MSA Safety Incorporated (NYSE:MSA) Declares $0.51 Quarterly Dividend

MSA Safety Incorporated (NYSE:MSA) declared a quarterly dividend on Wednesday, January 15th,RTT News reports. Stockholders of record on Friday, February 14th will be given a dividend of 0.51 per share by the industrial products company on Monday, March 10th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.25%.

MSA Safety has raised its dividend by an average of 4.6% per year over the last three years and has increased its dividend every year for the last 55 years. MSA Safety has a dividend payout ratio of 23.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect MSA Safety to earn $7.99 per share next year, which means the company should continue to be able to cover its $2.04 annual dividend with an expected future payout ratio of 25.5%.

MSA Safety Stock Up 0.9 %

Shares of NYSE MSA opened at $162.87 on Thursday. The stock has a market capitalization of $6.40 billion, a price-to-earnings ratio of 23.54 and a beta of 1.00. MSA Safety has a 52 week low of $153.79 and a 52 week high of $200.60. The firm has a 50-day moving average price of $170.03 and a 200 day moving average price of $175.51. The company has a quick ratio of 1.56, a current ratio of 2.68 and a debt-to-equity ratio of 0.48.

MSA Safety (NYSE:MSA) last posted its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $1.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.78 by $0.05. The company had revenue of $432.68 million during the quarter, compared to the consensus estimate of $449.95 million. MSA Safety had a net margin of 15.16% and a return on equity of 29.14%. The company’s revenue for the quarter was down 3.1% on a year-over-year basis. During the same period last year, the firm earned $1.78 EPS. Equities research analysts anticipate that MSA Safety will post 7.67 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on MSA shares. B. Riley assumed coverage on MSA Safety in a research report on Tuesday, November 5th. They set a “buy” rating and a $200.00 target price on the stock. Jefferies Financial Group started coverage on shares of MSA Safety in a research note on Thursday, December 12th. They issued a “hold” rating and a $200.00 price objective on the stock. Finally, DA Davidson initiated coverage on shares of MSA Safety in a research report on Thursday, December 19th. They set a “buy” rating and a $195.00 target price for the company. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, MSA Safety presently has a consensus rating of “Buy” and an average target price of $202.50.

MSA Safety Company Profile

MSA Safety Incorporated develops, manufactures, and supplies safety products and technology solutions that protect people and facility infrastructures in the fire service, energy, utility, construction, and industrial manufacturing applications, as well as heating, ventilation, air conditioning, and refrigeration industries worldwide.