MSC Industrial Direct Company, Inc. (NYSE:MSM) – Research analysts at KeyCorp boosted their Q1 2018 earnings per share estimates for shares of MSC Industrial Direct in a research note issued to investors on Tuesday. KeyCorp analyst S. Barger now anticipates that the industrial products company will earn $1.05 per share for the quarter, up from their previous estimate of $1.04. KeyCorp has a “Hold” rating on the stock. KeyCorp also issued estimates for MSC Industrial Direct’s Q2 2018 earnings at $1.03 EPS, Q3 2018 earnings at $1.15 EPS, Q4 2018 earnings at $1.12 EPS, FY2018 earnings at $4.35 EPS and FY2019 earnings at $4.70 EPS.

MSM has been the subject of a number of other reports. J P Morgan Chase & Co cut MSC Industrial Direct from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $80.00 to $76.00 in a research note on Friday, August 4th. BMO Capital Markets decreased their target price on MSC Industrial Direct from $98.00 to $87.00 and set a “market perform” rating for the company in a research note on Friday, July 14th. Susquehanna Bancshares Inc began coverage on MSC Industrial Direct in a research note on Monday, September 25th. They issued a “neutral” rating and a $77.00 target price for the company. Zacks Investment Research cut MSC Industrial Direct from a “buy” rating to a “hold” rating in a research note on Friday, July 14th. Finally, Gabelli raised MSC Industrial Direct from a “hold” rating to a “buy” rating and set a $94.00 target price for the company in a research note on Friday, October 13th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have given a buy rating to the stock. 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 announced its quarterly earnings data on Tuesday, October 31st. The industrial products company reported $1.07 EPS for the quarter, topping the Zacks’ consensus estimate 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 firm had revenue of $753.80 million during the quarter, compared to analyst estimates of $745.80 million. During the same period last year, the company posted $1.02 EPS. The business’s quarterly revenue was up 1.2% compared to the same quarter last year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 28th. Stockholders of record on Tuesday, November 14th will be given a dividend of $0.48 per share. 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 of this dividend is Monday, November 13th. MSC Industrial Direct’s dividend payout ratio is currently 44.55%.

Several hedge funds have recently bought and sold shares of MSM. Teachers Advisors LLC boosted its position in shares of MSC Industrial Direct by 43.5% during the first quarter. Teachers Advisors LLC now owns 99,831 shares of the industrial products company’s stock worth $10,259,000 after buying an additional 30,242 shares during the period. PNC Financial Services Group Inc. boosted its position in MSC Industrial Direct by 5.9% during the first quarter. PNC Financial Services Group Inc. now owns 1,569 shares of the industrial products company’s stock valued at $161,000 after purchasing an additional 88 shares during the last quarter. Thrivent Financial For Lutherans boosted its position in MSC Industrial Direct by 10.6% during the first quarter. Thrivent Financial For Lutherans now owns 8,440 shares of the industrial products company’s stock valued at $867,000 after purchasing an additional 810 shares during the last quarter. MARSHALL WACE ASIA Ltd acquired a new position in MSC Industrial Direct during the first quarter valued at approximately $487,000. Finally, Dimensional Fund Advisors LP boosted its position in MSC Industrial Direct by 2.3% during the first quarter. Dimensional Fund Advisors LP now owns 421,929 shares of the industrial products company’s stock valued at $43,356,000 after purchasing an additional 9,409 shares during the last quarter. 74.70% of the stock is owned by institutional investors.

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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