62% during midday trading on Monday, reaching $71.83. 23,875 shares of the company’s stock were exchanged. The firm has a 50-day moving average price of $74.97 and a 200 day moving average price of $74.84. The company has a market cap of $2.74 billion, a price-to-earnings ratio of 36.19 and a beta of 1.62. MSA Safety Incorporporated has a 52 week low of $53.10 and a 52 week high of $84.86.
The firm also recently announced a quarterly dividend, which will be paid on Sunday, September 10th. Stockholders of record on Wednesday, August 16th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Monday, August 14th. This represents a $1.40 annualized dividend and a dividend yield of 1.96%. MSA Safety Incorporporated’s payout ratio is 71.07%.
MSA Safety Incorporporated Company Profile
Mine Safety Appliances Company is engaged in the development, manufacture and supply of products that protect people’s health and safety. The Company’s line of safety products is used by workers worldwide in the fire service, homeland security, oil and gas, construction and other industries, as well as the military.
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