MSA Safety (NYSE:MSA) Announces Earnings Results, Beats Expectations By $0.05 EPS

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

MSA Safety Stock Down 0.5 %

Shares of MSA stock traded down $0.86 during mid-day trading on Friday, reaching $166.06. 189,785 shares of the company’s stock traded hands, compared to its average volume of 151,960. MSA Safety has a 12 month low of $155.34 and a 12 month high of $200.60. The company has a market cap of $6.53 billion, a P/E ratio of 24.14 and a beta of 0.99. The company has a quick ratio of 1.54, a current ratio of 2.45 and a debt-to-equity ratio of 0.55. The company’s 50-day moving average price is $175.14 and its 200-day moving average price is $181.90.

MSA Safety Announces Dividend

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

Analyst Ratings Changes

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

Insider Activity

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