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

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

MSA Safety Price Performance

Shares of MSA Safety stock traded down $0.41 on Thursday, hitting $167.00. 264,327 shares of the company traded hands, compared to its average volume of 151,777. MSA Safety has a 52 week low of $153.00 and a 52 week high of $200.60. The business has a 50-day simple moving average of $175.36 and a 200 day simple moving average of $182.09. 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 stock has a market capitalization of $6.58 billion, a P/E ratio of 24.74 and a beta of 0.99.

MSA Safety Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders 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 1.22%. The ex-dividend date of this dividend was Thursday, August 15th. MSA Safety’s dividend payout ratio (DPR) is currently 30.22%.

Insider Activity at MSA Safety

In other MSA Safety news, CEO Nishan J. Vartanian sold 3,945 shares of the business’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $189.00, for a total value of $745,605.00. Following the sale, 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 Securities & Exchange Commission, which is available through the SEC website. 6.20% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have recently issued reports 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 increased their price target on MSA Safety from $200.00 to $215.00 and gave the stock a “buy” rating in a research note 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.