FY2024 Earnings Forecast for MSA Safety Issued By B. Riley

MSA Safety Incorporated (NYSE:MSA) – B. Riley issued their FY2024 earnings per share (EPS) estimates for MSA Safety in a research report issued to clients and investors 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 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.

MSA has been the subject of a number of other reports. William Blair raised MSA Safety to a “strong-buy” rating in a research report on Tuesday, July 16th. Stifel Nicolaus boosted their price objective on shares of MSA Safety from $200.00 to $215.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Two research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Strong Buy” and a consensus target price of $207.50.

MSA Safety Price Performance

Shares of MSA opened at $173.66 on Thursday. MSA Safety has a 1-year low of $157.34 and a 1-year high of $200.60. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.68 and a quick ratio of 1.56. The firm has a 50-day simple moving average of $173.50 and a two-hundred day simple moving average of $180.62. The stock has a market cap of $6.83 billion, a PE ratio of 25.10 and a beta of 0.99.

MSA Safety (NYSE:MSA) last posted its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $1.83 EPS for the quarter, beating the consensus estimate of $1.78 by $0.05. The firm had revenue of $432.68 million during the quarter, compared to the consensus estimate of $449.95 million. MSA Safety had a return on equity of 29.14% and a net margin of 15.16%. The firm’s revenue was down 3.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.78 EPS.

MSA Safety Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 15th will be paid a $0.51 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.17%. MSA Safety’s dividend payout ratio (DPR) is presently 29.48%.

Hedge Funds Weigh In On MSA Safety

Large investors have recently modified their holdings of the stock. Bank of New York Mellon Corp increased its stake in MSA Safety by 3.0% during the second quarter. Bank of New York Mellon Corp now owns 770,641 shares of the industrial products company’s stock valued at $144,642,000 after purchasing an additional 22,366 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of MSA Safety by 3.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 738,951 shares of the industrial products company’s stock valued at $138,695,000 after purchasing an additional 22,979 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of MSA Safety by 12.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 718,969 shares of the industrial products company’s stock valued at $139,186,000 after purchasing an additional 77,960 shares in the last quarter. Champlain Investment Partners LLC lifted its position in shares of MSA Safety by 7.6% during the 1st quarter. Champlain Investment Partners LLC now owns 707,534 shares of the industrial products company’s stock valued at $136,972,000 after acquiring an additional 49,670 shares during the last quarter. Finally, Conestoga Capital Advisors LLC grew its holdings in shares of MSA Safety by 43.5% in the 3rd quarter. Conestoga Capital Advisors LLC now owns 440,316 shares of the industrial products company’s stock worth $78,086,000 after acquiring an additional 133,373 shares during the last quarter. Institutional investors own 92.51% of the company’s stock.

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.