MSC Industrial Direct Company, Inc. (NYSE:MSM) – Northcoast Research boosted their Q1 2018 EPS estimates for shares of MSC Industrial Direct in a research report issued on Wednesday. Northcoast Research analyst R. Cieslak now forecasts that the industrial products company will post earnings per share of $1.06 for the quarter, up from their previous estimate of $1.03. Northcoast Research currently has a “Neutral” rating on the stock.

Several other research firms also recently weighed in on MSM. Zacks Investment Research raised shares of MSC Industrial Direct from a “hold” rating to a “buy” rating and set a $83.00 target price on the stock in a research report on Wednesday, September 27th. BidaskClub raised shares of MSC Industrial Direct from a “strong sell” rating to a “sell” rating in a research report on Wednesday, July 5th. BMO Capital Markets reissued a “market perform” rating on shares of MSC Industrial Direct in a research report on Tuesday, September 12th. Credit Suisse Group dropped their price objective on shares of MSC Industrial Direct from $100.00 to $93.00 and set an “outperform” rating on the stock in a report on Thursday, July 13th. Finally, TheStreet downgraded shares of MSC Industrial Direct from a “b” rating to a “c+” rating in a report on Wednesday, August 16th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have assigned a buy rating to the company. MSC Industrial Direct has a consensus rating of “Hold” and an average price target of $88.86.

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MSC Industrial Direct (NYSE:MSM) last issued its quarterly earnings data on Tuesday, October 31st. The industrial products company reported $1.07 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.99 by $0.08. The company had revenue of $753.80 million for the quarter, compared to the consensus estimate of $745.80 million. MSC Industrial Direct had a net margin of 8.01% and a return on equity of 19.42%. The firm’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.02 earnings per share.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. lifted its stake in shares of MSC Industrial Direct by 26.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,124,573 shares of the industrial products company’s stock valued at $268,588,000 after purchasing an additional 649,201 shares during the period. American Century Companies Inc. lifted its stake in shares of MSC Industrial Direct by 1,889.6% in the 3rd quarter. American Century Companies Inc. now owns 2,099,225 shares of the industrial products company’s stock valued at $158,638,000 after purchasing an additional 1,993,717 shares during the period. Alliancebernstein L.P. lifted its stake in shares of MSC Industrial Direct by 267.2% in the 2nd quarter. Alliancebernstein L.P. now owns 1,441,259 shares of the industrial products company’s stock valued at $123,891,000 after purchasing an additional 1,048,714 shares during the period. State Street Corp lifted its stake in shares of MSC Industrial Direct by 1.6% in the 2nd quarter. State Street Corp now owns 1,222,773 shares of the industrial products company’s stock valued at $105,113,000 after purchasing an additional 19,302 shares during the period. Finally, Jennison Associates LLC lifted its stake in shares of MSC Industrial Direct by 52.8% in the 2nd quarter. Jennison Associates LLC now owns 912,001 shares of the industrial products company’s stock valued at $78,396,000 after purchasing an additional 315,012 shares during the period. Hedge funds and other institutional investors own 74.70% of the company’s stock.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 28th. Investors of record on Tuesday, November 14th will be paid a $0.48 dividend. This is a boost from MSC Industrial Direct’s previous quarterly dividend of $0.45. This represents a $1.92 annualized dividend and a dividend yield of 2.32%. The ex-dividend date is Monday, November 13th. MSC Industrial Direct’s payout ratio is currently 44.55%.

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.

Earnings History and Estimates for MSC Industrial Direct (NYSE:MSM)

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