B. Riley Forecasts MSA Safety’s FY2024 Earnings (NYSE:MSA)

MSA Safety Incorporated (NYSE:MSA) – Stock analysts at B. Riley issued their FY2024 earnings per share (EPS) estimates for MSA Safety in a research note issued on Monday, November 4th. B. Riley analyst J. Van. Sinderen anticipates that the industrial products company will earn $7.44 per share for the year. B. Riley 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 released its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $1.83 earnings per share for the quarter, beating the consensus estimate of $1.78 by $0.05. MSA Safety had a return on equity of 29.14% and a net margin of 15.16%. The firm had revenue of $432.68 million during the quarter, compared to the consensus estimate of $449.95 million. During the same period in the previous year, the company posted $1.78 earnings per share. The firm’s quarterly revenue was down 3.1% on a year-over-year basis.

Several other research analysts have also commented on MSA. Stifel Nicolaus boosted their price target on MSA Safety from $200.00 to $215.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. William Blair raised shares of MSA Safety to a “strong-buy” rating in a research report on Tuesday, July 16th. Two research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Strong Buy” and a consensus target price of $207.50.

MSA Safety Price Performance

NYSE MSA opened at $172.87 on Thursday. The firm’s 50 day moving average price is $173.37 and its 200-day moving average price is $180.57. 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 company has a market cap of $6.80 billion, a PE ratio of 24.98 and a beta of 0.99. MSA Safety has a 52-week low of $157.34 and a 52-week high of $200.60.

MSA Safety Announces Dividend

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

Institutional Trading of MSA Safety

Several large investors have recently bought and sold shares of MSA. GAMMA Investing LLC lifted its holdings in shares of MSA Safety by 198.8% during the second 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. lifted its stake in MSA Safety by 486.0% during the 3rd quarter. Blue Trust Inc. now owns 252 shares of the industrial products company’s stock valued at $47,000 after acquiring an additional 209 shares during the period. Covestor Ltd boosted its holdings in shares of MSA Safety by 985.1% in the 3rd quarter. Covestor Ltd now owns 803 shares of the industrial products company’s stock valued at $143,000 after acquiring an additional 729 shares during the last quarter. Allegheny Financial Group LTD purchased a new stake in shares of MSA Safety in the 1st quarter valued at $203,000. Finally, Kowal Investment Group LLC acquired a new stake in shares of MSA Safety in the second quarter worth $204,000. Hedge funds and other institutional investors 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.