FY2024 EPS Estimates for MSA Safety Cut by William Blair

MSA Safety Incorporated (NYSE:MSA) – Investment analysts at William Blair dropped their FY2024 earnings per share estimates for MSA Safety in a research report issued to clients and investors on Wednesday, December 18th. William Blair analyst R. Sparenblek now forecasts that the industrial products company will earn $7.80 per share for the year, down from their prior 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.

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. The company had revenue of $432.68 million for the quarter, compared to analyst estimates of $449.95 million. MSA Safety had a return on equity of 29.14% and a net margin of 15.16%. MSA Safety’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 EPS.

A number of other research firms have also recently commented on MSA. Jefferies Financial Group started coverage on shares of MSA Safety in a research note on Thursday, December 12th. They set a “hold” rating and a $200.00 price target for the company. B. Riley initiated coverage on MSA Safety in a research note on Tuesday, November 5th. They set a “buy” rating and a $200.00 target price on the stock. Finally, DA Davidson initiated coverage on MSA Safety in a research note on Thursday. They set a “buy” rating and a $195.00 price target for the company. One research analyst has rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, MSA Safety presently has an average rating of “Buy” and a consensus target price of $202.50.

MSA Safety Trading Down 1.3 %

MSA stock opened at $165.37 on Monday. MSA Safety has a twelve month low of $160.02 and a twelve month high of $200.60. The stock has a market capitalization of $6.50 billion, a price-to-earnings ratio of 23.90 and a beta of 0.99. 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 firm’s fifty day simple moving average is $171.90 and its two-hundred day simple moving average is $177.74.

Hedge Funds Weigh In On MSA Safety

A number of institutional investors have recently modified their holdings of MSA. Cooke & Bieler LP bought a new position in MSA Safety in the second quarter worth approximately $60,236,000. Conestoga Capital Advisors LLC grew its position in shares of MSA Safety by 219.8% during the 2nd quarter. Conestoga Capital Advisors LLC now owns 306,943 shares of the industrial products company’s stock worth $57,610,000 after buying an additional 210,968 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of MSA Safety by 27.6% during the third quarter. Geode Capital Management LLC now owns 781,705 shares of the industrial products company’s stock valued at $138,658,000 after buying an additional 169,168 shares during the period. Victory Capital Management Inc. increased its stake in shares of MSA Safety by 748.6% during the second quarter. Victory Capital Management Inc. now owns 65,552 shares of the industrial products company’s stock valued at $12,303,000 after buying an additional 57,827 shares during the period. Finally, State Street Corp raised its holdings in shares of MSA Safety by 2.5% in the third quarter. State Street Corp now owns 1,691,319 shares of the industrial products company’s stock valued at $299,939,000 after acquiring an additional 40,569 shares in the last quarter. 92.51% of the stock is owned by hedge funds and other institutional investors.

MSA Safety Announces Dividend

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