MSA Safety Incorporporated (NYSE:MSA) Issues Quarterly Earnings Results, Hits Expectations

MSA Safety Incorporporated (NYSE:MSA) posted its quarterly earnings results on Monday. The industrial products company reported $2.09 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.09, Zacks reports. MSA Safety Incorporporated had a net margin of 16.13% and a return on equity of 25.13%. The firm had revenue of $536.43 million for the quarter, compared to analysts’ expectations of $528.39 million. During the same period in the prior year, the company posted $1.77 earnings per share. The firm’s quarterly revenue was up 14.5% on a year-over-year basis.

MSA Safety Incorporporated Stock Performance

MSA Safety Incorporporated stock opened at $186.06 on Tuesday. The company has a debt-to-equity ratio of 0.42, a current ratio of 3.24 and a quick ratio of 2.02. MSA Safety Incorporporated has a 12 month low of $151.10 and a 12 month high of $208.92. The company has a fifty day moving average price of $182.70 and a two-hundred day moving average price of $178.23. The company has a market cap of $7.18 billion, a PE ratio of 23.14 and a beta of 0.92.

MSA Safety Incorporporated Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Friday, November 13th will be issued a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Friday, November 13th. MSA Safety Incorporporated’s payout ratio is currently 26.87%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Robert W. Baird boosted their target price on shares of MSA Safety Incorporporated from $197.00 to $215.00 and gave the stock a “neutral” rating in a research report on Monday, August 3rd. Wall Street Zen cut shares of MSA Safety Incorporporated from a “buy” rating to a “hold” rating in a research report on Saturday, October 24th. B. Riley Financial downgraded MSA Safety Incorporporated from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $210.00 to $195.00 in a research note on Monday, August 3rd. Weiss Ratings upgraded MSA Safety Incorporporated from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, October 6th. Finally, JPMorgan Chase & Co. boosted their price objective on MSA Safety Incorporporated from $210.00 to $220.00 and gave the company a “neutral” rating in a report on Monday, August 3rd. Two research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $211.33.

Insider Buying and Selling at MSA Safety Incorporporated

In related news, Chairman Nishan Vartanian sold 20,000 shares of the business’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $193.99, for a total transaction of $3,879,800.00. Following the completion of the sale, the chairman owned 50,324 shares of the company’s stock, valued at $9,762,352.76. This represents a 28.44% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.70% of the stock is currently owned by corporate insiders.

About MSA Safety Incorporporated

MSA Safety Incorporated (NYSE: MSA) develops and manufactures safety products and systems designed to protect workers and facility operations. Its offerings include industrial and firefighter helmets, eye and face protection, hearing protection, respiratory protection, protective clothing, and fall-protection equipment.

The company also provides portable and fixed gas-detection systems, flame detection and suppression technologies, thermal imaging cameras, and related software and services.