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

MSA Safety (NYSE:MSA) released its quarterly earnings results on Monday. The industrial products company reported $1.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $428.38 million. During the same quarter in the prior year, the firm earned $1.36 earnings per share. MSA Safety’s revenue was up 3.7% on a year-over-year basis.

MSA Safety Trading Up 0.2 %

MSA Safety stock traded up $0.29 during mid-day trading on Tuesday, hitting $188.33. The company’s stock had a trading volume of 36,569 shares, compared to its average volume of 135,935. The stock has a market cap of $7.41 billion, a PE ratio of 129.66 and a beta of 1.01. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.48 and a current ratio of 2.36. MSA Safety has a one year low of $122.57 and a one year high of $196.02. The company has a 50 day moving average of $187.16 and a 200-day moving average of $173.19.

Insider Buying and Selling at MSA Safety

In other news, CEO Nishan J. Vartanian sold 4,099 shares of MSA Safety 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 completion of the sale, the chief executive officer now owns 67,800 shares of the company’s stock, valued at $12,593,850. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Rebecca B. Roberts sold 1,100 shares of the business’s stock in a transaction dated 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 sale, the director now owns 8,474 shares in the company, valued at approximately $1,540,912.16. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Nishan J. Vartanian sold 4,099 shares of the 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 owns 67,800 shares in the company, valued at $12,593,850. The disclosure for this sale can be found here. Insiders sold a total of 5,504 shares of company stock valued at $1,017,991 in the last three months. Company insiders own 6.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised 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 given a buy rating to the stock. According to MarketBeat, MSA Safety has an average rating of “Moderate Buy” and a consensus price target of $189.50.

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.