MSC Industrial Direct (MSM) to Release Quarterly Earnings on Wednesday
MSC Industrial Direct (NYSE:MSM) is scheduled to issue its Q1 quarterly earnings data before the market opens on Wednesday, January 8th. MSC Industrial Direct has set its Q1 guidance at $0.92-0.96 EPS.Persons that are interested in registering for the company’s earnings conference call can do so using this link.
MSC Industrial Direct (NYSE:MSM) last released its earnings data on Wednesday, October 30th. The company reported $0.95 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.90 by $0.05. The company had revenue of $673.80 million for the quarter, compared to the consensus estimate of $668.50 million. During the same quarter last year, the company posted $1.11 earnings per share. MSC Industrial Direct’s revenue was up 6.1% compared to the same quarter last year. On average, analysts expect MSC Industrial Direct to post $4.01 EPS for the current fiscal year and $4.62 EPS for the next fiscal year.
MSC Industrial Direct (NYSE:MSM) opened at 80.84 on Tuesday. MSC Industrial Direct has a 52 week low of $71.44 and a 52 week high of $87.92. The stock has a 50-day moving average of $79.03 and a 200-day moving average of $79.39. The company has a market cap of $5.126 billion and a P/E ratio of 21.70.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, January 28th. Investors of record on Tuesday, January 14th will be paid a dividend of 0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 1.63%. The ex-dividend date is Friday, January 10th.
MSM has been the subject of a number of recent research reports. Analysts at BB&T Corp. raised their price target on shares of MSC Industrial Direct from $94.00 to $98.00 in a research note to investors on Thursday, January 2nd. On a related note, analysts at Zacks upgraded shares of MSC Industrial Direct from an “underperform” rating to a “neutral” rating in a research note to investors on Wednesday, January 1st. They now have a $81.90 price target on the stock. Finally, analysts at Buckingham Research initiated coverage on shares of MSC Industrial Direct in a research note to investors on Wednesday, December 4th. They set a “buy” rating and a $92.00 price target on the stock. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $88.76.
MSC Industrial Direct Co, Inc (NYSE:MSM) is direct marketers and distributors of a range of metalworking and maintenance, repair and operations (MRO) products to customers throughout the United States.
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