MSA Safety FY2024 EPS Estimate Decreased by William Blair

MSA Safety Incorporated (NYSE:MSA) – Investment analysts at William Blair reduced their FY2024 earnings estimates for shares of MSA Safety in a note issued to 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 issued its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $1.83 EPS for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $449.95 million. During the same period in the previous year, the company posted $1.78 EPS. The company’s revenue for the quarter was down 3.1% on a year-over-year basis.

MSA has been the topic of a number of other reports. DA Davidson initiated coverage on shares of MSA Safety in a report on Thursday, December 19th. They set a “buy” rating and a $195.00 price objective on the stock. Jefferies Financial Group started coverage on shares of MSA Safety in a report on Thursday, December 12th. They set a “hold” rating and a $200.00 price target on the stock. Finally, B. Riley began coverage on shares of MSA Safety in a research report on Tuesday, November 5th. They set a “buy” rating and a $200.00 target price on the stock. 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 data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $202.50.

MSA Safety Trading Up 1.6 %

Shares of MSA Safety stock opened at $168.94 on Monday. The company has a market capitalization of $6.64 billion, a P/E ratio of 24.41 and a beta of 0.99. The stock has a fifty day simple moving average of $171.75 and a 200 day simple moving average of $177.68. MSA Safety has a 12-month low of $160.02 and a 12-month high of $200.60. 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Friday, November 15th were issued a dividend of $0.51 per share. The ex-dividend date was Friday, November 15th. This represents a $2.04 dividend on an annualized basis and a yield of 1.21%. MSA Safety’s dividend payout ratio (DPR) is presently 29.48%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Cooke & Bieler LP bought a new stake in shares of MSA Safety in the 2nd quarter worth approximately $60,236,000. Conestoga Capital Advisors LLC raised its stake in shares of MSA Safety by 219.8% in the second quarter. Conestoga Capital Advisors LLC now owns 306,943 shares of the industrial products company’s stock valued at $57,610,000 after buying an additional 210,968 shares during the period. Geode Capital Management LLC raised its stake in shares of 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 valued at $138,658,000 after buying an additional 169,168 shares during the period. Victory Capital Management Inc. lifted its position in shares of MSA Safety by 748.6% during the 2nd 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 last quarter. Finally, State Street Corp grew its stake in shares of MSA Safety by 2.5% during the 3rd quarter. State Street Corp now owns 1,691,319 shares of the industrial products company’s stock worth $299,939,000 after acquiring an additional 40,569 shares during the period. 92.51% of the stock is currently owned by hedge funds and other institutional investors.

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.