MSA Safety FY2024 EPS Estimate Reduced by William Blair

MSA Safety Incorporated (NYSE:MSA) – Analysts at William Blair decreased their FY2024 EPS estimates for MSA Safety in a research note issued to investors on Wednesday, December 18th. William Blair analyst R. Sparenblek now expects that the industrial products company will post earnings of $7.80 per share for the year, down from their previous 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 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $449.95 million. During the same period in the prior year, the company posted $1.78 earnings per share. MSA Safety’s revenue for the quarter was down 3.1% on a year-over-year basis.

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

MSA Safety Stock Performance

MSA opened at $166.21 on Monday. The stock has a 50-day moving average of $171.75 and a 200-day moving average of $177.68. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.56 and a current ratio of 2.68. MSA Safety has a 52-week low of $160.02 and a 52-week high of $200.60. The company has a market cap of $6.53 billion, a PE ratio of 24.02 and a beta of 0.99.

MSA Safety Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Friday, November 15th were given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date of this dividend was Friday, November 15th. MSA Safety’s dividend payout ratio (DPR) is currently 29.48%.

Hedge Funds Weigh In On MSA Safety

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

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.