MSA Safety (NYSE:MSA) Issues Earnings Results, Beats Estimates By $0.05 EPS

MSA Safety (NYSE:MSA) posted its quarterly earnings results on Wednesday. The industrial products company reported $1.83 earnings per share for the quarter, topping the consensus estimate of $1.78 by $0.05, Briefing.com reports. The business had revenue of $432.68 million during the quarter, compared to the consensus estimate of $449.95 million. MSA Safety had a return on equity of 30.64% and a net margin of 14.97%. The firm’s revenue for the quarter was down 3.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.78 EPS.

MSA Safety Trading Up 1.3 %

NYSE:MSA traded up $2.25 during midday trading on Friday, hitting $169.17. The stock had a trading volume of 8,334 shares, compared to its average volume of 151,080. The stock has a 50-day moving average of $175.36 and a 200 day moving average of $182.09. The company has a market capitalization of $6.66 billion, a price-to-earnings ratio of 24.27 and a beta of 0.99. MSA Safety has a one year low of $155.34 and a one year high of $200.60. The company has a quick ratio of 1.54, a current ratio of 2.45 and a debt-to-equity ratio of 0.55.

MSA Safety Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th were paid a $0.51 dividend. The ex-dividend date was Thursday, August 15th. This represents a $2.04 dividend on an annualized basis and a yield of 1.21%. MSA Safety’s dividend payout ratio is currently 29.65%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. William Blair raised shares of MSA Safety to a “strong-buy” rating in a research note on Tuesday, July 16th. Stifel Nicolaus upped their target price on shares of MSA Safety from $200.00 to $215.00 and gave the company a “buy” rating in a research report on Friday, July 26th.

Insider Buying and Selling at MSA Safety

In other MSA Safety news, CEO Nishan J. Vartanian sold 3,945 shares of the stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $189.00, for a total transaction of $745,605.00. Following the transaction, the chief executive officer now directly owns 31,953 shares in the company, valued at $6,039,117. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 6.20% of the stock is currently owned by corporate insiders.

About MSA Safety

MSA Safety Incorporated develops, manufactures, and supplies safety products and technology solutions that protect people and facility infrastructures in the fire service, energy, utility, construction, and industrial manufacturing applications, as well as heating, ventilation, air conditioning, and refrigeration industries worldwide.