William Blair Increases Earnings Estimates for MSA Safety

MSA Safety Incorporated (NYSE:MSA - Free Report) - Stock analysts at William Blair lifted their FY2024 EPS estimates for MSA Safety in a report released on Thursday, November 14th. William Blair analyst R. Sparenblek now expects that the industrial products company will post earnings per share of $7.85 for the year, up from their previous forecast of $7.75. The consensus estimate for MSA Safety's current full-year earnings is $7.64 per share. William Blair also issued estimates for MSA Safety's Q4 2024 earnings at $2.40 EPS, Q1 2025 earnings at $1.73 EPS, Q2 2025 earnings at $2.14 EPS, Q3 2025 earnings at $2.05 EPS and Q4 2025 earnings at $2.43 EPS.

MSA Safety (NYSE:MSA - Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $1.83 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 business had revenue of $432.68 million during the quarter, compared to analysts' expectations of $449.95 million. During the same quarter in the previous year, the company earned $1.78 EPS. The business's quarterly revenue was down 3.1% compared to the same quarter last year.

MSA has been the topic of a number of other reports. Stifel Nicolaus boosted their target price on MSA Safety from $200.00 to $215.00 and gave the stock a "buy" rating in a research report on Friday, July 26th. B. Riley started coverage on MSA Safety in a report on Tuesday, November 5th. They issued a "buy" rating and a $200.00 price target on the stock.

MSA Safety Stock Performance

Shares of NYSE MSA traded down $2.11 during trading on Monday, reaching $169.92. 62,702 shares of the company traded hands, compared to its average volume of 153,301. The firm has a 50 day simple moving average of $173.16 and a 200-day simple moving average of $179.93. The stock has a market capitalization of $6.68 billion, a PE ratio of 25.24 and a beta of 0.99. MSA Safety has a 52-week low of $160.02 and a 52-week high of $200.60. The company has a quick ratio of 1.56, a current ratio of 2.68 and a debt-to-equity ratio of 0.48.

Institutional Trading of MSA Safety

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its stake in MSA Safety by 198.8% in the second quarter. GAMMA Investing LLC now owns 245 shares of the industrial products company's stock valued at $46,000 after acquiring an additional 163 shares in the last quarter. Blue Trust Inc. increased 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 purchasing an additional 209 shares in the last quarter. Quarry LP increased its holdings in 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 boosted its position in MSA Safety by 985.1% in the 3rd quarter. Covestor Ltd now owns 803 shares of the industrial products company's stock valued at $143,000 after buying an additional 729 shares during the last quarter. Finally, National Bank of Canada FI bought a new position in shares of MSA Safety during the third quarter worth about $198,000. Hedge funds and other institutional investors own 92.51% of the company's stock.

MSA Safety Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th will be given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date of this dividend is Friday, November 15th. MSA Safety's payout ratio is 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.