MSC Industrial Direct Company, Inc. (NYSE:MSM) is scheduled to announce its earnings results before the market opens on Tuesday, October 31st. Analysts expect the company to announce earnings of $1.00 per share for the quarter.
MSC Industrial Direct Company, Inc. (NYSE:MSM) opened at 78.53 on Friday. The firm has a 50 day moving average of $75.18 and a 200-day moving average of $78.96. MSC Industrial Direct Company, Inc. has a 52 week low of $65.42 and a 52 week high of $105.70. The company has a market capitalization of $4.47 billion, a P/E ratio of 19.58 and a beta of 0.54.
The business also recently declared 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. This is an increase from MSC Industrial Direct’s previous quarterly dividend of $0.45. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.44%. The ex-dividend date is Monday, November 13th. MSC Industrial Direct’s dividend payout ratio (DPR) is presently 45.11%.
MSM has been the topic of a number of research analyst reports. BidaskClub downgraded shares of MSC Industrial Direct from a “sell” rating to a “strong sell” rating in a research note on Friday, July 28th. Credit Suisse Group set a $93.00 price target on shares of MSC Industrial Direct and gave the company a “buy” rating in a research note on Friday, October 6th. Robert W. Baird restated a “neutral” rating and issued a $85.00 price target (down from $92.00) on shares of MSC Industrial Direct in a research note on Thursday, July 13th. Zacks Investment Research downgraded shares of MSC Industrial Direct from a “buy” rating to a “hold” rating in a research note on Friday, July 14th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $78.00 price target (down from $88.00) on shares of MSC Industrial Direct in a research note on Friday, July 14th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the company. MSC Industrial Direct has an average rating of “Hold” and a consensus target price of $88.38.
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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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