MSA Safety (MSA) to Release Earnings on Wednesday

MSA Safety (NYSE:MSA) is set to release its earnings data after the market closes on Wednesday, July 24th. Analysts expect MSA Safety to post earnings of $1.94 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

MSA Safety (NYSE:MSA) last announced its quarterly earnings results on Monday, April 29th. The industrial products company reported $1.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.47 by $0.14. The company had revenue of $413.00 million for the quarter, compared to analysts’ expectations of $428.38 million. MSA Safety had a net margin of 14.81% and a return on equity of 31.51%. MSA Safety’s revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.36 EPS. On average, analysts expect MSA Safety to post $8 EPS for the current fiscal year and $8 EPS for the next fiscal year.

MSA Safety Price Performance

MSA opened at $194.94 on Tuesday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.54 and a current ratio of 2.51. The stock has a market capitalization of $7.68 billion, a P/E ratio of 28.88 and a beta of 0.99. The company’s 50-day simple moving average is $185.37 and its two-hundred day simple moving average is $182.29. MSA Safety has a 52-week low of $147.35 and a 52-week high of $200.60.

MSA Safety Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th were paid a dividend of $0.51 per share. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $2.04 annualized dividend and a yield of 1.05%. This is a boost from MSA Safety’s previous quarterly dividend of $0.47. MSA Safety’s dividend payout ratio is currently 30.22%.

Insider Buying and Selling at MSA Safety

In other news, CEO Nishan J. Vartanian sold 11,000 shares of the stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $185.29, for a total value of $2,038,190.00. Following the transaction, the chief executive officer now owns 56,800 shares in the company, valued at approximately $10,524,472. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 6.20% of the company’s stock.

Analysts Set New Price Targets

Separately, William Blair upgraded shares of MSA Safety to a “strong-buy” rating in a research note on Tuesday, July 16th. One investment analyst has rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price 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.