MSA Safety Incorporporated (MSA) Issues Earnings Results, Beats Expectations By $0.13 EPS
MSA Safety Incorporporated (NYSE:MSA) announced its quarterly earnings data on Thursday. The industrial products company reported $0.92 EPS for the quarter, beating the Zacks’ consensus estimate of $0.79 by $0.13, Bloomberg Earnings reports. The firm had revenue of $296.13 million during the quarter, compared to the consensus estimate of $298.47 million. MSA Safety Incorporporated had a net margin of 7.32% and a return on equity of 20.92%. The firm’s revenue was up 6.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.72 earnings per share.
Shares of MSA Safety Incorporporated (NYSE MSA) opened at 82.59 on Friday. The firm has a market capitalization of $3.15 billion, a P/E ratio of 41.61 and a beta of 1.64. MSA Safety Incorporporated has a 52-week low of $55.00 and a 52-week high of $85.80. The stock’s 50 day moving average is $76.46 and its 200-day moving average is $76.52.
In other news, VP Markus H. Weber sold 2,300 shares of the stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $71.08, for a total value of $163,484.00. Following the completion of the transaction, 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 Securities & Exchange Commission, which is available at this hyperlink. Also, Director John T. Ryan III sold 32,100 shares of the stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $71.43, for a total transaction of $2,292,903.00. Following the completion of the transaction, 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. Insiders sold 40,211 shares of company stock valued at $2,879,428 over the last quarter. Insiders own 15.53% of the company’s stock.
MSA has been the subject of a number of research reports. BidaskClub downgraded shares of MSA Safety Incorporporated from a “buy” rating to a “hold” rating in a research report on Friday, June 23rd. Robert W. Baird lifted their price target on shares of MSA Safety Incorporporated from $82.00 to $84.00 and gave the company an “outperform” rating in a research report on Friday, June 30th. Stifel Nicolaus reiterated a “buy” rating and set a $91.00 price target on shares of MSA Safety Incorporporated in a research report on Friday, August 4th. Finally, Zacks Investment Research downgraded shares of MSA Safety Incorporporated from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $86.33.
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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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