FY2024 EPS Estimates for MSA Safety Lowered by William Blair

MSA Safety Incorporated (NYSE:MSA) – Equities research analysts at William Blair cut their FY2024 earnings per share estimates for shares of MSA Safety in a report released on Wednesday, December 18th. William Blair analyst R. Sparenblek now anticipates that the industrial products company will post earnings per share of $7.80 for the year, down from their prior estimate of $7.85. The consensus estimate for MSA Safety’s current full-year earnings is $7.66 per share. William Blair also issued estimates for MSA Safety’s Q4 2024 earnings at $2.35 EPS.

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

MSA Safety Price Performance

Shares of NYSE:MSA opened at $165.37 on Monday. The company 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 1-year low of $160.02 and a 1-year high of $200.60. The firm’s 50 day simple moving average is $171.90 and its two-hundred day simple moving average is $177.74. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.68 and a quick ratio of 1.56.

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Envestnet Asset Management Inc. boosted its stake in MSA Safety by 11.0% during the second quarter. Envestnet Asset Management Inc. now owns 45,334 shares of the industrial products company’s stock valued at $8,509,000 after buying an additional 4,497 shares during the last quarter. Lighthouse Investment Partners LLC bought a new position in shares of MSA Safety during the 2nd quarter valued at approximately $795,000. Dimensional Fund Advisors LP boosted its position 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 valued at $138,695,000 after acquiring an additional 22,979 shares during the last quarter. Hsbc Holdings PLC purchased a new position in shares of MSA Safety in the second quarter valued at $2,322,000. Finally, Acadian Asset Management LLC increased its position in MSA Safety by 2,362.5% in the second quarter. Acadian Asset Management LLC now owns 11,303 shares of the industrial products company’s stock worth $2,119,000 after purchasing an additional 10,844 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 disclosed 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 annualized dividend and a dividend yield of 1.23%. The ex-dividend date was Friday, November 15th. MSA Safety’s dividend payout ratio (DPR) is presently 29.48%.

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.