Equities research analysts expect MSC Industrial Direct Co Inc (NYSE:MSM) to post sales of $837.29 million for the current fiscal quarter, according to Zacks Investment Research. Five analysts have made estimates for MSC Industrial Direct’s earnings, with the highest sales estimate coming in at $838.37 million and the lowest estimate coming in at $836.00 million. MSC Industrial Direct posted sales of $753.77 million in the same quarter last year, which would indicate a positive year over year growth rate of 11.1%. The company is scheduled to announce its next earnings results before the market opens on Tuesday, October 30th.

On average, analysts expect that MSC Industrial Direct will report full-year sales of $3.20 billion for the current year, with estimates ranging from $3.20 billion to $3.21 billion. For the next financial year, analysts expect that the firm will report sales of $3.44 billion, with estimates ranging from $3.41 billion to $3.46 billion. Zacks’ sales averages are an average based on a survey of analysts that cover MSC Industrial Direct.

MSC Industrial Direct (NYSE:MSM) last announced its quarterly earnings results on Wednesday, July 11th. The industrial products company reported $1.39 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.39. The business had revenue of $828.30 million for the quarter, compared to analyst estimates of $834.43 million. MSC Industrial Direct had a return on equity of 21.08% and a net margin of 10.16%. The company’s quarterly revenue was up 11.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.09 EPS.

Several equities research analysts have recently commented on MSM shares. Zacks Investment Research raised MSC Industrial Direct from a “hold” rating to a “buy” rating and set a $97.00 price target on the stock in a research note on Wednesday, September 26th. Northcoast Research set a $95.00 price target on MSC Industrial Direct and gave the stock a “buy” rating in a research note on Friday, July 13th. ValuEngine lowered MSC Industrial Direct from a “hold” rating to a “sell” rating in a research note on Monday, July 2nd. Buckingham Research assumed coverage on MSC Industrial Direct in a research report on Friday. They set a “neutral” rating and a $89.00 price objective for the company. Finally, Gordon Haskett assumed coverage on MSC Industrial Direct in a research report on Friday. They set a “buy” rating for the company. Ten analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. MSC Industrial Direct currently has an average rating of “Hold” and an average price target of $100.00.

Shares of NYSE:MSM traded up $0.95 during trading on Friday, hitting $80.57. 576,377 shares of the stock were exchanged, compared to its average volume of 595,919. The firm has a market capitalization of $4.98 billion, a price-to-earnings ratio of 19.89, a price-to-earnings-growth ratio of 1.10 and a beta of 0.51. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.11 and a quick ratio of 1.14. MSC Industrial Direct has a 12-month low of $75.41 and a 12-month high of $99.94.

In related news, Director Denis F. Kelly sold 1,500 shares of MSC Industrial Direct stock in a transaction that occurred on Tuesday, August 21st. The stock was sold at an average price of $88.43, for a total transaction of $132,645.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Gregory Polli sold 8,696 shares of MSC Industrial Direct stock in a transaction that occurred on Thursday, July 26th. The stock was sold at an average price of $82.38, for a total value of $716,376.48. The disclosure for this sale can be found here. Insiders own 31.38% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of MSM. Wells Fargo & Company MN raised its holdings in MSC Industrial Direct by 33.8% in the 1st quarter. Wells Fargo & Company MN now owns 90,230 shares of the industrial products company’s stock valued at $8,275,000 after acquiring an additional 22,794 shares during the last quarter. Neuberger Berman Group LLC acquired a new position in MSC Industrial Direct in the 1st quarter valued at $271,000. Northern Trust Corp raised its holdings in MSC Industrial Direct by 12.5% in the 1st quarter. Northern Trust Corp now owns 393,643 shares of the industrial products company’s stock valued at $36,101,000 after acquiring an additional 43,643 shares during the last quarter. BlackRock Inc. raised its holdings in MSC Industrial Direct by 4.8% in the 1st quarter. BlackRock Inc. now owns 3,867,996 shares of the industrial products company’s stock valued at $354,734,000 after acquiring an additional 178,523 shares during the last quarter. Finally, California Public Employees Retirement System raised its holdings in MSC Industrial Direct by 2.7% in the 1st quarter. California Public Employees Retirement System now owns 149,891 shares of the industrial products company’s stock valued at $13,747,000 after acquiring an additional 3,943 shares during the last quarter. Institutional investors own 75.19% of the company’s stock.

About MSC Industrial Direct

MSC Industrial Direct Co, Inc, together with its subsidiaries, distributes various ranges of metalworking and maintenance, repair, and operations (MRO) products primarily in the United States, Canada, and the United Kingdom. The company's MRO products comprise 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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Earnings History and Estimates for MSC Industrial Direct (NYSE:MSM)

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