MSA Safety Incorporated (NYSE:MSA) to Post Q3 2024 Earnings of $1.78 Per Share, William Blair Forecasts

MSA Safety Incorporated (NYSE:MSA) – Equities researchers at William Blair reduced their Q3 2024 earnings estimates for shares of MSA Safety in a research note issued on Friday, July 26th. William Blair analyst R. Sparenblek now expects that the industrial products company will post earnings of $1.78 per share for the quarter, down from their previous estimate of $1.94. William Blair has a “Strong-Buy” rating on the stock. The consensus estimate for MSA Safety’s current full-year earnings is $7.75 per share. William Blair also issued estimates for MSA Safety’s FY2024 earnings at $7.75 EPS and FY2025 earnings at $8.55 EPS.

Separately, Stifel Nicolaus boosted their target price on shares of MSA Safety from $200.00 to $215.00 and gave the company a “buy” rating in a research note on Friday, July 26th. One investment analyst has rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, MSA Safety currently has an average rating of “Buy” and a consensus price target of $192.50.

MSA Safety Stock Performance

Shares of NYSE MSA opened at $187.42 on Monday. The company has a current ratio of 2.45, a quick ratio of 1.54 and a debt-to-equity ratio of 0.55. The company has a 50 day simple moving average of $185.44 and a two-hundred day simple moving average of $183.40. MSA Safety has a 12 month low of $147.35 and a 12 month high of $200.60. The stock has a market cap of $7.37 billion, a price-to-earnings ratio of 27.77 and a beta of 0.99.

MSA Safety (NYSE:MSA) last announced its quarterly earnings data on Monday, April 29th. The industrial products company reported $1.61 EPS for the quarter, beating the consensus estimate of $1.47 by $0.14. MSA Safety had a net margin of 14.97% and a return on equity of 30.64%. The business had revenue of $413.00 million during the quarter, compared to analysts’ expectations of $428.38 million. During the same period in the previous year, the business posted $1.36 EPS. The business’s quarterly revenue was up 3.7% compared to the same quarter last year.

MSA Safety Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Wednesday, May 15th were paid a $0.51 dividend. This is a boost from MSA Safety’s previous quarterly dividend of $0.47. This represents a $2.04 annualized dividend and a dividend yield of 1.09%. The ex-dividend date was Tuesday, May 14th. MSA Safety’s payout ratio is currently 30.22%.

Insider Activity at MSA Safety

In other MSA Safety news, Director J Vartanian & Pamel A. Nishan 6,055 shares of the firm’s stock in a transaction dated Tuesday, July 30th. The was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other MSA Safety news, CEO Nishan J. Vartanian sold 11,000 shares of the company’s stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $185.29, for a total transaction of $2,038,190.00. Following the completion of the transaction, the chief executive officer now directly owns 56,800 shares in the company, valued at $10,524,472. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director J Vartanian & Pamel A. Nishan 6,055 shares of the firm’s stock in a transaction dated Tuesday, July 30th. The disclosure for this trade can be found here. Company insiders own 6.20% of the company’s stock.

Hedge Funds Weigh In On MSA Safety

Large investors have recently added to or reduced their stakes in the stock. Raymond James & Associates grew its holdings in shares of MSA Safety by 23.1% during the fourth quarter. Raymond James & Associates now owns 71,108 shares of the industrial products company’s stock worth $12,005,000 after buying an additional 13,355 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its holdings in shares of MSA Safety by 4.9% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 4,135 shares of the industrial products company’s stock worth $698,000 after buying an additional 193 shares in the last quarter. Pacer Advisors Inc. grew its holdings in shares of MSA Safety by 78.1% during the fourth quarter. Pacer Advisors Inc. now owns 5,557 shares of the industrial products company’s stock worth $938,000 after buying an additional 2,436 shares in the last quarter. Assenagon Asset Management S.A. purchased a new stake in shares of MSA Safety during the fourth quarter worth $4,960,000. Finally, Global Retirement Partners LLC purchased a new stake in shares of MSA Safety during the fourth quarter worth $46,000. 92.51% of the stock is currently owned by institutional investors and hedge funds.

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.