MSA Safety Incorporporated (NYSE:MSA) Posts Earnings Results, Beats Estimates By $0.26 EPS

MSA Safety Incorporporated (NYSE:MSA) announced its quarterly earnings results on Thursday. The industrial products company reported $2.40 EPS for the quarter, beating analysts’ consensus estimates of $2.14 by $0.26, FiscalAI reports. The firm had revenue of $503.33 million during the quarter, compared to the consensus estimate of $496.27 million. MSA Safety Incorporporated had a net margin of 15.16% and a return on equity of 24.54%. The firm’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.93 EPS.

MSA Safety Incorporporated Trading Down 0.9%

NYSE MSA traded down $1.55 during trading on Thursday, hitting $174.26. The stock had a trading volume of 220,108 shares, compared to its average volume of 227,414. MSA Safety Incorporporated has a one year low of $151.10 and a one year high of $208.92. The stock has a 50 day simple moving average of $168.03 and a 200 day simple moving average of $175.05. The stock has a market capitalization of $6.73 billion, a price-to-earnings ratio of 23.55 and a beta of 0.95. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.92 and a current ratio of 3.17.

MSA Safety Incorporporated Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 15th were paid a $0.54 dividend. The ex-dividend date of this dividend was Friday, May 15th. This is an increase from MSA Safety Incorporporated’s previous quarterly dividend of $0.53. This represents a $2.16 annualized dividend and a yield of 1.2%. MSA Safety Incorporporated’s payout ratio is 29.19%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Robert W. Baird set a $197.00 price objective on MSA Safety Incorporporated in a research report on Wednesday, May 6th. DA Davidson decreased their price target on MSA Safety Incorporporated from $235.00 to $206.00 and set a “buy” rating on the stock in a report on Monday, May 11th. Wall Street Zen downgraded MSA Safety Incorporporated from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 25th. Finally, Weiss Ratings upgraded MSA Safety Incorporporated from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, July 17th. Two analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $203.60.

Insider Activity at MSA Safety Incorporporated

In other MSA Safety Incorporporated news, CFO Julie A. Beck bought 448 shares of the business’s stock in a transaction dated Thursday, June 11th. The shares were purchased at an average price of $158.69 per share, with a total value of $71,093.12. Following the completion of the purchase, the chief financial officer owned 3,825 shares in the company, valued at $606,989.25. This represents a 13.27% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 0.70% of the company’s stock.

Hedge Funds Weigh In On MSA Safety Incorporporated

Large investors have recently bought and sold shares of the business. Brown Brothers Harriman & Co. grew its position in MSA Safety Incorporporated by 700.0% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 144 shares of the industrial products company’s stock valued at $25,000 after acquiring an additional 126 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in MSA Safety Incorporporated by 94.1% in the second quarter. EverSource Wealth Advisors LLC now owns 198 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 96 shares during the period. Quarry LP increased its stake in MSA Safety Incorporporated by 94.0% in the fourth quarter. Quarry LP now owns 423 shares of the industrial products company’s stock worth $68,000 after purchasing an additional 205 shares during the period. Danske Bank A S bought a new stake in shares of MSA Safety Incorporporated during the third quarter worth $69,000. Finally, Canada Pension Plan Investment Board lifted its position in shares of MSA Safety Incorporporated by 125.0% during the second quarter. Canada Pension Plan Investment Board now owns 900 shares of the industrial products company’s stock worth $151,000 after purchasing an additional 500 shares during the last quarter. Hedge funds and other institutional investors own 92.51% of the company’s stock.

MSA Safety Incorporporated Company Profile

MSA Safety Incorporated develops, manufactures and supplies a wide range of safety products designed to protect workers in hazardous environments. The company’s offerings span personal protective equipment such as industrial helmets, face shields, protective clothing and fall protection devices, as well as fixed and portable gas detection and monitoring systems. MSA’s products are used in industries including oil and gas, mining, construction, fire service, and chemical processing to guard against risks such as gas leaks, impacts, flame exposure and falls from height.

Key product lines include self-contained breathing apparatus (SCBA) and air-purifying respirators, gas detectors and sensors, head and face protection, and fall arrest systems.