DA Davidson Comments on MSA Safety FY2024 Earnings

MSA Safety Incorporated (NYSE:MSA - Free Report) - DA Davidson issued their FY2024 earnings estimates for shares of MSA Safety in a research note issued on Thursday, December 19th. DA Davidson analyst M. Shlisky anticipates that the industrial products company will earn $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.

A number of other equities research analysts also recently issued reports on MSA. B. Riley began coverage on MSA Safety in a research report on Tuesday, November 5th. They set a "buy" rating and a $200.00 price target for the company. Jefferies Financial Group assumed coverage on MSA Safety in a report on Thursday, December 12th. They set a "hold" rating and a $200.00 target price for the company. One 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 company. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $202.50.

MSA Safety Trading Up 0.5 %

Shares of MSA stock traded up $0.84 on Monday, reaching $166.21. 166,378 shares of the stock were exchanged, compared to its average volume of 160,137. 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 stock has a market cap of $6.53 billion, a P/E ratio of 24.02 and a beta of 0.99. The firm has a 50 day moving average of $171.75 and a two-hundred day moving average of $177.68. MSA Safety has a 1-year low of $160.02 and a 1-year high of $200.60.

MSA Safety (NYSE:MSA - Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $1.83 EPS for the quarter, topping the consensus estimate of $1.78 by $0.05. The firm had revenue of $432.68 million during the quarter, compared to analyst estimates of $449.95 million. MSA Safety had a net margin of 15.16% and a return on equity of 29.14%. MSA Safety's revenue for the quarter was down 3.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.78 earnings per share.

MSA Safety Announces Dividend

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

Hedge Funds Weigh In On MSA Safety

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. State Street Corp lifted its position in shares of MSA Safety by 2.5% during the third quarter. State Street Corp now owns 1,691,319 shares of the industrial products company's stock worth $299,939,000 after purchasing an additional 40,569 shares in the last quarter. Geode Capital Management LLC increased its stake in MSA Safety by 27.6% during the 3rd quarter. Geode Capital Management LLC now owns 781,705 shares of the industrial products company's stock worth $138,658,000 after buying an additional 169,168 shares during the period. Bank of New York Mellon Corp lifted its holdings in MSA Safety by 3.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 770,641 shares of the industrial products company's stock worth $144,642,000 after buying an additional 22,366 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in MSA Safety by 3.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 738,951 shares of the industrial products company's stock valued at $138,695,000 after buying an additional 22,979 shares during the last quarter. Finally, Conestoga Capital Advisors LLC grew its stake in shares of MSA Safety by 43.5% during the third quarter. Conestoga Capital Advisors LLC now owns 440,316 shares of the industrial products company's stock valued at $78,086,000 after acquiring an additional 133,373 shares in the last quarter. Hedge funds and other institutional investors own 92.51% of the company's stock.

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.