MSA Safety Incorporporated (NYSE:MSA) Posts Earnings Results, Beats Expectations By $0.14 EPS

by · The Cerbat Gem

MSA Safety Incorporporated (NYSE:MSAGet Free Report) posted its quarterly earnings data on Monday. The industrial products company reported $1.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.85 by $0.14, FiscalAI reports. MSA Safety Incorporporated had a net margin of 14.88% and a return on equity of 24.48%. The company had revenue of $463.63 million for the quarter, compared to the consensus estimate of $451.28 million.

MSA Safety Incorporporated Stock Down 0.2%

MSA traded down $0.35 during trading on Monday, reaching $165.45. 196,560 shares of the stock were exchanged, compared to its average volume of 223,137. The stock has a market cap of $6.42 billion, a P/E ratio of 23.37 and a beta of 0.97. MSA Safety Incorporporated has a twelve month low of $151.10 and a twelve month high of $208.92. The stock’s 50 day moving average price is $176.16 and its two-hundred day moving average price is $172.11. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.82 and a current ratio of 3.01.

Insiders Place Their Bets

In related news, CAO Jonathan D. Buck sold 1,100 shares of the business’s stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $203.48, for a total transaction of $223,828.00. Following the transaction, the chief accounting officer directly owned 3,234 shares in the company, valued at approximately $658,054.32. The trade was a 25.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.70% of the company’s stock.

Hedge Funds Weigh In On MSA Safety Incorporporated

A number of institutional investors have recently added to or reduced their stakes in MSA. Royal Bank of Canada increased its holdings in MSA Safety Incorporporated by 39.8% during the first quarter. Royal Bank of Canada now owns 47,391 shares of the industrial products company’s stock worth $6,953,000 after buying an additional 13,501 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new position in MSA Safety Incorporporated during the first quarter worth $501,000. Jane Street Group LLC increased its holdings in MSA Safety Incorporporated by 44.7% during the first quarter. Jane Street Group LLC now owns 4,401 shares of the industrial products company’s stock worth $646,000 after buying an additional 1,359 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in MSA Safety Incorporporated by 94.1% during the second quarter. EverSource Wealth Advisors LLC now owns 198 shares of the industrial products company’s stock worth $33,000 after buying an additional 96 shares during the last quarter. Finally, Baird Financial Group Inc. increased its holdings in MSA Safety Incorporporated by 31.5% during the second quarter. Baird Financial Group Inc. now owns 2,757 shares of the industrial products company’s stock worth $462,000 after buying an additional 661 shares during the last quarter. 92.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on MSA. National Bank Financial set a $235.00 price objective on shares of MSA Safety Incorporporated in a report on Wednesday, February 18th. Wall Street Zen downgraded shares of MSA Safety Incorporporated from a “buy” rating to a “hold” rating in a report on Saturday, February 7th. Weiss Ratings downgraded shares of MSA Safety Incorporporated from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, April 6th. Jefferies Financial Group reiterated a “hold” rating and issued a $180.00 price objective (down from $200.00) on shares of MSA Safety Incorporporated in a report on Tuesday, March 31st. Finally, B. Riley Financial reiterated a “buy” rating on shares of MSA Safety Incorporporated in a report on Thursday, February 12th. Two equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $204.50.

Check Out Our Latest Stock Report on MSA Safety Incorporporated

MSA Safety Incorporporated declared that its Board of Directors has authorized a share buyback program on Thursday, February 26th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the industrial products company to repurchase up to 6.6% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its shares are undervalued.

MSA Safety Incorporporated Company Profile

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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.

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