MSA Safety Stock (NYSE:MSA), Trade Ideas

MSA Safety

MSA Safety Inc makes safety products that are used to protect workers in the oil and gas and mining industries. The products include breathing apparatuses, fall protection, portable gas detection systems, industrial head protection, fire and rescue helmets, and fixed gas and flame detection systems. End markets include the fire service, contractor, industrial, mining, oil and gas, and utilities industries. MSA Safety generates majority of its revenue in North America. The company's reportable geographic segments are Americas, International and Corporate.

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Markets

Trading Ideas

Momentum investing revolves around the idea of following a stock&#39;s recent trend in either direction. In the &#39;long&#39; context, investors will be essentially be &#34;buying high, but hoping to sell even higher.&#34; With this methodology, taking advantage of trends in a stock&#39;s price is key; once a stock establishes a course, it is more than likely to continue moving that way.

MSA Safety (MSA) Is Up 3.26% in One Week: What You Should Know

Equities

Contracts

MSA Safety, Inc. (NYSE: MSA) has secured a $35 million contract with the U.S.

MSA Safety Secures $35M US Air Force Contract for Advanced Respiratory Gear

General

Safety products maker MSA Safety Inc (NYSE: MSA) has expanded its marketing 

MSA Safety Scores Big With Pittsburgh Penguins: New Helmet Branding Deal Revealed

MSA Safety Inc

MS&AD INS GRP HLDGS ORD by MS&AD Insurance Group Holdings, Inc.

MS&AD Insurance Group Holdings Inc

MS&AD INS GRP HL UNSP/ADR by MS&AD Insurance Group Holdings, Inc.

MAN SHING AGRICULTRL HLDG by Man Shing Agricultural Holdings, Inc.

Man Shing Agricultural Holdings Inc

MultiSensor AI Holdings, Inc. - Common Stock

MultiSensor AI Holdings Inc

Momentum investing revolves around the idea of following a stock&#39;s recent trend in either direction. In the &#39;long&#39; context, investors will be essentially be &quot;buying high, but hoping to sell even higher.&quot; With this methodology, taking advantage of trends in a stock&#39;s price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.
Even though momentum is a popular stock characteristic, it can be tough to define. Debate surrounding which are the best and worst metrics to focus on is lengthy, but the Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us.
Below, we take a look at MSA Safety (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/msa#NYSE">MSA</a>), which currently has a Momentum Style Score of B. We also discuss some of the main drivers of the Momentum Style Score, like price change and earnings estimate revisions.
It&#39;s also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. MSA Safety currently has a Zacks Rank of #1 (Strong Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period.
Set to Beat the Market?
Let&#39;s discuss some of the components of the Momentum Style Score for MSA that show why this maker of safety products shows promise as a solid momentum pick.
Looking at a stock&#39;s short-term price activity is a great way to gauge if it has momentum, since this can reflect both the current interest in a stock and if buyers or sellers have the upper hand at the moment. It&#39;s also helpful to compare a security to its industry; this can show investors the best companies in a particular area.
For MSA, shares are up 3.26% over the past week while the Zacks Security and Safety Services industry is flat over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 3.69% compares favorably with the industry&#39;s 0.26% performance as well.
While any stock can see its price increase, it takes a real winner to consistently beat the market. That is why looking at longer term price metrics -- such as performance over the past three months or year -- can be useful as well. Over the past quarter, shares of MSA Safety have risen 15.97%, and are up 45.51% in the last year. On the other hand, the S&amp;P 500 has only moved 10.16% and 28.53%, respectively.
Investors should also take note of MSA&#39;s average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. Right now, MSA is averaging 124,104 shares for the last 20 days.
Earnings Outlook
The Zacks Momentum Style Score also takes into account trends in estimate revisions, in addition to price changes. Please note that estimate revision trends remain at the core of Zacks Rank as well. A nice path here can help show promise, and we have recently been seeing that with MSA.
Over the past two months, 2 earnings estimates moved higher compared to none lower for the full year. These revisions helped boost MSA&#39;s consensus estimate, increasing from $7.41 to $7.73 in the past 60 days. Looking at the next fiscal year, 1 estimate has moved upwards while there have been no downward revisions in the same time period.
Bottom Line
Given these factors, it shouldn&#39;t be surprising that MSA is a #1 (Strong Buy) stock and boasts a Momentum Score of B. If you&#39;re looking for a fresh pick that&#39;s set to soar in the near-term, make sure to keep MSA Safety on your short list.
<a href="https://www.zacks.com/stock/news/2249972/msa-safety-msa-is-up-3-26-in-one-week-what-you-should-know?cid=CS-BENZ-FT-tale_of_the_tape|yseop_template_10-2249972">To read this article on Zacks.com click here.</a>

