MSA Safety (NYSE:MSA) Releases Quarterly Earnings Results

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

MSA Safety Price Performance

MSA traded down $0.80 on Friday, hitting $166.12. 189,785 shares of the company were exchanged, compared to its average volume of 151,960. The business’s fifty day moving average is $175.14 and its 200 day moving average is $181.90. MSA Safety has a fifty-two week low of $155.34 and a fifty-two week high of $200.60. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.54 and a current ratio of 2.45. The firm has a market capitalization of $6.54 billion, a P/E ratio of 24.14 and a beta of 0.99.

MSA Safety Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Thursday, August 15th were issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date was Thursday, August 15th. MSA Safety’s dividend payout ratio is currently 29.65%.

Analysts Set New Price Targets

A number of brokerages have commented on MSA. Stifel Nicolaus upped their price objective on shares of MSA Safety from $200.00 to $215.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. William Blair upgraded shares of MSA Safety to a “strong-buy” rating in a research report on Tuesday, July 16th.

Insider Transactions at MSA Safety

In related news, CEO Nishan J. Vartanian sold 3,945 shares of the firm’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $189.00, for a total value of $745,605.00. Following the completion of the transaction, the chief executive officer now directly owns 31,953 shares of the company’s stock, valued at $6,039,117. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 6.20% of the company’s stock.

MSA Safety Company Profile

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.