MSA Safety Incorporporated (NYSE:MSA) Releases Quarterly Earnings Results, Meets Estimates

MSA Safety Incorporporated (NYSE:MSA) posted its quarterly earnings results on Monday. The industrial products company reported $2.09 EPS for the quarter, meeting analysts’ consensus estimates of $2.09, Zacks reports. MSA Safety Incorporporated had a net margin of 16.13% and a return on equity of 25.13%. During the same quarter in the previous year, the business earned $1.77 EPS.

MSA Safety Incorporporated Price Performance

Shares of NYSE:MSA traded up $7.49 during midday trading on Monday, reaching $186.06. 341,179 shares of the company’s stock traded hands, compared to its average volume of 261,324. The company has a market cap of $7.18 billion, a P/E ratio of 23.14 and a beta of 0.92. The company has a fifty day simple moving average of $182.77 and a two-hundred day simple moving average of $178.18. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.02 and a current ratio of 3.24. MSA Safety Incorporporated has a 1 year low of $151.10 and a 1 year high of $208.92.

MSA Safety Incorporporated Announces Dividend

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

Insider Activity at MSA Safety Incorporporated

In other MSA Safety Incorporporated news, Chairman Nishan Vartanian sold 20,000 shares of the firm’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $193.99, for a total value of $3,879,800.00. Following the transaction, the chairman owned 50,324 shares in the company, valued at approximately $9,762,352.76. This trade represents a 28.44% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Jonathan Buck sold 469 shares of the firm’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $191.00, for a total transaction of $89,579.00. Following the completion of the transaction, the chief accounting officer directly owned 3,776 shares in the company, valued at approximately $721,216. This represents a 11.05% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Weiss Ratings upgraded shares of MSA Safety Incorporporated from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, October 6th. DA Davidson set a $223.00 target price on MSA Safety Incorporporated in a research report on Tuesday, August 4th. B. Riley Financial downgraded shares of MSA Safety Incorporporated from a “buy” rating to a “neutral” rating and lowered their price target for the company from $210.00 to $195.00 in a report on Monday, August 3rd. JPMorgan Chase & Co. upped their price target on shares of MSA Safety Incorporporated from $210.00 to $220.00 and gave the company a “neutral” rating in a report on Monday, August 3rd. Finally, Robert W. Baird increased their target price on MSA Safety Incorporporated from $197.00 to $215.00 and gave the stock a “neutral” rating in a research note on Monday, August 3rd. Two analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $211.33.

MSA Safety Incorporporated Company Profile

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.