FY2024 Earnings Estimate for MSA Safety Issued By B. Riley

MSA Safety Incorporated (NYSE:MSA) – Research analysts at B. Riley issued their FY2024 earnings per share (EPS) estimates for shares of MSA Safety in a report issued on Monday, November 4th. B. Riley analyst J. Van. Sinderen expects that the industrial products company will earn $7.44 per share for the year. B. Riley currently has a “Strong-Buy” rating on the stock. The consensus estimate for MSA Safety’s current full-year earnings is $7.75 per share. B. Riley also issued estimates for MSA Safety’s Q4 2024 earnings at $1.99 EPS, FY2025 earnings at $7.81 EPS, FY2026 earnings at $8.60 EPS, FY2027 earnings at $9.61 EPS and FY2028 earnings at $10.54 EPS.

MSA Safety (NYSE:MSA) last issued its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $1.83 EPS for the quarter, topping analysts’ consensus estimates of $1.78 by $0.05. MSA Safety had a return on equity of 29.14% and a net margin of 15.16%. The business had revenue of $432.68 million during the quarter, compared to analysts’ expectations of $449.95 million. During the same quarter in the prior year, the business posted $1.78 earnings per share. The business’s quarterly revenue was down 3.1% on a year-over-year basis.

MSA has been the topic of a number of other reports. Stifel Nicolaus boosted their price target on MSA Safety from $200.00 to $215.00 and gave the stock a “buy” rating in a report on Friday, July 26th. William Blair raised shares of MSA Safety to a “strong-buy” rating in a report on Tuesday, July 16th. Two investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, MSA Safety has a consensus rating of “Strong Buy” and a consensus price target of $207.50.

MSA Safety Stock Down 0.5 %

MSA opened at $172.87 on Thursday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.56 and a current ratio of 2.68. The firm’s fifty day moving average is $173.37 and its 200 day moving average is $180.57. The stock has a market cap of $6.80 billion, a price-to-earnings ratio of 24.98 and a beta of 0.99. MSA Safety has a fifty-two week low of $157.34 and a fifty-two week high of $200.60.

MSA Safety Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th will be given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 1.18%. The ex-dividend date is Friday, November 15th. MSA Safety’s dividend payout ratio is 29.48%.

Institutional Investors Weigh In On MSA Safety

Institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC boosted its stake in shares of MSA Safety by 198.8% during the 2nd quarter. GAMMA Investing LLC now owns 245 shares of the industrial products company’s stock worth $46,000 after purchasing an additional 163 shares during the period. Blue Trust Inc. boosted its position in shares of MSA Safety by 486.0% during the third quarter. Blue Trust Inc. now owns 252 shares of the industrial products company’s stock valued at $47,000 after buying an additional 209 shares during the period. Covestor Ltd grew its stake in shares of MSA Safety by 985.1% during the third quarter. Covestor Ltd now owns 803 shares of the industrial products company’s stock valued at $143,000 after buying an additional 729 shares during the last quarter. Allegheny Financial Group LTD bought a new stake in shares of MSA Safety during the 1st quarter worth approximately $203,000. Finally, Kowal Investment Group LLC purchased a new position in MSA Safety during the 2nd quarter valued at $204,000. 92.51% of the stock is owned by institutional investors.

About MSA Safety

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.