MSA Safety (NYSE:MSA) announced its quarterly earnings data on Wednesday. The industrial products company reported $1.15 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.15, Briefing.com reports. MSA Safety had a return on equity of 28.35% and a net margin of 8.89%. The firm had revenue of $351.01 million for the quarter, compared to analysts’ expectations of $346.49 million. During the same period last year, the business posted $1.16 earnings per share. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis.
MSA traded down $0.71 during trading hours on Thursday, hitting $111.60. 7,022 shares of the stock were exchanged, compared to its average volume of 117,622. MSA Safety has a 12 month low of $86.72 and a 12 month high of $114.64. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.67 and a quick ratio of 1.94. The stock has a 50-day simple moving average of $109.48 and a 200-day simple moving average of $105.82. The stock has a market cap of $4.39 billion, a price-to-earnings ratio of 23.95 and a beta of 1.21.
Several equities analysts recently issued reports on MSA shares. Zacks Investment Research cut MSA Safety from a “hold” rating to a “sell” rating in a research note on Wednesday, September 25th. ValuEngine cut MSA Safety from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $108.33.
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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