Brokerages predict that MSC Industrial Direct Co Inc (NYSE:MSM) will announce earnings of $1.31 per share for the current quarter, Zacks reports. Five analysts have issued estimates for MSC Industrial Direct’s earnings. The lowest EPS estimate is $1.31 and the highest is $1.32. MSC Industrial Direct posted earnings per share of $1.05 in the same quarter last year, which would indicate a positive year-over-year growth rate of 24.8%. The company is scheduled to report its next quarterly earnings results on Wednesday, January 9th.
On average, analysts expect that MSC Industrial Direct will report full-year earnings of $5.90 per share for the current year, with EPS estimates ranging from $5.75 to $6.06. For the next fiscal year, analysts forecast that the business will report earnings of $6.39 per share, with EPS estimates ranging from $6.20 to $6.65. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that follow MSC Industrial Direct.
MSC Industrial Direct (NYSE:MSM) last posted its quarterly earnings data on Tuesday, October 30th. The industrial products company reported $1.32 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.03. MSC Industrial Direct had a net margin of 10.28% and a return on equity of 21.36%. The firm had revenue of $838.00 million for the quarter, compared to analysts’ expectations of $838.88 million. During the same period in the previous year, the company posted $1.07 EPS. The company’s quarterly revenue was up 11.2% compared to the same quarter last year.
Several research firms have weighed in on MSM. Zacks Investment Research cut shares of MSC Industrial Direct from a “buy” rating to a “hold” rating in a research report on Tuesday, October 30th. Gordon Haskett began coverage on shares of MSC Industrial Direct in a research report on Friday, October 12th. They set a “buy” rating on the stock. Finally, Buckingham Research began coverage on shares of MSC Industrial Direct in a research report on Friday, October 12th. They set a “neutral” rating and a $89.00 price objective on the stock. Ten research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $100.00.
In other news, CFO Rustom Jilla sold 2,500 shares of the business’s stock in a transaction on Wednesday, November 7th. The shares were sold at an average price of $87.50, for a total transaction of $218,750.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP David Wright sold 5,404 shares of the business’s stock in a transaction on Thursday, November 15th. The shares were sold at an average price of $89.00, for a total transaction of $480,956.00. The disclosure for this sale can be found here. Insiders own 31.28% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. Macquarie Group Ltd. acquired a new stake in shares of MSC Industrial Direct in the 2nd quarter valued at $110,000. Twin Tree Management LP acquired a new stake in shares of MSC Industrial Direct in the 3rd quarter valued at $126,000. Nomura Holdings Inc. acquired a new stake in shares of MSC Industrial Direct in the 2nd quarter valued at $219,000. Itau Unibanco Holding S.A. lifted its stake in shares of MSC Industrial Direct by 703.7% in the 2nd quarter. Itau Unibanco Holding S.A. now owns 3,271 shares of the industrial products company’s stock valued at $278,000 after purchasing an additional 2,864 shares during the last quarter. Finally, AMP Capital Investors Ltd acquired a new stake in shares of MSC Industrial Direct in the 2nd quarter valued at $331,000. Institutional investors and hedge funds own 75.94% of the company’s stock.
NYSE MSM opened at $82.32 on Friday. MSC Industrial Direct has a twelve month low of $75.34 and a twelve month high of $99.94. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.28 and a current ratio of 2.34. The company has a market cap of $4.70 billion, a price-to-earnings ratio of 16.20, a PEG ratio of 0.95 and a beta of 0.66.
The business also recently declared a quarterly dividend, which was paid on Tuesday, November 27th. Stockholders of record on Tuesday, November 13th were issued a dividend of $0.63 per share. This is a boost from MSC Industrial Direct’s previous quarterly dividend of $0.58. This represents a $2.52 annualized dividend and a dividend yield of 3.06%. The ex-dividend date of this dividend was Friday, November 9th. MSC Industrial Direct’s payout ratio is currently 49.61%.
About MSC Industrial Direct
MSC Industrial Direct Co, Inc, together with its subsidiaries, distributes metalworking and maintenance, repair, and operations (MRO) products in the United States, Canada, and the United Kingdom. The company's MRO products comprise cutting tools, measuring instruments, tooling components, metalworking products, fasteners, flat stock products, 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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