DA Davidson Comments on MSA Safety FY2024 Earnings

MSA Safety Incorporated (NYSE:MSA) – Equities research analysts at DA Davidson issued their FY2024 earnings per share estimates for shares of MSA Safety in a report issued on Thursday, December 19th. DA Davidson analyst M. Shlisky forecasts that the industrial products company will post earnings of $7.73 per share for the year. DA Davidson currently has a “Buy” rating and a $195.00 price target 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.

Other analysts have also issued reports about the company. Jefferies Financial Group began coverage on MSA Safety in a report on Thursday, December 12th. They issued a “hold” rating and a $200.00 price target on the stock. B. Riley began coverage on MSA Safety in a research note on Tuesday, November 5th. They issued a “buy” rating and a $200.00 target price on the stock. One investment 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 company. According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of $202.50.

MSA Safety Price Performance

Shares of NYSE MSA opened at $166.21 on Monday. The company has a fifty day moving average price of $171.75 and a 200 day moving average price of $177.68. The firm has a market cap of $6.53 billion, a PE ratio of 24.02 and a beta of 0.99. The company has a current ratio of 2.68, a quick ratio of 1.56 and a debt-to-equity ratio of 0.48. MSA Safety has a 1-year low of $160.02 and a 1-year high of $200.60.

MSA Safety (NYSE:MSA) last released its quarterly earnings results 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 net margin of 15.16% and a return on equity of 29.14%. The company had revenue of $432.68 million during the quarter, compared to analysts’ expectations of $449.95 million. During the same quarter in the prior year, the company earned $1.78 earnings per share. The business’s quarterly revenue was down 3.1% compared to the same quarter last year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of MSA. Envestnet Asset Management Inc. grew its position in shares of MSA Safety by 11.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 45,334 shares of the industrial products company’s stock valued at $8,509,000 after acquiring an additional 4,497 shares during the period. Lighthouse Investment Partners LLC bought a new position in MSA Safety during the second quarter worth about $795,000. Dimensional Fund Advisors LP grew its holdings in MSA Safety by 3.2% during the second 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 period. Hsbc Holdings PLC acquired a new position in MSA Safety during the second quarter worth approximately $2,322,000. Finally, Acadian Asset Management LLC raised its stake 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 valued at $2,119,000 after buying an additional 10,844 shares during the period. 92.51% of the stock is currently owned by institutional investors.

MSA Safety Dividend Announcement

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