DA Davidson Comments on MSA Safety FY2024 Earnings

MSA Safety Incorporated (NYSE:MSA) – DA Davidson issued their FY2024 earnings per share estimates for MSA Safety in a note issued to investors on Thursday, December 19th. DA Davidson analyst M. Shlisky anticipates that the industrial products company will post earnings per share of $7.73 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 analysts have also recently issued reports on the stock. B. Riley assumed coverage on shares of MSA Safety in a research report on Tuesday, November 5th. They issued a “buy” rating and a $200.00 price objective on the stock. Jefferies Financial Group began coverage on MSA Safety in a report on Thursday, December 12th. They set a “hold” rating and a $200.00 price target on the stock. One investment 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 company presently has a consensus rating of “Buy” and a consensus price target of $202.50.

MSA Safety Stock Up 1.6 %

Shares of MSA Safety stock opened at $168.94 on Monday. The company’s 50 day moving average price is $171.75 and its 200-day moving average price is $177.68. MSA Safety has a 52-week low of $160.02 and a 52-week high of $200.60. 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 stock has a market capitalization of $6.64 billion, a price-to-earnings ratio of 24.41 and a beta of 0.99.

MSA Safety (NYSE:MSA) last posted its quarterly 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. MSA Safety had a return on equity of 29.14% and a net margin of 15.16%. The business had revenue of $432.68 million for the quarter, compared to analyst estimates of $449.95 million. During the same period last year, the company earned $1.78 EPS. MSA Safety’s revenue for the quarter was down 3.1% compared to the same quarter last year.

Institutional Investors Weigh In On MSA Safety

A number of large investors have recently modified their holdings of the stock. Blue Trust Inc. grew its stake in MSA Safety by 486.0% in the third quarter. Blue Trust Inc. now owns 252 shares of the industrial products company’s stock worth $47,000 after purchasing an additional 209 shares during the period. Quarry LP boosted its holdings in shares of MSA Safety by 690.5% during the 3rd quarter. Quarry LP now owns 751 shares of the industrial products company’s stock valued at $133,000 after buying an additional 656 shares in the last quarter. Covestor Ltd grew its position in shares of MSA Safety by 985.1% in the 3rd quarter. Covestor Ltd now owns 803 shares of the industrial products company’s stock worth $143,000 after buying an additional 729 shares during the period. National Bank of Canada FI bought a new position in shares of MSA Safety in the 3rd quarter worth about $198,000. Finally, Kowal Investment Group LLC purchased a new position in MSA Safety during the 2nd quarter valued at about $204,000. Institutional investors own 92.51% of the company’s stock.

MSA Safety Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th were given a $0.51 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $2.04 annualized dividend and a dividend yield of 1.21%. MSA Safety’s dividend 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.