MSC Industrial Direct (NYSE:MSM) updated its fourth quarter 2019 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $1.21-1.27 for the period, compared to the Thomson Reuters consensus estimate of $1.48. The company issued revenue guidance of $835-851 million, compared to the consensus revenue estimate of $883.56 million.
Shares of MSM opened at $72.27 on Wednesday. The company has a quick ratio of 1.18, a current ratio of 2.19 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $4.02 billion, a PE ratio of 14.23, a P/E/G ratio of 1.33 and a beta of 0.95. The firm’s fifty day moving average price is $72.61. MSC Industrial Direct has a 12 month low of $69.81 and a 12 month high of $90.25.
MSC Industrial Direct (NYSE:MSM) last issued its quarterly earnings results on Wednesday, April 10th. The industrial products company reported $1.24 EPS for the quarter, missing the Zacks’ consensus estimate of $1.26 by ($0.02). The firm had revenue of $823.00 million for the quarter, compared to the consensus estimate of $826.98 million. MSC Industrial Direct had a net margin of 8.88% and a return on equity of 21.20%. During the same period last year, the company posted $1.34 EPS. As a group, research analysts forecast that MSC Industrial Direct will post 5.54 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 6th. Shareholders of record on Tuesday, July 23rd will be given a dividend of $0.75 per share. The ex-dividend date is Monday, July 22nd. This represents a $3.00 dividend on an annualized basis and a yield of 4.15%. This is a boost from MSC Industrial Direct’s previous quarterly dividend of $0.63. MSC Industrial Direct’s dividend payout ratio is 49.61%.
MSM has been the topic of a number of research analyst reports. BMO Capital Markets cut their price target on shares of MSC Industrial Direct from $90.00 to $86.00 and set a market perform rating on the stock in a research report on Thursday, April 11th. Northcoast Research reiterated a buy rating on shares of MSC Industrial Direct in a report on Thursday, April 11th. Buckingham Research upped their price objective on shares of MSC Industrial Direct from $83.00 to $84.00 and gave the company a neutral rating in a report on Monday, April 8th. Zacks Investment Research reiterated a sell rating on shares of MSC Industrial Direct in a report on Saturday, June 29th. Finally, William Blair lowered shares of MSC Industrial Direct from an outperform rating to a market perform rating in a report on Tuesday, May 7th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company’s stock. MSC Industrial Direct has an average rating of Hold and a consensus target price of $85.00.
In related news, EVP Douglas E. Jones sold 2,126 shares of the company’s stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of $83.50, for a total value of $177,521.00. Following the sale, the executive vice president now owns 7,496 shares in the company, valued at approximately $625,916. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Steven N. Baruch sold 5,404 shares of the company’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $82.00, for a total transaction of $443,128.00. The disclosure for this sale can be found here. 27.96% of the stock is currently owned by corporate insiders.
MSC Industrial Direct Company Profile
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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