Wall Street brokerages expect that MSA Safety Inc (NYSE:MSA) will announce $1.04 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for MSA Safety’s earnings. MSA Safety posted earnings per share of $0.92 during the same quarter last year, which would suggest a positive year over year growth rate of 13%. The company is expected to announce its next quarterly earnings results on Thursday, October 18th.

On average, analysts expect that MSA Safety will report full-year earnings of $4.49 per share for the current year, with EPS estimates ranging from $4.48 to $4.50. For the next financial year, analysts anticipate that the company will report earnings of $5.03 per share, with EPS estimates ranging from $5.00 to $5.05. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that follow MSA Safety.

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

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

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in MSA Safety in the 2nd quarter worth approximately $887,000. Federated Investors Inc. PA raised its holdings in MSA Safety by 62.8% in the 2nd quarter. Federated Investors Inc. PA now owns 133,402 shares of the industrial products company’s stock worth $12,852,000 after acquiring an additional 51,455 shares during the last quarter. Strs Ohio raised its holdings in MSA Safety by 50.0% in the 2nd quarter. Strs Ohio now owns 3,000 shares of the industrial products company’s stock worth $289,000 after acquiring an additional 1,000 shares during the last quarter. BlackRock Inc. raised its holdings in MSA Safety by 4.4% in the 2nd quarter. BlackRock Inc. now owns 3,879,344 shares of the industrial products company’s stock worth $373,736,000 after acquiring an additional 162,191 shares during the last quarter. Finally, MetLife Investment Advisors LLC raised its holdings in MSA Safety by 4.0% in the 2nd quarter. MetLife Investment Advisors LLC now owns 36,977 shares of the industrial products company’s stock worth $3,562,000 after acquiring an additional 1,431 shares during the last quarter. Institutional investors own 71.28% of the company’s stock.

Shares of MSA stock traded down $0.35 during trading hours on Friday, hitting $93.88. 184,134 shares of the company’s stock traded hands, compared to its average volume of 177,761. MSA Safety has a 12-month low of $71.47 and a 12-month high of $108.86. The firm has a market capitalization of $4.09 billion, a price-to-earnings ratio of 24.26 and a beta of 1.30. 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 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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