The Board has also elected Blanco as a director of the company, effective immediately.&nbsp; Blanco, 57, currently serves as MSA&#39;s President and Chief Operating Officer.&nbsp;His election is part of a planned management succession and coincides with a decision by MSA Chairman and CEO&nbsp;Nish Vartanian&nbsp;to inform the Board of Directors that he intends to retire as CEO in May of this year.&nbsp;

Management

MSA Safety Elects Steve Blanco As CEO, To Be Effective May 10, 2024; Nish Vartanian To Retire

MSA Safety (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSA#NYSE">MSA</a>) reported its Q4 earnings results on Wednesday, February 14, 2024 at 04:45 PM.
Here's what investors need to know about the announcement.
<h3>Earnings</h3>
MSA Safety beat estimated earnings by 10.16%, reporting an EPS of $2.06 versus an estimate of $1.87.
Revenue was up $52.10 million from the same period last year.
<h3>Past Earnings Performance</h3>
Last quarter the company beat on EPS by $0.32 which was followed by a 7.11% increase in the share price the next day.
Here's a look at MSA Safety's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>1.46</td>
<td>1.46</td>
<td>1.05</td>
<td>1.63</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>1.78</td>
<td>1.83</td>
<td>1.36</td>
<td>1.80</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>409.93M</td>
<td>420.85M</td>
<td>361.75M</td>
<td>429.85M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>446.73M</td>
<td>447.30M</td>
<td>398.26M</td>
<td>443.25M</td>
</tr>
</tbody>
</table>

To track all earnings releases for MSA Safety <a href="https://www.benzinga.com/quote/MSA/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings

Recap: MSA Safety Q4 Earnings

MSA Safety (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSA#NYSE">MSA</a>) reported quarterly earnings of $2.06 per share which beat the analyst consensus estimate of $1.87 by 10.16 percent. The company reported quarterly sales of $495.36 million which beat the analyst consensus estimate of $467.54 million by 5.95 percent. This is a 11.75 percent increase over sales of $443.25 million the same period last year.

Earnings Beats

MSA Safety Q4 2023 Adj EPS $2.06 Beats $1.87 Estimate, Sales $495.36M Beat $467.54M Estimate

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Earnings Scheduled For February 14, 2024

MSA Safety (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSA#NYSE">MSA</a>) is set to give its latest quarterly earnings report on Wednesday, 2024-02-14. Here's what investors need to know before the announcement.
Analysts estimate that MSA Safety will report an earnings per share (EPS) of $1.87. 
MSA Safety bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Past Earnings Performance</h3>
Last quarter the company beat EPS by $0.32, which was followed by a 7.11% increase in the share price the next day.
Here's a look at MSA Safety's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>1.46</td>
<td>1.46</td>
<td>1.05</td>
<td>1.63</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>1.78</td>
<td>1.83</td>
<td>1.36</td>
<td>1.80</td>
</tr>
<tr>
<td>Price Change %</td>
<td>7.11%</td>
<td>8.33%</td>
<td>1.54%</td>
<td>1.29%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1707847284_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of MSA Safety were trading at $177.48 as of February 12. Over the last 52-week period, shares are up 28.58%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<a href="https://www.benzinga.com/quote/MSA/earnings">To track all earnings releases for MSA Safety visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

MSA Safety Earnings Preview

Stifel analyst Stanley Elliott maintains MSA Safety (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSA#NYSE">MSA</a>) with a Buy and raises the price target from $200 to $209.

