Analysts expect that MSC Industrial Direct Co Inc (NYSE:MSM) will post sales of $771.43 million for the current quarter, Zacks Investment Research reports. Six analysts have made estimates for MSC Industrial Direct’s earnings, with estimates ranging from $769.00 million to $774.80 million. MSC Industrial Direct reported sales of $686.27 million during the same quarter last year, which would indicate a positive year over year growth rate of 12.4%. The firm is scheduled to announce its next quarterly earnings report on Wednesday, January 10th.

On average, analysts expect that MSC Industrial Direct will report full-year sales of $771.43 million for the current year, with estimates ranging from $3.13 billion to $3.26 billion. For the next fiscal year, analysts forecast that the company will post sales of $3.40 billion per share, with estimates ranging from $3.29 billion to $3.46 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that follow MSC Industrial Direct.

MSC Industrial Direct (NYSE:MSM) last released its quarterly earnings data on Tuesday, October 31st. The industrial products company reported $1.07 EPS for the quarter, beating the 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 company had revenue of $753.80 million during the quarter, compared to the consensus estimate of $745.80 million. During the same quarter in the prior year, the firm posted $1.02 EPS. The firm’s revenue for the quarter was up 1.2% compared to the same quarter last year.

MSM has been the topic of several recent research reports. TheStreet upgraded MSC Industrial Direct from a “c+” rating to a “b-” rating in a research report on Tuesday. Zacks Investment Research upgraded MSC Industrial Direct from a “hold” rating to a “buy” rating and set a $85.00 price objective on the stock in a research report on Wednesday, October 11th. Credit Suisse Group set a $93.00 target price on MSC Industrial Direct and gave the stock a “buy” rating in a report on Friday, October 6th. Gabelli upgraded MSC Industrial Direct from a “hold” rating to a “buy” rating and set a $94.00 target price for the company in a report on Friday, October 13th. Finally, KeyCorp restated a “hold” rating on shares of MSC Industrial Direct in a report on Sunday, September 17th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $87.58.

In other news, Director Mitchell Jacobson sold 13,582 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $81.91, for a total value of $1,112,501.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Steven N. Baruch sold 5,762 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $81.25, for a total transaction of $468,162.50. The disclosure for this sale can be found here. Insiders sold 225,541 shares of company stock valued at $18,264,812 in the last three months. 31.28% of the stock is currently owned by insiders.

Hedge funds have recently modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank increased its position 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 worth $132,000 after acquiring an additional 123 shares in the last quarter. PNC Financial Services Group Inc. increased its position 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 worth $136,000 after acquiring an additional 8 shares in the last quarter. QS Investors LLC increased its position 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 worth $150,000 after acquiring an additional 8 shares in the last quarter. Zions Bancorporation acquired a new stake in shares of MSC Industrial Direct in the third quarter worth $150,000. Finally, Benjamin F. Edwards & Company Inc. increased its position 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 worth $167,000 after acquiring an additional 2,060 shares in the last quarter. 75.40% of the stock is owned by hedge funds and other institutional investors.

MSC Industrial Direct (MSM) opened at $90.07 on Friday. The company has a current ratio of 1.80, a quick ratio of 0.97 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $5,080.00, a price-to-earnings ratio of 20.77, a price-to-earnings-growth ratio of 1.64 and a beta of 0.64. MSC Industrial Direct has a 12-month low of $65.42 and a 12-month high of $105.70.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 28th. Investors of record on Tuesday, November 14th were paid a $0.48 dividend. This is an increase from MSC Industrial Direct’s previous quarterly dividend of $0.45. The ex-dividend date was Monday, November 13th. This represents a $1.92 dividend on an annualized basis and a yield of 2.13%. MSC Industrial Direct’s payout ratio is 47.52%.

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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.

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Earnings History and Estimates for MSC Industrial Direct (NYSE:MSM)

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