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

MSA Safety (NYSE:MSA) issued its quarterly earnings data 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 company had revenue of $432.68 million during the quarter, compared to analyst estimates 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 business posted $1.78 earnings per share.

MSA Safety Trading Down 0.5 %

Shares of MSA traded down $0.80 during midday trading on Friday, hitting $166.12. 189,785 shares of the stock were exchanged, compared to its average volume of 151,960. MSA Safety has a 52-week low of $155.34 and a 52-week high of $200.60. The stock has a fifty day simple moving average of $175.14 and a 200 day simple moving average of $181.90. The firm has a market cap of $6.54 billion, a P/E ratio of 24.14 and a beta of 0.99. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.54 and a current ratio of 2.45.

MSA Safety Dividend Announcement

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

Insider Transactions at MSA Safety

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

Wall Street Analyst Weigh In

Several brokerages recently weighed in on MSA. William Blair upgraded MSA Safety to a “strong-buy” rating in a research report on Tuesday, July 16th. Stifel Nicolaus increased their price objective on MSA Safety from $200.00 to $215.00 and gave the stock a “buy” rating in a research report on Friday, July 26th.

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.