Price Target

Analyst Ratings

Stifel Maintains Buy on MSA Safety, Raises Price Target to $209

MSA Safety, Inc.&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/msa#NYSE">MSA</a>) has secured a $35 million contract with the U.S. Air Force to provide advanced respiratory&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/pressreleases/23/12/n36111431/msa-safety-awarded-35-million-breathing-apparatus-contract-with-u-s-air-force" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">protective equipment for air base fire brigades.&nbsp;</a>
The deal includes MSA&#39;s G1 Self-Contained Breathing Apparatus (SCBA), chemical warfare component masks, and more. These units will replace older models and serve U.S. Air Force fire brigades worldwide.
&quot;We are incredibly proud the U.S. Air Force has once again put their&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/money/setting-up-a-trust/" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">trust</a>&nbsp;and confidence in the MSA brand,&quot; said Nish Vartanian, MSA Safety Chairman and Chief Executive Officer.&nbsp;
The G1 SCBA platform offers innovative features, including electronic component elimination from the facepiece, a &quot;Central Power&quot; design powered by a single rechargeable battery, and enhanced voice amplification communications. The G1&#39;s ergonomic design and adjustable features ensure comfort during prolonged use.&nbsp;
Production is underway at MSA&#39;s Murrysville, Pennsylvania facility, with deliveries expected through 2024.
Price Action:&nbsp;MSA shares traded lower by 0.18% at $173.57 on the last check Wednesday.
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was Reviewed And Published By Benzinga Editors.
Photo Via Company

MSA Safety  Awarded $35M Contract With US Air Force To Provide Air Base Fire Brigades With New Respiratory Protective Equipment

WIIM

MSA Safety hares are trading higher after the company reported better-than-expected Q3 results.

Guidance

MSA Safety Increases Full Year Sales Growth Outlook From Prior View Of Low Double-Digits To Mid-Teens

MSA Safety (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSA#NYSE">MSA</a>) reported quarterly adj. earnings of $1.78 per share which beat the analyst consensus estimate of $1.46 by 21.92 percent. This is a 22.76 percent increase over earnings of $1.45 per share from the same period last year. The company reported quarterly sales of $446.73 million which beat the analyst consensus estimate of $409.93 million by 8.98 percent. This is a 17.04 percent increase over sales of $381.69 million the same period last year.

MSA Safety Q3 Adj EPS $1.78 Beats $1.46 Estimate, Sales $446.73M Beat $409.93M Estimate

MSA Safety (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSA#NYSE">MSA</a>) is set to give its latest quarterly earnings report on Tuesday, 2023-10-24. Here's what investors need to know before the announcement.
Analysts estimate that MSA Safety will report an earnings per share (EPS) of $1.46. 
MSA Safety bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Historical Earnings Performance</h3>
Last quarter the company beat EPS by $0.37, which was followed by a 8.33% increase in the share price the next day.
Here's a look at MSA Safety's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
<th>Q3 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>1.46</td>
<td>1.05</td>
<td>1.63</td>
<td>1.24</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>1.83</td>
<td>1.36</td>
<td>1.80</td>
<td>1.45</td>
</tr>
<tr>
<td>Price Change %</td>
<td>8.33%</td>
<td>1.54%</td>
<td>1.29%</td>
<td>12.23%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2023/1698084254_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of MSA Safety were trading at $149.51 as of October 20. Over the last 52-week period, shares are up 26.12%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<a href="https://www.benzinga.com/quote/MSA/earnings">To track all earnings releases for MSA Safety visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

MSA Safety's Earnings Outlook

Safety products maker&nbsp;MSA Safety Inc&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/msa#NYSE">MSA</a>) has expanded its marketing&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/pressreleases/23/09/n34865476/msa-safety-expands-brand-marketing-partnership-with-pittsburgh-penguins" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">partnership with the Pittsburgh Penguins&#39; hockey team.</a>
Under the terms of the agreement, MSA Safety brand will be featured on the team&#39;s away-game helmets, starting with the 2023-24 National Hockey League (NHL) season.
The new three-year agreement will have the MSA Safety logo on both sides of the Penguins players&#39; white helmets for all road games through the 2025-26 regular season and playoffs.
The partnership expands MSA&#39;s association with the Penguins, which was established in 2016.
&quot;Previously, we had the MSA brand on one of the Penguins&#39; Zamboni machines, and that did a wonderful job in helping us raise our profile in Western Pennsylvania,&quot; said MSA Safety Chairman and CEO.
&quot;This strategic investment is about expanding our brand visibility throughout North America and really around the world.&quot;
The MSA branded helmet will make its regular-season debut on October 13.
Price Action: MSA shares are trading lower by 0.41% at $163.77 on the last check Monday.
Photo Via Company

&nbsp;Company logo to adorn team's away-game helmets for next three seasons

MSA Safety Expands Brand Marketing Partnership With Pittsburgh Penguins

Stifel analyst Stanley Elliott reiterates MSA Safety (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSA#NYSE">MSA</a>) with a Buy and maintains $196 price target.

