B. Riley Forecasts MSA Safety's FY2024 Earnings (NYSE:MSA)

MSA Safety Incorporated (NYSE:MSA - Free Report) - Equities research analysts at B. Riley issued their FY2024 EPS estimates for shares of MSA Safety in a report released on Monday, November 4th. B. Riley analyst J. Van. Sinderen expects that the industrial products company will post earnings per share of $7.44 for the year. B. Riley currently has a "Strong-Buy" rating on the stock. The consensus estimate for MSA Safety's current full-year earnings is $7.75 per share. B. Riley also issued estimates for MSA Safety's Q4 2024 earnings at $1.99 EPS, FY2025 earnings at $7.81 EPS, FY2026 earnings at $8.60 EPS, FY2027 earnings at $9.61 EPS and FY2028 earnings at $10.54 EPS.

A number of other analysts also recently issued reports on the stock. William Blair upgraded shares of MSA Safety to a "strong-buy" rating in a report on Tuesday, July 16th. Stifel Nicolaus lifted their price objective on shares of MSA Safety from $200.00 to $215.00 and gave the company a "buy" rating in a report on Friday, July 26th. Two investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, MSA Safety currently has a consensus rating of "Strong Buy" and a consensus price target of $207.50.

MSA Safety Stock Down 0.5 %

MSA stock traded down $0.82 during mid-day trading on Thursday, hitting $172.87. 276,037 shares of the company were exchanged, compared to its average volume of 153,754. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.56 and a current ratio of 2.68. The firm has a market cap of $6.80 billion, a P/E ratio of 24.98 and a beta of 0.99. The firm's 50 day simple moving average is $173.37 and its 200 day simple moving average is $180.57. MSA Safety has a 1-year low of $157.34 and a 1-year high of $200.60.

MSA Safety (NYSE:MSA - Get Free Report) 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. The business had revenue of $432.68 million for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period last year, the company posted $1.78 EPS.

MSA Safety Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th will be given a dividend of $0.51 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.04 dividend on an annualized basis and a yield of 1.18%. MSA Safety's dividend payout ratio (DPR) is 29.48%.

Institutional Investors Weigh In On MSA Safety

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Quest Partners LLC lifted its holdings in shares of MSA Safety by 270,025.0% during the third quarter. Quest Partners LLC now owns 10,805 shares of the industrial products company's stock worth $1,916,000 after buying an additional 10,801 shares in the last quarter. Thrivent Financial for Lutherans raised its stake in MSA Safety by 3.4% in the third quarter. Thrivent Financial for Lutherans now owns 9,245 shares of the industrial products company's stock valued at $1,640,000 after purchasing an additional 300 shares in the last quarter. Mutual of America Capital Management LLC raised its stake in MSA Safety by 0.3% in the third quarter. Mutual of America Capital Management LLC now owns 21,267 shares of the industrial products company's stock valued at $3,771,000 after purchasing an additional 71 shares in the last quarter. ING Groep NV acquired a new position in MSA Safety in the third quarter valued at about $1,011,000. Finally, Victory Capital Management Inc. raised its stake in MSA Safety by 33.4% in the third quarter. Victory Capital Management Inc. now owns 87,454 shares of the industrial products company's stock valued at $15,509,000 after purchasing an additional 21,902 shares in the last quarter. Institutional investors and hedge funds 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.