FY2024 EPS Estimates for MSA Safety Raised by William Blair

MSA Safety Incorporated (NYSE:MSA) – Equities research analysts at William Blair lifted their FY2024 earnings estimates for MSA Safety in a research note issued on Thursday, November 14th. William Blair analyst R. Sparenblek now expects that the industrial products company will earn $7.85 per share for the year, up from their previous estimate of $7.75. The consensus estimate for MSA Safety’s current full-year earnings is $7.64 per share. William Blair also issued estimates for MSA Safety’s Q4 2024 earnings at $2.40 EPS, Q1 2025 earnings at $1.73 EPS, Q2 2025 earnings at $2.14 EPS, Q3 2025 earnings at $2.05 EPS and Q4 2025 earnings at $2.43 EPS.

MSA Safety (NYSE:MSA) last announced its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $1.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.78 by $0.05. The business had revenue of $432.68 million for 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 quarterly revenue was down 3.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.78 earnings per share.

A number of other equities analysts also recently weighed in on MSA. B. Riley initiated coverage on shares of MSA Safety in a research note on Tuesday, November 5th. They set a “buy” rating and a $200.00 price target on the stock. Stifel Nicolaus increased their price target on shares of MSA Safety from $200.00 to $215.00 and gave the stock a “buy” rating in a research note on Friday, July 26th.

MSA Safety Stock Performance

NYSE:MSA opened at $172.03 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 company has a market cap of $6.76 billion, a P/E ratio of 24.86 and a beta of 0.99. MSA Safety has a fifty-two week low of $160.02 and a fifty-two week high of $200.60. The firm’s 50 day moving average is $173.16 and its two-hundred day moving average is $179.95.

MSA Safety Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th will be given a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 1.19%. The ex-dividend date is Friday, November 15th. MSA Safety’s payout ratio is currently 29.48%.

Institutional Investors Weigh In On MSA Safety

Large investors have recently made changes to their positions in the business. GAMMA Investing LLC increased its position in shares of MSA Safety by 198.8% in the second quarter. GAMMA Investing LLC now owns 245 shares of the industrial products company’s stock worth $46,000 after acquiring an additional 163 shares in the last quarter. Blue Trust Inc. increased its position in shares of MSA Safety by 486.0% in the third quarter. Blue Trust Inc. now owns 252 shares of the industrial products company’s stock worth $47,000 after acquiring an additional 209 shares in the last quarter. Quarry LP increased its position in shares of MSA Safety by 690.5% in the third quarter. Quarry LP now owns 751 shares of the industrial products company’s stock worth $133,000 after acquiring an additional 656 shares in the last quarter. Covestor Ltd increased its position in shares of MSA Safety by 985.1% in the third quarter. Covestor Ltd now owns 803 shares of the industrial products company’s stock worth $143,000 after acquiring an additional 729 shares in the last quarter. Finally, Kowal Investment Group LLC acquired a new stake in MSA Safety during the 2nd quarter valued at $204,000. Institutional investors and hedge funds own 92.51% of the company’s stock.

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.