Reiteration

Stifel Reiterates Buy on MSA Safety, Maintains $196 Price Target

Stifel analyst Stanley Elliott maintains MSA Safety (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSA#NYSE">MSA</a>) with a Buy and raises the price target from $168 to $196.

Stifel Maintains Buy on MSA Safety, Raises Price Target to $196

Baird analyst Richard Eastman maintains MSA Safety (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSA#NYSE">MSA</a>) with a Neutral and raises the price target from $159 to $170.

Baird Maintains Neutral on MSA Safety, Raises Price Target to $170

MSA Safety shares are trading higher following better-than-expected Q2 results.

MSA Safety (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSA#NYSE">MSA</a>) reported quarterly earnings of $1.83 per share which beat the analyst consensus estimate of $1.46 by 25.34 percent. This is a 41.86 percent increase over earnings of $1.29 per share from the same period last year. The company reported quarterly sales of $447.30 million which beat the analyst consensus estimate of $420.85 million by 6.28 percent. This is a 20.14 percent increase over sales of $372.31 million the same period last year.

MSA Safety Q2 Adj EPS $1.83 Beats $1.46 Estimate, Sales $447.30M Beat $420.85M Estimate

Factors such as global geopolitical tensions, rapid technological advancements, and military modernization efforts are all driving the long-term growth of the defense industry. Hence, investors could consider buying top defense stocks Kaman (KAMN), OSI Systems (OSIS), and MSA Safety (MSA) for long-term growth. Read on... The defense industry's growth prospects appear promising as a result of growing geopolitical tensions around the world, technological improvements, and higher defense spending.
Therefore, investors could consider buying fundamentally strong defense stocks Kaman Corporation (<a href="https://stocknews.com/stock/KAMN/">KAMN</a>), OSI Systems, Inc. (<a href="https://stocknews.com/stock/OSIS/">OSIS</a>), and MSA Safety Incorporated (<a href="https://stocknews.com/stock/MSA/">MSA</a>) for long-term growth.
Before diving deeper into their fundamentals, let's discuss what's happening in the defense industry.
According to an annual assessment by the military think tank, the International Institute of Strategic Studies, <a href="https://www.theguardian.com/world/2024/feb/13/global-defence-spending-rises-9-per-cent-to-record-22tn-dollars">global defense spending increased by 9% to a record $2.2 trillion in 2023</a>, spurred by the growing geopolitical tensions created by Russia's invasion of Ukraine.
In addition, the think tank has stated that it anticipates defense budgets to rise even more in 2024 as the conflict enters its third year and there exists fears of unrest spreading throughout the Middle East following the Israel - Hamas war.
Furthermore, the U.S. Congress approved a record <a href="https://www.reuters.com/world/us/biden-signs-886-billion-us-defense-policy-bill-into-law-2023-12-22/">$886.3 billion in annual military spending</a>. The National Defense Authorization Act (NDAA) includes measures to help Ukraine, a five-percent hike to military personnel, and a disputed domestic surveillance authority.
In addition, President Biden revealed a budget proposal that seeks to <a href="https://www.thenationalnews.com/world/us-news/2024/03/11/white-house-seeks-nearly-900bn-in-defence-and-security-spending/">spend $895 billion on military and national security</a>, which is less than previous years' increases but still the highest amount to date.
The request includes $45 billion for homeland security and nuclear weapons-related activities carried out by the Department of Energy. It is the result of a two-year budget agreement reached in mid-2023 that limited the budget increase to 1%.
Furthermore, the aerospace and defense industry is witnessing enhanced prospects as aerial warfare is continuously evolving due to the use of drones, advanced combat aircraft, and surface-to-air missiles. The aerospace and defense market is expected to reach $1.23 trillion in 2028, growing at a <a href="https://www.researchandmarkets.com/reports/5939557/aerospace-defense-global-market-report">CAGR of 5.8%</a>.
The aerospace and defense industry is steadily investing in artificial intelligence and robotics. AI is being used in maintenance, health monitoring, airport operations, and pilot training, making it an essential aspect of aerospace. The artificial intelligence and robotics market in aerospace and defense is estimated to reach $34.60 billion by 2029, growing at a <a href="https://www.maximizemarketresearch.com/market-report/artificial-intelligence-and-robotics-in-aerospace-and-defense-market/183933/">7.8% CAGR</a>.
Moreover, investors' interest in defense stocks is evident from the SPDR S&amp;P Aerospace &amp; Defense ETF's (<a href="https://stocknews.com/stock/XAR/">XAR</a>) 21.6% returns over the past year.
With these encouraging trends in mind, let's delve into the fundamentals of the three best <a href="https://stocknews.com/category/air-defense/">Air/Defence Services</a> stock picks, beginning with the third choice.
Stock #3: Kaman Corporation (<a href="https://stocknews.com/stock/KAMN/">KAMN</a>)
KAMN operates in the aerospace, defense, medical, and industrial markets. It operates through three segments: Engineered Products, Precision Products, and Structures. The company produces and markets aircraft bearings and components, super precision, miniature ball bearings, and spring-energized seals.
KAMN's total assets have grown at a CAGR of 4.7% over the past three years.
KAMN's trailing-12-month gross profit margin of 34.96% is 14.8% higher than the 30.44% industry average. Also, its 3.35% trailing-12-month CAPEX / Sales is 11.7% higher than the 3% industry average.
During the fourth quarter that ended December 31, 2023, KAMN's net sales increased 3% year-over-year to $203.12 million. Its adjusted net earnings for the quarter were $3.45 million. The company's adjusted EPS came in at $0.12. Also, the company's <a href="https://www.investopedia.com/terms/a/adjusted-ebitda.asp">adjusted EBITDA</a> stood at $25.62 million.
Street expects KAMN's EPS and revenue for the quarter ending June 30, 2024, to increase 9.1% and 2.2% year-over-year to $0.24 and $199.35 million, respectively. Over the past six months, the stock has gained 126.7% to close the last trading session at $45.91.
KAMN's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect this promising outlook. It has an overall rating of B, equating to a Buy in our proprietary rating system. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.
KAMN has a B grade for Growth, Value, and Momentum. Within the <a href="https://stocknews.com/category/air-defense/">Air/Defense Services</a> industry, it is ranked #20 out of 73 stocks. To see the additional ratings of KAMN for Stability, Sentiment, and Quality, <a href="https://stocknews.com/stock/KAMN/">click here</a>.
Stock #2: OSI Systems, Inc. (<a href="https://stocknews.com/stock/OSIS/">OSIS</a>)
OSIS designs and manufactures electronic systems and components. The company operates in three segments: Security, Healthcare, and Optoelectronics and Manufacturing. It offers baggage and parcel inspection, cargo and vehicle inspection, hold baggage and people screening, radiation monitoring, and explosive and narcotics trace detection systems.
On March 11, 2024, OSIS reported that its Optoelectronics and Manufacturing division had obtained a $3 million order to deliver advanced optical sensors to a major defense electronics original equipment manufacturer (OEM). These high-precision components are intended for integration into sophisticated missile systems.
OSI Systems' Chairman and Chief Executive Officer, Deepak Chopra, stated, "This collaboration underscores our commitment to excellence and innovation in defense technologies. We are honored to contribute to the enhancement of global security measures with our optical sensor products."
On March 7, 2024, OSIS was awarded a $16 million contract by an international airport to enhance its checkpoint security infrastructure. To improve security operations, modern 920CT screening technologies will be connected with automated tray return systems (TRS) lanes.
OSI Systems' Chairman and CEO, Deepak Chopra, stated, "This award signifies another milestone in our ongoing commitment to delivering advanced security solutions to this customer. Adding our TRS lanes is expected to enhance throughput further, providing a smoother and more efficient passenger screening process."
OSIS' revenue has grown at a CAGR of 7.5% over the past three years. Also, the company's net income grew at a CAGR of 21.8% over the past three years.
OSIS' trailing-12-month net income margin of 8.31% is 206% higher than the 2.72% industry average. Its trailing-12-month EBIT margin of 11.49% is 137.9% higher than the 4.83% industry average. Additionally, its 16.02% trailing-12-month Return on Common Equity is 407.7% higher than the 3.16% industry average.
For the fiscal 2024 second quarter that ended December 31, 2023, OSIS' total net revenue increased 26.3% year-over-year to $373.23 million. Its non-GAAP operating income increased 84.1% from the year-ago value to $58.03 million.
In addition, its non-GAAP net income and non-GAAP EPS came in at $38.25 million and $2.21, up 87.7% and 85.7% year-over-year, respectively. As of December 31, 2023, the company's cash and cash equivalents were $127.26 million, compared to $76.75 million as of June 30, 2023.
For the quarter ending March 31, 2024, OSIS's revenue and EPS are expected to increase 32.7% and 41.3% year-over-year to $401.99 million and $2.11, respectively. It surpassed the consensus EPS estimates in each of the trailing four quarters. Over the past year, the stock has gained 41.6% to close the last trading session at $129.70.
OSIS' strong fundamentals are reflected in its POWR Ratings. It has an overall rating of B, which equates to a Buy in our proprietary rating system.
It is ranked #19 in the same industry. It has an A grade for Sentiment and a B for Growth. <a href="https://stocknews.com/stock/OSIS/">Click here</a> to see the additional ratings of OSIS for Value, Momentum, Stability, and Quality.
Stock #1: MSA Safety Incorporated (<a href="https://stocknews.com/stock/MSA/">MSA</a>)
MSA develops, manufactures, and supplies safety products and software that protect people and facility infrastructures in the oil, gas, petrochemical, fire service, construction, industrial manufacturing applications, heating, ventilation, air conditioning and refrigeration, utilities, military, and mining industries.
MSA's revenue has grown at a CAGR of 9.9% over the past three years. Also, the company's levered free cash flow grew at a CAGR of 40.8% over the past three years.
MSA's trailing-12-month gross profit margin 47.67% is 56.6% higher than the industry average of 30.44%. Likewise, the stock's trailing-12-month levered FCF margin of 16.57% is 154.3% higher than the industry average of 6.52%. Additionally, its 22.52% trailing-12-month EBIT margin is 126.1% higher than the industry average of 9.96%.
MSA's net sales grew 11.7% year-over-year to $495 million for the fourth quarter that ended December 31, 2023. Its adjusted operating income increased 19.8% from the year-ago value to $115 million. Also, the company's adjusted earnings and adjusted EPS were $82 million and $2.06, up 15.5% and 14.4% from the previous year's quarter, respectively.
Analysts expect MSA's EPS and revenue for the quarter ending March 31, 2024, to increase 15% and 7.6% year-over-year to $1.56 and $428.38 million, respectively. It surpassed the Street EPS estimates in each of the trailing four quarters. MSA shares have gained 42.2% over the past year, closing the last trading session at $186.81.
It's no surprise that MSA has an overall B rating, equating to a Buy in our POWR Ratings system.
It has an A grade for Sentiment and a B for Growth, Momentum, and Quality. It is ranked #17 in the Air/Defense Services industry.
Beyond what is stated above, we've also rated MSA for Value and Stability. Get all MSA ratings <a href="https://stocknews.com/stock/MSA/">here</a>.
What To Do Next?
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MSA shares were trading at $186.46 per share on Thursday morning, down $0.35 (-0.19%). Year-to-date, MSA has gained 10.74%, versus a 8.38% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Rashmi Kumari</h2> <img src='https:/wp-content/uploads/2022/10/Rashmi-Kumari_headshot_2-1.jpg' style="float:left; padding:5px;width:125px;">Rashmi is passionate about capital markets, wealth management, and financial regulatory issues, which led her to pursue a career as an investment analyst. With a master's degree in commerce, she aspires to make complex financial matters understandable for individual investors and help them make appropriate investment decisions.<a href="https://stocknews.com/authors/?author=rashmi-kumari">More...</a>The post <a href=https://stocknews.com/news/msa-osis-kamn-3-defense-stock-buys-for-long-term-growth/>3 Defense Stock Buys for Long-Term Growth</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Defense Stock Buys for Long-Term Growth

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BLKLF

KAMN

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OSIS

Dividends

Commodities

Press Releases

MSA Safety Declares Quarterly Dividend

MSA Safety Showcases the Power of Data in HVAC-R Technology

MSA Safety Schedules Fourth Quarter and Full Year 2023 Earnings Conference Call

MSA Safety CEO Nish Vartanian Named to Koppers Board of Directors

MSA Safety Announces Fourth Quarter and Full Year 2023 Results

MSA Safety Announces the Retirement of John T. Ryan III, Director

MSA Safety Elects Steve Blanco CEO as Part of Planned Management Succession; Nish Vartanian to Retire

MSA Safety Launches New Cairns® 1836 Fire Helmet

MSA Safety Debuts Lighter Weight Fire Helmet; Showcases Latest Connected Technologies at FDIC