MSA Safety Incorporporated (NYSE:MSA) issued its earnings results on Thursday. The industrial products company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.13, RTT News reports. MSA Safety Incorporporated had a return on equity of 19.64% and a net margin of 6.74%. During the same quarter in the prior year, the firm posted $0.72 EPS.
MSA Safety Incorporporated (NYSE:MSA) traded up 1.69% during mid-day trading on Thursday, reaching $82.20. The company’s stock had a trading volume of 219,383 shares. MSA Safety Incorporporated has a 12-month low of $55.00 and a 12-month high of $84.86. The company has a market cap of $3.14 billion, a PE ratio of 41.41 and a beta of 1.64. The firm’s 50 day moving average is $75.88 and its 200-day moving average is $76.39.
A number of analysts have issued reports on MSA shares. Stifel Nicolaus reaffirmed a “buy” rating and issued a $91.00 price objective on shares of MSA Safety Incorporporated in a research note on Friday, August 4th. BidaskClub downgraded MSA Safety Incorporporated from a “buy” rating to a “hold” rating in a research note on Friday, June 23rd. Zacks Investment Research downgraded MSA Safety Incorporporated from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th. Finally, Robert W. Baird downgraded MSA Safety Incorporporated from an “outperform” rating to a “neutral” rating and set a $80.00 price objective on the stock. in a research note on Tuesday, October 3rd. Two investment 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 company currently has a consensus rating of “Hold” and an average price target of $86.33.
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In other MSA Safety Incorporporated news, VP Markus H. Weber sold 5,811 shares of the stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $72.80, for a total transaction of $423,040.80. Following the completion of the transaction, the vice president now owns 15,950 shares of the company’s stock, valued at $1,161,160. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 transaction, the vice president now directly owns 13,801 shares of the company’s stock, valued at approximately $980,975.08. The disclosure for this sale can be found here. Insiders have sold 40,211 shares of company stock valued at $2,879,428 in the last three months. Insiders own 15.53% of the company’s stock.
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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