MSA Safety (NYSE:MSA) Issues Earnings Results
MSA Safety (NYSE:MSA) released its earnings results on Thursday. The industrial products company reported $1.11 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.99 by $0.12, MarketWatch Earnings reports. The company had revenue of $314.44 million for the quarter, compared to analyst estimates of $306.26 million. MSA Safety had a net margin of 11.07% and a return on equity of 26.77%. The firm’s quarterly revenue was down 10.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.22 EPS.
Shares of NYSE MSA traded down $0.89 on Thursday, reaching $119.32. 6,326 shares of the company traded hands, compared to its average volume of 155,879. MSA Safety has a fifty-two week low of $83.57 and a fifty-two week high of $142.34. The company has a 50 day moving average of $112.58 and a 200 day moving average of $117.79. The company has a current ratio of 2.66, a quick ratio of 1.92 and a debt-to-equity ratio of 0.55. The stock has a market capitalization of $4.60 billion, a PE ratio of 30.13 and a beta of 1.10.
MSA has been the topic of a number of recent research reports. CJS Securities initiated coverage on shares of MSA Safety in a report on Tuesday, June 30th. They issued a “buy” rating and a $138.00 target price on the stock. Zacks Investment Research lowered shares of MSA Safety from a “buy” rating to a “hold” rating in a report on Wednesday, July 1st. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $131.25.
About MSA Safety
MSA Safety Incorporated develops, manufactures, and supplies safety products that protect people and facility infrastructures in the oil, gas, petrochemical, fire service, construction, utilities, and mining industries worldwide. It operates through Americas and International segments. The company's core product offerings include permanently installed fixed gas and flame detection instruments, such as permanently installed gas detection monitoring systems, and flame detectors and open-path infrared gas detectors, as well as replacement components and related services to detect the presence or absence of various gases in the air.
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