FY2018 EPS Estimates for MSA Safety Incorporporated (MSA) Boosted by Analyst

MSA Safety Incorporporated (NYSE:MSA) – Investment analysts at Seaport Global Securities lifted their FY2018 earnings per share (EPS) estimates for MSA Safety Incorporporated in a research note issued on Monday. Seaport Global Securities analyst W. Liptak now forecasts that the industrial products company will post earnings per share of $3.71 for the year, up from their prior forecast of $3.59.

Several other equities analysts also recently commented on the stock. Zacks Investment Research downgraded shares of MSA Safety Incorporporated from a “buy” rating to a “hold” rating in a research note on Wednesday. Stifel Nicolaus restated a “buy” rating and issued a $91.00 price target on shares of MSA Safety Incorporporated in a research report on Friday, August 4th. BidaskClub cut shares of MSA Safety Incorporporated from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 1st. Robert W. Baird upped their price target on shares of MSA Safety Incorporporated from $82.00 to $84.00 and gave the company an “outperform” rating in a research report on Friday, June 30th. Finally, Barrington Research upped their price target on shares of MSA Safety Incorporporated from $78.00 to $88.00 and gave the company an “outperform” rating in a research report on Thursday, April 27th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $87.50.

TRADEMARK VIOLATION NOTICE: “FY2018 EPS Estimates for MSA Safety Incorporporated (MSA) Boosted by Analyst” was reported by Community Financial News and is the property of of Community Financial News. If you are accessing this article on another domain, it was stolen and republished in violation of United States & international copyright & trademark legislation. The legal version of this article can be read at https://www.com-unik.info/2017/08/10/fy2018-eps-estimates-for-msa-safety-incorporporated-msa-boosted-by-analyst.html.

Shares of MSA Safety Incorporporated (MSA) traded down 1.637% during mid-day trading on Tuesday, hitting $67.595. 105,774 shares of the company were exchanged. MSA Safety Incorporporated has a 12-month low of $53.10 and a 12-month high of $84.86. The firm has a market capitalization of $2.57 billion, a P/E ratio of 34.053 and a beta of 1.62. The company’s 50-day moving average price is $78.81 and its 200-day moving average price is $75.06.

MSA Safety Incorporporated (NYSE:MSA) last issued its quarterly earnings results on Thursday, August 3rd. The industrial products company reported $0.85 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by $0.02. The company had revenue of $288.78 million during the quarter, compared to analyst estimates of $302.94 million. MSA Safety Incorporporated had a net margin of 6.74% and a return on equity of 19.64%. The business’s revenue for the quarter was down 2.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.79 EPS.

The firm also recently declared a quarterly dividend, which will be paid on Sunday, September 10th. Shareholders of record on Wednesday, August 16th will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 2.04%. The ex-dividend date is Monday, August 14th. MSA Safety Incorporporated’s dividend payout ratio (DPR) is currently 71.07%.

In other MSA Safety Incorporporated news, Director L Edward Shaw, Jr. sold 26,250 shares of the company’s stock in a transaction that occurred on Friday, May 12th. The shares were sold at an average price of $78.07, for a total value of $2,049,337.50. Following the completion of the transaction, the director now directly owns 493,962 shares in the company, valued at approximately $38,563,613.34. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 15.53% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. BlackRock Inc. boosted its position in shares of MSA Safety Incorporporated by 20,572.3% in the first quarter. BlackRock Inc. now owns 3,192,629 shares of the industrial products company’s stock valued at $225,685,000 after buying an additional 3,177,185 shares during the period. Vanguard Group Inc. boosted its position in shares of MSA Safety Incorporporated by 8.8% in the first quarter. Vanguard Group Inc. now owns 3,060,446 shares of the industrial products company’s stock valued at $216,344,000 after buying an additional 247,532 shares during the period. State Street Corp boosted its position in shares of MSA Safety Incorporporated by 117.4% in the first quarter. State Street Corp now owns 2,098,154 shares of the industrial products company’s stock valued at $148,317,000 after buying an additional 1,133,038 shares during the period. Bank of New York Mellon Corp boosted its position in shares of MSA Safety Incorporporated by 10.7% in the second quarter. Bank of New York Mellon Corp now owns 1,287,775 shares of the industrial products company’s stock valued at $104,529,000 after buying an additional 124,825 shares during the period. Finally, Principal Financial Group Inc. boosted its position in shares of MSA Safety Incorporporated by 96.4% in the second quarter. Principal Financial Group Inc. now owns 851,097 shares of the industrial products company’s stock valued at $69,084,000 after buying an additional 417,796 shares during the period. Hedge funds and other institutional investors own 64.29% of the company’s stock.

About MSA Safety Incorporporated

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.

Earnings History and Estimates for MSA Safety Incorporporated (NYSE:MSA)

What are top analysts saying about MSA Safety Incorporporated? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for MSA Safety Incorporporated and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit