MSC Industrial Direct Company, Inc. (MSM) Releases Q1 Earnings Guidance
MSC Industrial Direct Company, Inc. (NYSE:MSM) updated its first quarter earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $1.03-1.07 for the period, compared to the Thomson Reuters consensus estimate of $1.02. The company issued revenue guidance of $762-776 million, compared to the consensus revenue estimate of $758.68 million.
Several analysts have issued reports on the company. Zacks Investment Research raised MSC Industrial Direct from a hold rating to a buy rating and set a $99.00 target price for the company in a research note on Saturday, July 8th. BidaskClub raised MSC Industrial Direct from a strong sell rating to a sell rating in a research note on Wednesday, July 5th. BMO Capital Markets upped their target price on MSC Industrial Direct to $92.00 and gave the stock a market perform rating in a research note on Wednesday. Wells Fargo & Company set a $86.00 target price on MSC Industrial Direct and gave the stock a hold rating in a research note on Wednesday. Finally, Credit Suisse Group set a $93.00 target price on MSC Industrial Direct and gave the stock a buy rating in a research note on Friday, October 6th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus target price of $88.86.
Shares of MSC Industrial Direct Company, Inc. (NYSE MSM) traded down 2.24% during trading on Wednesday, hitting $81.04. The company had a trading volume of 285,571 shares. The company has a market capitalization of $4.62 billion, a P/E ratio of 20.21 and a beta of 0.54. MSC Industrial Direct Company, Inc. has a 52 week low of $65.42 and a 52 week high of $105.70. The stock’s 50-day moving average price is $75.80 and its 200 day moving average price is $78.72.
MSC Industrial Direct (NYSE:MSM) last announced its earnings results on Tuesday, October 31st. The industrial products company reported $1.07 EPS for the quarter, topping the Zacks’ consensus estimate of $0.99 by $0.08. The firm had revenue of $753.80 million during the quarter, compared to analysts’ expectations of $745.80 million. MSC Industrial Direct had a return on equity of 20.05% and a net margin of 8.07%. The company’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.02 EPS. On average, equities research analysts forecast that MSC Industrial Direct Company, Inc. will post $3.97 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 28th. Stockholders of record on Tuesday, November 14th will be issued a $0.48 dividend. This is a boost from MSC Industrial Direct’s previous quarterly dividend of $0.45. The ex-dividend date is Monday, November 13th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.32%. MSC Industrial Direct’s payout ratio is 45.11%.
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About MSC Industrial Direct
MSC Industrial Direct Co, Inc is a North American distributor of metalworking and maintenance, repair and operations (MRO) products and services. The Company’s range of MRO products include cutting tools, measuring instruments, tooling components, metalworking products, fasteners, flat stock, raw materials, abrasives, machinery hand and power tools, safety and janitorial supplies, plumbing supplies, materials handling products, power transmission components and electrical supplies.
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