FY2024 EPS Estimates for MSA Safety Reduced by William Blair

MSA Safety Incorporated (NYSE:MSA - Free Report) - Equities research analysts at William Blair reduced their FY2024 earnings 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 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 has been the topic of several other reports. Jefferies Financial Group initiated coverage on shares of MSA Safety in a research report on Thursday, December 12th. They set a "hold" rating and a $200.00 target price on the stock. 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 on the stock. Finally, DA Davidson started coverage on shares of MSA Safety in a research report on Thursday. They set 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 issued a strong buy rating to the company's stock. According to data from MarketBeat, MSA Safety has an average rating of "Buy" and an average price target of $202.50.

MSA Safety Price Performance

MSA stock traded up $0.84 on Monday, reaching $166.21. 166,378 shares of the company's stock were exchanged, compared to its average volume of 160,137. The stock has a fifty day moving average of $171.75 and a 200-day moving average of $177.68. The firm has a market cap of $6.53 billion, a PE ratio of 24.02 and a beta of 0.99. The company has a quick ratio of 1.56, a current ratio of 2.68 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.

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

Hedge Funds Weigh In On MSA Safety

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MSA. Cooke & Bieler LP purchased a new stake in MSA Safety in the 2nd quarter valued at approximately $60,236,000. Conestoga Capital Advisors LLC lifted its position 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 acquiring an additional 210,968 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of MSA Safety by 27.6% during 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 acquiring an additional 169,168 shares during the last quarter. Victory Capital Management Inc. increased its position in 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 worth $12,303,000 after purchasing an additional 57,827 shares in the last quarter. Finally, State Street Corp raised its stake in MSA Safety by 2.5% in the 3rd quarter. State Street Corp now owns 1,691,319 shares of the industrial products company's stock valued at $299,939,000 after purchasing an additional 40,569 shares during the last quarter. Institutional investors and hedge funds own 92.51% of the company's stock.

MSA Safety Dividend Announcement

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

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.