DA Davidson Estimates MSA Safety FY2024 Earnings

MSA Safety Incorporated (NYSE:MSA) – DA Davidson issued their FY2024 earnings per share (EPS) estimates for shares of MSA Safety in a research report issued to clients and investors on Thursday, December 19th. DA Davidson analyst M. Shlisky anticipates 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 target price 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.

MSA Safety (NYSE:MSA) last announced its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $1.83 earnings per share for the quarter, beating analysts’ consensus estimates of $1.78 by $0.05. MSA Safety had a net margin of 15.16% and a return on equity of 29.14%. The firm had revenue of $432.68 million for the quarter, compared to analysts’ expectations of $449.95 million. During the same period in the previous year, the company posted $1.78 earnings per share. MSA Safety’s revenue was down 3.1% compared to the same quarter last year.

Other research analysts have also issued reports about the company. Jefferies Financial Group started coverage on MSA Safety in a research report on Thursday, December 12th. They issued a “hold” rating and a $200.00 price objective on the stock. B. Riley initiated coverage on MSA Safety in a research note on Tuesday, November 5th. They issued a “buy” rating and a $200.00 target price for the company. One investment analyst has rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $202.50.

MSA Safety Stock Performance

NYSE:MSA opened at $165.37 on Monday. The firm’s fifty day simple moving average is $171.90 and its 200 day simple moving average is $177.74. 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 twelve month low of $160.02 and a twelve month high of $200.60. The firm has a market capitalization of $6.50 billion, a price-to-earnings ratio of 23.90 and a beta of 0.99.

MSA Safety Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th were issued a $0.51 dividend. The ex-dividend date of this dividend 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%.

Hedge Funds Weigh In On MSA Safety

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MSA. Blue Trust Inc. lifted its stake in shares of MSA Safety by 486.0% in the third quarter. Blue Trust Inc. now owns 252 shares of the industrial products company’s stock worth $47,000 after acquiring an additional 209 shares in the last quarter. Quarry LP raised its stake in shares of MSA Safety by 690.5% in the 3rd quarter. Quarry LP now owns 751 shares of the industrial products company’s stock valued at $133,000 after purchasing an additional 656 shares in the last quarter. Covestor Ltd lifted its position in shares of MSA Safety by 985.1% during the third quarter. Covestor Ltd now owns 803 shares of the industrial products company’s stock worth $143,000 after purchasing an additional 729 shares during the last quarter. National Bank of Canada FI acquired a new position in MSA Safety in the third quarter worth about $198,000. Finally, Kowal Investment Group LLC bought a new stake in MSA Safety in the second quarter valued at about $204,000. 92.51% of the stock is 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.