MSC Industrial Direct Company, Inc. (NYSE:MSM) – Equities researchers at Gabelli increased their FY2018 earnings per share estimates for shares of MSC Industrial Direct in a research report issued on Wednesday. Gabelli analyst J. Bergner now anticipates that the industrial products company will post earnings per share of $4.55 for the year, up from their prior estimate of $4.45. Gabelli currently has a “Buy” rating and a $94.00 price objective on the stock. Gabelli also issued estimates for MSC Industrial Direct’s FY2019 earnings at $4.95 EPS, FY2020 earnings at $5.30 EPS and FY2021 earnings at $5.55 EPS.

A number of other research firms have also weighed in on MSM. Zacks Investment Research upgraded shares of MSC Industrial Direct from a “hold” rating to a “buy” rating and set a $83.00 price objective for the company in a research note on Wednesday, September 27th. BidaskClub raised shares of MSC Industrial Direct from a “strong sell” rating to a “sell” rating in a report on Wednesday, July 5th. BMO Capital Markets reissued a “market perform” rating on shares of MSC Industrial Direct in a report on Tuesday, September 12th. Credit Suisse Group cut their price target on shares of MSC Industrial Direct from $100.00 to $93.00 and set an “outperform” rating for the company 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 given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price 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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.08. MSC Industrial Direct had a return on equity of 19.42% and a net margin of 8.01%. The company had revenue of $753.80 million during the quarter, compared to analysts’ expectations of $745.80 million. During the same quarter in the previous year, the company posted $1.02 earnings per share. The business’s revenue was up 1.2% on a year-over-year basis.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 28th. Investors of record on Tuesday, November 14th will be given a dividend of $0.48 per share. This is an increase 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 yield of 2.32%. MSC Industrial Direct’s dividend payout ratio is 44.55%.

A number of institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. lifted its position in MSC Industrial Direct by 26.2% during the second 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 position in MSC Industrial Direct by 1,889.6% during the third 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 position in MSC Industrial Direct by 267.2% during the second 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 position in MSC Industrial Direct by 1.6% during the second 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 position in MSC Industrial Direct by 52.8% during the second 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. Institutional investors own 74.70% of the company’s stock.

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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