MSA Safety (NYSE:MSA) Issues Earnings Results, Beats Estimates By $0.14 EPS

MSA Safety (NYSE:MSA) posted its quarterly earnings results on Monday. The industrial products company reported $1.61 EPS for the quarter, topping the consensus estimate of $1.47 by $0.14, Briefing.com reports. MSA Safety had a net margin of 3.28% and a return on equity of 32.44%. The company had revenue of $413.00 million during the quarter, compared to analysts’ expectations of $428.38 million. During the same quarter in the previous year, the business posted $1.36 EPS. The firm’s revenue was up 3.7% on a year-over-year basis.

MSA Safety Stock Up 0.2 %

Shares of NYSE:MSA traded up $0.29 during trading on Tuesday, hitting $188.33. 36,569 shares of the company were exchanged, compared to its average volume of 135,935. The firm’s 50 day moving average price is $187.16 and its 200-day moving average price is $173.19. MSA Safety has a 12-month low of $122.57 and a 12-month high of $196.02. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.36 and a quick ratio of 1.48. The stock has a market capitalization of $7.41 billion, a P/E ratio of 129.66 and a beta of 1.01.

Wall Street Analyst Weigh In

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 analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $189.50.

Insider Activity at MSA Safety

In other MSA Safety news, CEO Nishan J. Vartanian sold 4,099 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $185.75, for a total transaction of $761,389.25. Following the transaction, the chief executive officer now owns 67,800 shares of the company’s stock, valued at $12,593,850. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, CEO Nishan J. Vartanian sold 4,099 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $185.75, for a total transaction of $761,389.25. Following the transaction, the chief executive officer now directly owns 67,800 shares in the company, valued at $12,593,850. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Jonathan D. Buck sold 305 shares of the stock in a transaction on Monday, March 11th. The stock was sold at an average price of $185.50, for a total transaction of $56,577.50. Following the sale, the chief accounting officer now owns 3,506 shares of the company’s stock, valued at approximately $650,363. The disclosure for this sale can be found here. Insiders have sold 5,504 shares of company stock valued at $1,017,991 in the last ninety days. Insiders own 6.07% of the company’s stock.

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.