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MSC Industrial Direct Co Inc (NYSE:MSM) issued an update on its fourth quarter earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $0.98-1.02 for the period, compared to the Thomson Reuters consensus estimate of $1.06, AmericanBankingNews.com reports. The company issued revenue guidance of $718-730 million, compared to the consensus revenue estimate of $729.16 million.

A number of research firms have recently commented on MSM. Analysts at Credit Suisse reiterated a neutral rating on shares of MSC Industrial Direct Co in a research note on Friday, April 11th. They now have a $97.00 price target on the stock, up previously from $90.00. On a related note, analysts at Deutsche Bank reiterated a hold rating on shares of MSC Industrial Direct Co in a research note on Friday, April 11th. They now have a $90.00 price target on the stock, up previously from $85.00. Finally, analysts at Wunderlich raised their price target on shares of MSC Industrial Direct Co from $95.00 to $106.00 in a research note on Thursday, April 10th. They now have a buy rating on the stock. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. MSC Industrial Direct Co presently has a consensus rating of Hold and an average price target of $92.43.

Shares of MSC Industrial Direct Co Inc (NYSE:MSM) traded down 4.44% during mid-day trading on Wednesday, hitting $89.23. 867,312 shares of the company’s stock traded hands. MSC Industrial Direct Co Inc has a one year low of $74.87 and a one year high of $96.62. The stock’s 50-day moving average is $93.30 and its 200-day moving average is $88.01. The company has a market cap of $5.561 billion and a P/E ratio of 26.02.

MSC Industrial Direct Co (NYSE:MSM) last announced its earnings results on Wednesday, July 9th. The company reported $1.06 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.06. The company had revenue of $720.50 million for the quarter, compared to the consensus estimate of $727.35 million. During the same quarter in the previous year, the company posted $1.05 earnings per share. The company’s revenue for the quarter was up 13.1% on a year-over-year basis. Analysts expect that MSC Industrial Direct Co Inc will post $3.99 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Tuesday, July 22nd. Investors of record on Tuesday, July 8th will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date of this dividend is Thursday, July 3rd.

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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