Analysts Set Expectations for MSA Safety FY2024 Earnings

MSA Safety Incorporated (NYSE:MSA) – Research analysts at William Blair decreased their FY2024 earnings per share estimates for MSA Safety in a report issued 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 previous forecast 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 equities research analysts have also issued reports about the company. DA Davidson initiated coverage on MSA Safety in a research note on Thursday, December 19th. They set a “buy” rating and a $195.00 price objective for the company. Jefferies Financial Group began coverage on MSA Safety in a research note on Thursday, December 12th. They issued a “hold” rating and a $200.00 price target on the stock. Finally, 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 objective for the company. One analyst has rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, MSA Safety currently has an average rating of “Buy” and an average target price of $202.50.

MSA Safety Trading Up 0.5 %

MSA Safety stock opened at $166.21 on Monday. The firm has a market cap of $6.53 billion, a price-to-earnings ratio of 24.02 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 moving average price is $171.75 and its two-hundred day moving average price is $177.68. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.56 and a current ratio of 2.68.

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, topping the consensus estimate of $1.78 by $0.05. MSA Safety had a net margin of 15.16% and a return on equity of 29.14%. The company had revenue of $432.68 million for the quarter, compared to analysts’ expectations of $449.95 million. During the same quarter in the previous year, the company posted $1.78 EPS. The business’s revenue was down 3.1% compared to the same quarter last year.

Hedge Funds Weigh In On MSA Safety

A number of large investors have recently made changes to their positions in the business. Mutual of America Capital Management LLC boosted its holdings in shares of MSA Safety by 0.3% during the third quarter. Mutual of America Capital Management LLC now owns 21,267 shares of the industrial products company’s stock worth $3,771,000 after purchasing an additional 71 shares during the period. Legacy Wealth Asset Management LLC boosted its stake in shares of MSA Safety by 1.3% during the 3rd quarter. Legacy Wealth Asset Management LLC now owns 5,418 shares of the industrial products company’s stock valued at $961,000 after buying an additional 72 shares during the period. Creative Financial Designs Inc. ADV grew its holdings in shares of MSA Safety by 4.3% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 2,052 shares of the industrial products company’s stock valued at $364,000 after acquiring an additional 84 shares in the last quarter. Tidal Investments LLC increased its stake in shares of MSA Safety by 1.1% in the third quarter. Tidal Investments LLC now owns 8,060 shares of the industrial products company’s stock worth $1,429,000 after acquiring an additional 90 shares during the last quarter. Finally, Bank of Montreal Can raised its holdings in shares of MSA Safety by 1.6% during the second quarter. Bank of Montreal Can now owns 6,845 shares of the industrial products company’s stock worth $1,307,000 after acquiring an additional 109 shares in the last quarter. Institutional investors and hedge funds own 92.51% of the company’s stock.

MSA Safety Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Friday, November 15th were given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 1.23%. The ex-dividend date of this dividend was Friday, November 15th. MSA Safety’s payout ratio is 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.