MSA Safety Incorporated (MSA) Releases Earnings Results, Beats Expectations By $0.05 EPS

MSA Safety Incorporated (MSA) reported quarterly earnings results on Wednesday, Jul-20-2016. The company said it had a profit of $0.79 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.05. Analysts had a consensus of $0.74. The company posted revenue of $296.00 million in the period, compared to analysts expectations of $301.02 million. The company’s revenue was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.67 EPS.

Many Wall Street Analysts have commented on MSA Safety Incorporated. Stifel Upgraded MSA Safety Incorporated on Jun 14, 2016 to ” Buy”, Price Target of the shares are set at $61.

MSA Safety Incorporated opened for trading at $57.34 and hit $57.71 on the upside on Monday, eventually ending the session at $57.67, with a gain of 0.59% or 0.34 points. The heightened volatility saw the trading volume jump to 91,275 shares. Company has a market cap of $2,160 M.

In a different news, on May 13, 2016, L Edward Jr Shaw (director) sold 1,281 shares at $48.07 per share price. According to the SEC, on May 9, 2016, Diane M Pearse (director) sold 1,283 shares at $48.00 per share price. On Mar 16, 2016, Paul R Uhler (Vice President) sold 4,731 shares at $46.25 per share price, according to the Form-4 filing with the securities and exchange commission.

MSA Safety Incorporated

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