FY2024 EPS Estimates for MSA Safety Cut by William Blair

MSA Safety Incorporated (NYSE:MSA) – Stock analysts at William Blair reduced their FY2024 earnings per share (EPS) estimates for shares of MSA Safety in a report issued 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.

Several other analysts have also recently weighed in on MSA. Jefferies Financial Group initiated coverage on shares of MSA Safety in a research note on Thursday, December 12th. They issued a “hold” rating and a $200.00 price objective on the stock. DA Davidson began coverage on MSA Safety in a report on Thursday, December 19th. They set a “buy” rating and a $195.00 target price on the stock. Finally, B. Riley began coverage on MSA Safety in a research note on Tuesday, November 5th. They issued a “buy” rating and a $200.00 price target for the company. One analyst has rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $202.50.

MSA Safety Trading Up 1.6 %

MSA opened at $168.94 on Monday. The company’s 50 day moving average price is $171.75 and its two-hundred day moving average price is $177.68. The firm has a market capitalization of $6.64 billion, a price-to-earnings ratio of 24.41 and a beta of 0.99. MSA Safety has a fifty-two week low of $160.02 and a fifty-two week high of $200.60. 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 released its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $1.83 earnings per share for the quarter, topping the consensus estimate of $1.78 by $0.05. The company had revenue of $432.68 million for the quarter, compared to analysts’ expectations of $449.95 million. MSA Safety had a return on equity of 29.14% and a net margin of 15.16%. The business’s quarterly revenue was down 3.1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.78 earnings per share.

Hedge Funds Weigh In On MSA Safety

A number of institutional investors and hedge funds have recently modified their holdings of MSA. Retirement Systems of Alabama grew its stake in shares of MSA Safety by 2.4% in the 3rd quarter. Retirement Systems of Alabama now owns 97,719 shares of the industrial products company’s stock valued at $17,329,000 after buying an additional 2,282 shares during the period. Tidal Investments LLC boosted its holdings in 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 in the last quarter. Geode Capital Management LLC boosted its holdings in MSA Safety by 27.6% in the third quarter. Geode Capital Management LLC now owns 781,705 shares of the industrial products company’s stock worth $138,658,000 after acquiring an additional 169,168 shares in the last quarter. Barclays PLC grew its stake in MSA Safety by 62.0% in the third quarter. Barclays PLC now owns 16,688 shares of the industrial products company’s stock valued at $2,959,000 after acquiring an additional 6,384 shares during the period. Finally, National Bank of Canada FI bought a new stake in shares of MSA Safety during the third quarter valued at approximately $198,000. 92.51% of the stock is currently owned by institutional investors.

MSA Safety Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th were paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date of this dividend was Friday, November 15th. MSA Safety’s dividend 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.