MSA Safety Incorporporated (NYSE:MSA) posted its quarterly earnings results on Thursday, October 19th. The industrial products company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.13, Bloomberg Earnings reports. The company had revenue of $296.13 million for the quarter, compared to the consensus estimate of $298.47 million. MSA Safety Incorporporated had a return on equity of 20.56% and a net margin of 7.32%. The firm’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.72 EPS.
MSA Safety Incorporporated (NYSE:MSA) traded down 0.91% during trading on Friday, hitting $81.31. The stock had a trading volume of 173,071 shares. The firm has a 50 day moving average of $77.64 and a 200-day moving average of $76.97. The stock has a market cap of $3.10 billion, a price-to-earnings ratio of 40.96 and a beta of 1.64. MSA Safety Incorporporated has a 12 month low of $55.27 and a 12 month high of $85.80.
The company also recently declared a quarterly dividend, which will be paid on Sunday, December 10th. Stockholders of record on Tuesday, November 14th will be issued a dividend of $0.35 per share. The ex-dividend date of this dividend is Monday, November 13th. This represents a $1.40 annualized dividend and a dividend yield of 1.72%. MSA Safety Incorporporated’s payout ratio is 64.52%.
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In other MSA Safety Incorporporated news, VP Markus H. Weber sold 2,300 shares of the business’s stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $71.08, for a total transaction of $163,484.00. Following the completion of the sale, the vice president now directly owns 13,801 shares in the company, valued at $980,975.08. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director John T. Ryan III sold 32,100 shares of the business’s stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $71.43, for a total transaction of $2,292,903.00. Following the sale, the director now owns 1,025,013 shares of the company’s stock, valued at $73,216,678.59. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 49,724 shares of company stock valued at $3,642,145. 15.53% of the stock is owned by insiders.
Several brokerages have commented on MSA. Robert W. Baird increased their target price on MSA Safety Incorporporated from $80.00 to $89.00 and gave the company a “neutral” rating in a research note on Sunday, October 22nd. Zacks Investment Research downgraded MSA Safety Incorporporated from a “hold” rating to a “sell” rating in a research note on Friday, October 20th. Barrington Research reiterated a “market perform” rating on shares of MSA Safety Incorporporated in a research note on Monday, October 23rd. BidaskClub downgraded MSA Safety Incorporporated from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 1st. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $91.00 target price on shares of MSA Safety Incorporporated in a research note on Friday, August 4th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. MSA Safety Incorporporated currently has a consensus rating of “Hold” and an average price target of $89.75.
About MSA Safety Incorporporated
Mine Safety Appliances Company is engaged in the development, manufacture and supply of products that protect people’s health and safety. The Company’s line of safety products is used by workers worldwide in the fire service, homeland security, oil and gas, construction and other industries, as well as the military.
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