Equities research analysts expect MSC Industrial Direct Co Inc (NYSE:MSM) to report $771.43 million in sales for the current quarter, Zacks reports. Six analysts have provided estimates for MSC Industrial Direct’s earnings. The lowest sales estimate is $769.00 million and the highest is $774.80 million. MSC Industrial Direct posted sales of $686.27 million during the same quarter last year, which suggests a positive year over year growth rate of 12.4%. The firm is expected to report its next earnings results before the market opens on Wednesday, January 10th.

On average, analysts expect that MSC Industrial Direct will report full-year sales of $771.43 million for the current fiscal year, with estimates ranging from $3.13 billion to $3.26 billion. For the next fiscal year, analysts forecast that the company will report 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 firms that that provide coverage for MSC Industrial Direct.

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

Several equities analysts recently weighed in on MSM shares. TheStreet raised shares of MSC Industrial Direct from a “c+” rating to a “b-” rating in a research note on Tuesday, November 28th. Gabelli raised shares of 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. Zacks Investment Research raised shares of MSC Industrial Direct from a “hold” rating to a “buy” rating and set a $85.00 target price for the company in a research note on Wednesday, October 11th. Credit Suisse Group set a $93.00 target price on shares of MSC Industrial Direct and gave the company a “buy” rating in a research note on Friday, October 6th. Finally, Northcoast Research raised shares of MSC Industrial Direct from a “neutral” rating to a “buy” rating in a research note on Friday, December 15th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the stock. MSC Industrial Direct has a consensus rating of “Hold” and an average target price of $92.25.

In other MSC Industrial Direct news, Director Mitchell Jacobson sold 13,582 shares of the firm’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $81.91, for a total transaction of $1,112,501.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Steven N. Baruch sold 5,762 shares of the firm’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $81.25, for a total value of $468,162.50. The disclosure for this sale can be found here. Insiders have sold a total of 225,541 shares of company stock valued at $18,264,812 in the last ninety days. Insiders own 31.28% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of MSC Industrial Direct by 8.7% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,539 shares of the industrial products company’s stock worth $132,000 after buying an additional 123 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of MSC Industrial Direct by 0.5% during the second quarter. PNC Financial Services Group Inc. now owns 1,577 shares of the industrial products company’s stock worth $136,000 after buying an additional 8 shares in the last quarter. QS Investors LLC lifted its holdings in shares of MSC Industrial Direct by 0.5% during the second quarter. QS Investors LLC now owns 1,749 shares of the industrial products company’s stock worth $150,000 after buying an additional 8 shares in the last quarter. Zions Bancorporation acquired a new stake in shares of MSC Industrial Direct during the third quarter worth $150,000. Finally, Benjamin F. Edwards & Company Inc. lifted its holdings in shares of MSC Industrial Direct by 1,373.3% during the third quarter. Benjamin F. Edwards & Company Inc. now owns 2,210 shares of the industrial products company’s stock worth $167,000 after buying an additional 2,060 shares in the last quarter. 75.55% of the stock is owned by institutional investors.

MSC Industrial Direct (NYSE:MSM) traded down $0.76 during trading hours on Friday, hitting $98.50. 850,100 shares of the company traded hands, compared to its average volume of 618,333. MSC Industrial Direct has a twelve month low of $65.42 and a twelve month high of $105.70. The company has a quick ratio of 0.97, a current ratio of 1.80 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $5,597.37, a PE ratio of 24.38, a PEG ratio of 1.93 and a beta of 0.67.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 30th. Shareholders of record on Tuesday, January 16th will be issued a dividend of $0.58 per share. This is an increase from MSC Industrial Direct’s previous quarterly dividend of $0.48. The ex-dividend date is Friday, January 12th. This represents a $2.32 annualized dividend and a yield of 2.36%. MSC Industrial Direct’s dividend payout ratio (DPR) is currently 47.52%.

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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.

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

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