DA Davidson Weighs in on MSA Safety FY2024 Earnings

MSA Safety Incorporated (NYSE:MSA) – Analysts at DA Davidson issued their FY2024 earnings estimates for shares of MSA Safety in a research report issued on Thursday, December 19th. DA Davidson analyst M. Shlisky expects that the industrial products company will earn $7.73 per share for the year. DA Davidson has a “Buy” rating and a $195.00 price target 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.

MSA Safety (NYSE:MSA) last announced its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $1.83 earnings per share for the quarter, beating the consensus estimate of $1.78 by $0.05. The company had revenue of $432.68 million during 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%. The firm’s quarterly revenue was down 3.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.78 earnings per share.

MSA has been the topic of several other reports. B. Riley started coverage on MSA Safety in a research report on Tuesday, November 5th. They set a “buy” rating and a $200.00 price objective on the stock. Jefferies Financial Group began coverage on shares of MSA Safety in a report on Thursday, December 12th. They set a “hold” rating and a $200.00 price target on the stock. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, MSA Safety has an average rating of “Buy” and an average price target of $202.50.

MSA Safety Stock Performance

Shares of MSA opened at $168.94 on Monday. MSA Safety has a 12 month low of $160.02 and a 12 month high of $200.60. The business’s fifty day simple moving average is $171.75 and its two-hundred day simple moving average is $177.68. The company has a current ratio of 2.68, a quick ratio of 1.56 and a debt-to-equity ratio of 0.48. The company has a market cap of $6.64 billion, a price-to-earnings ratio of 24.41 and a beta of 0.99.

Hedge Funds Weigh In On MSA Safety

Several institutional investors have recently made changes to their positions in the business. Blue Trust Inc. grew its position in MSA Safety by 486.0% during the third quarter. Blue Trust Inc. now owns 252 shares of the industrial products company’s stock valued at $47,000 after buying an additional 209 shares during the period. Quarry LP increased its stake in shares of MSA Safety by 690.5% in the 3rd quarter. Quarry LP now owns 751 shares of the industrial products company’s stock worth $133,000 after purchasing an additional 656 shares in the last quarter. Covestor Ltd raised its holdings in 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 purchasing an additional 729 shares during the period. National Bank of Canada FI purchased a new position in MSA Safety during the third quarter valued at $198,000. Finally, Kowal Investment Group LLC bought a new stake in MSA Safety during the second quarter valued at about $204,000. Institutional investors own 92.51% of the company’s stock.

MSA Safety Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th were issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date of this dividend was Friday, November 15th. MSA Safety’s dividend payout ratio is 29.48%.

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.