MSA Safety (NYSE:MSA) Releases Earnings Results, Beats Expectations By $0.14 EPS

MSA Safety (NYSE:MSA) posted its quarterly earnings data on Monday. The industrial products company reported $1.61 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.14, Briefing.com reports. The business had revenue of $413.00 million during the quarter, compared to the consensus estimate of $428.38 million. MSA Safety had a net margin of 14.81% and a return on equity of 31.48%. The company’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.36 earnings per share.

MSA Safety Price Performance

NYSE:MSA opened at $182.72 on Thursday. The company has a quick ratio of 1.48, a current ratio of 2.51 and a debt-to-equity ratio of 0.57. The business’s 50-day moving average price is $187.37 and its 200 day moving average price is $173.45. MSA Safety has a 52-week low of $122.57 and a 52-week high of $196.02. The firm has a market cap of $7.18 billion, a P/E ratio of 27.07 and a beta of 1.01.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of MSA Safety from a “hold” rating to a “buy” rating in a research note on Friday, February 23rd. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $189.50.

Insider Buying and Selling at MSA Safety

In other news, CAO Jonathan D. Buck sold 305 shares of MSA Safety stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $185.50, for a total value of $56,577.50. Following the transaction, the chief accounting officer now owns 3,506 shares of the company’s stock, valued at approximately $650,363. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CAO Jonathan D. Buck sold 305 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $185.50, for a total transaction of $56,577.50. Following the completion of the sale, the chief accounting officer now directly owns 3,506 shares in the company, valued at $650,363. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Rebecca B. Roberts sold 1,100 shares of the company’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $181.84, for a total value of $200,024.00. Following the completion of the transaction, the director now directly owns 8,474 shares in the company, valued at approximately $1,540,912.16. The disclosure for this sale can be found here. In the last three months, insiders sold 5,504 shares of company stock valued at $1,017,991. 6.20% of the stock is owned by insiders.

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.