Analysts Issue Forecasts for MSA Safety FY2024 Earnings

MSA Safety Incorporated (NYSE:MSA) – DA Davidson issued their FY2024 earnings per share (EPS) estimates for MSA Safety in a report released on Thursday, December 19th. DA Davidson analyst M. Shlisky forecasts that the industrial products company will earn $7.73 per share for the year. DA Davidson currently has a “Buy” rating and a $195.00 target price on the stock. The consensus estimate for MSA Safety’s current full-year earnings is $7.66 per share. DA Davidson also issued estimates for MSA Safety’s Q4 2024 earnings at $2.28 EPS and FY2025 earnings at $7.91 EPS.

MSA Safety (NYSE:MSA) last announced its quarterly earnings data 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. 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%. MSA Safety’s quarterly revenue was down 3.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.78 EPS.

Several other research firms have also recently issued reports on MSA. B. Riley started 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 began coverage on MSA Safety in a report on Thursday, December 12th. They set a “hold” rating and a $200.00 price objective on the stock. One equities 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 stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $202.50.

MSA Safety Trading Down 1.3 %

NYSE MSA opened at $165.37 on Monday. The company has a quick ratio of 1.56, a current ratio of 2.68 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $6.50 billion, a P/E ratio of 23.90 and a beta of 0.99. MSA Safety has a 52-week low of $160.02 and a 52-week high of $200.60. The firm has a 50-day moving average price of $171.90 and a 200 day moving average price of $177.74.

Hedge Funds Weigh In On MSA Safety

Several hedge funds have recently bought and sold shares of MSA. State Street Corp lifted its position in shares of MSA Safety by 2.5% in the third quarter. State Street Corp now owns 1,691,319 shares of the industrial products company’s stock valued at $299,939,000 after acquiring an additional 40,569 shares in the last quarter. Geode Capital Management LLC lifted its holdings in MSA Safety by 27.6% in the 3rd quarter. Geode Capital Management LLC now owns 781,705 shares of the industrial products company’s stock valued at $138,658,000 after purchasing an additional 169,168 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of MSA Safety by 3.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 770,641 shares of the industrial products company’s stock worth $144,642,000 after purchasing an additional 22,366 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of MSA Safety by 3.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 738,951 shares of the industrial products company’s stock worth $138,695,000 after purchasing an additional 22,979 shares during the last quarter. Finally, Conestoga Capital Advisors LLC raised its position in shares of MSA Safety by 43.5% in the third quarter. Conestoga Capital Advisors LLC now owns 440,316 shares of the industrial products company’s stock valued at $78,086,000 after buying an additional 133,373 shares during the last quarter. Hedge funds and other institutional investors own 92.51% of the company’s stock.

MSA Safety Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th were issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date of this dividend was Friday, November 15th. MSA Safety’s dividend payout ratio (DPR) is presently 29.48%.

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.