MSC Industrial Direct Company, Inc. (NYSE:MSM) – Equities research analysts at William Blair lifted their Q1 2018 EPS estimates for shares of MSC Industrial Direct in a research report issued to clients and investors on Wednesday. William Blair analyst R. Merkel now forecasts that the industrial products company will post earnings per share of $1.05 for the quarter, up from their prior estimate of $1.02. William Blair also issued estimates for MSC Industrial Direct’s Q2 2018 earnings at $0.99 EPS, Q3 2018 earnings at $1.22 EPS, Q4 2018 earnings at $1.24 EPS, FY2018 earnings at $4.50 EPS and FY2019 earnings at $5.00 EPS.

MSC Industrial Direct (NYSE:MSM) last posted its quarterly earnings data on Tuesday, October 31st. The industrial products company reported $1.07 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.99 by $0.08. The firm had revenue of $753.80 million for the quarter, compared to analysts’ expectations of $745.80 million. MSC Industrial Direct had a net margin of 8.01% and a return on equity of 19.42%. The business’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter last year, the company posted $1.02 EPS.

TRADEMARK VIOLATION WARNING: “Q1 2018 EPS Estimates for MSC Industrial Direct Company, Inc. Boosted by Analyst (MSM)” was originally posted by American Banking News and is owned by of American Banking News. If you are viewing this story on another publication, it was stolen and republished in violation of U.S. & international trademark and copyright law. The correct version of this story can be viewed at https://www.americanbankingnews.com/2017/11/02/q1-2018-eps-estimates-for-msc-industrial-direct-company-inc-boosted-by-analyst-msm.html.

A number of other brokerages 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 $99.00 target price for the company in a research report on Saturday, July 8th. BidaskClub upgraded shares of MSC Industrial Direct from a “strong sell” rating to a “sell” rating in a research report on Wednesday, July 5th. BMO Capital Markets upped their target price on shares of MSC Industrial Direct from $83.00 to $92.00 and gave the stock a “market perform” rating in a research report on Wednesday. Wells Fargo & Company set a $86.00 target price on shares of MSC Industrial Direct and gave the stock a “hold” rating in a research report on Wednesday. Finally, Credit Suisse Group set a $93.00 target price on shares of MSC Industrial Direct and gave the stock a “buy” rating in a research report on Friday, October 6th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $88.86.

Several institutional investors and hedge funds have recently made changes to their positions in MSM. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of MSC Industrial Direct by 8.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,539 shares of the industrial products company’s stock valued at $132,000 after acquiring an additional 123 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of MSC Industrial Direct by 0.5% in the second quarter. PNC Financial Services Group Inc. now owns 1,577 shares of the industrial products company’s stock valued at $136,000 after acquiring an additional 8 shares during the period. QS Investors LLC raised its stake in shares of MSC Industrial Direct by 0.5% in the second quarter. QS Investors LLC now owns 1,749 shares of the industrial products company’s stock valued at $150,000 after acquiring an additional 8 shares during the period. Benjamin F. Edwards & Company Inc. raised its stake in shares of MSC Industrial Direct by 1,373.3% in the third quarter. Benjamin F. Edwards & Company Inc. now owns 2,210 shares of the industrial products company’s stock valued at $167,000 after acquiring an additional 2,060 shares during the period. Finally, Numeric Investors LLC purchased a new stake in shares of MSC Industrial Direct in the second quarter valued at $206,000. 74.70% of the stock is currently owned by institutional investors and hedge funds.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 28th. Stockholders of record on Tuesday, November 14th will be paid a $0.48 dividend. The ex-dividend date of this dividend is Monday, November 13th. This represents a $1.92 annualized dividend and a dividend yield of 2.32%. This is an increase from MSC Industrial Direct’s previous quarterly dividend of $0.45. MSC Industrial Direct’s dividend payout ratio is currently 44.55%.

MSC Industrial Direct Company Profile

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)

Receive News & Ratings for MSC Industrial Direct Company Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MSC Industrial Direct Company Inc. and related companies with MarketBeat.com's FREE daily email newsletter.