Equities research analysts expect MSC Industrial Direct (NYSE:MSM) to report earnings of $1.40 per share for the current quarter, according to Zacks. Six analysts have made estimates for MSC Industrial Direct’s earnings. The lowest EPS estimate is $1.37 and the highest is $1.44. MSC Industrial Direct reported earnings per share of $1.09 in the same quarter last year, which would indicate a positive year over year growth rate of 28.4%. The company is scheduled to report its next quarterly earnings results on Wednesday, July 11th.
On average, analysts expect that MSC Industrial Direct will report full-year earnings of $5.17 per share for the current fiscal year, with EPS estimates ranging from $5.14 to $5.22. For the next financial year, analysts expect that the firm will post earnings of $6.08 per share, with EPS estimates ranging from $5.87 to $6.45. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that cover MSC Industrial Direct.
MSC Industrial Direct (NYSE:MSM) last posted its quarterly earnings data on Tuesday, April 10th. The industrial products company reported $1.34 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.32 by $0.02. The firm had revenue of $769.00 million for the quarter, compared to the consensus estimate of $773.42 million. MSC Industrial Direct had a return on equity of 20.53% and a net margin of 9.91%. The company’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.33 EPS.
MSM has been the topic of several research analyst reports. Zacks Investment Research downgraded MSC Industrial Direct from a “buy” rating to a “hold” rating in a report on Wednesday, March 7th. Gabelli downgraded MSC Industrial Direct from a “buy” rating to a “hold” rating and set a $99.00 price objective on the stock. in a report on Friday, March 16th. Goldman Sachs initiated coverage on MSC Industrial Direct in a report on Sunday, March 18th. They issued a “buy” rating and a $107.00 price objective on the stock. Deutsche Bank set a $102.00 price objective on MSC Industrial Direct and gave the company a “hold” rating in a report on Friday, April 6th. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $103.00 price objective on shares of MSC Industrial Direct in a report on Monday, April 9th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $100.62.
MSM stock opened at $94.30 on Friday. The company has a current ratio of 2.20, a quick ratio of 1.19 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $5.35 billion, a P/E ratio of 23.28, a PEG ratio of 1.35 and a beta of 0.62. MSC Industrial Direct has a 12-month low of $65.42 and a 12-month high of $99.94.
The business also recently declared a quarterly dividend, which was paid on Tuesday, May 1st. Shareholders of record on Tuesday, April 17th were issued a dividend of $0.58 per share. The ex-dividend date was Monday, April 16th. This represents a $2.32 annualized dividend and a yield of 2.46%. MSC Industrial Direct’s dividend payout ratio (DPR) is 57.28%.
In other MSC Industrial Direct news, Director Denis F. Kelly sold 564 shares of the company’s stock in a transaction dated Monday, May 7th. The stock was sold at an average price of $90.54, for a total transaction of $51,064.56. Following the sale, the director now owns 10,400 shares in the company, valued at approximately $941,616. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Erik Gershwind sold 30,000 shares of the company’s stock in a transaction dated Thursday, May 17th. The stock was sold at an average price of $94.56, for a total value of $2,836,800.00. Following the sale, the insider now owns 117,885 shares in the company, valued at approximately $11,147,205.60. The disclosure for this sale can be found here. 31.28% of the stock is owned by corporate insiders.
Several large investors have recently added to or reduced their stakes in MSM. Wasatch Advisors Inc. boosted its position in shares of MSC Industrial Direct by 13.2% during the 4th quarter. Wasatch Advisors Inc. now owns 5,130 shares of the industrial products company’s stock worth $496,000 after acquiring an additional 600 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its position in shares of MSC Industrial Direct by 4.8% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 233,134 shares of the industrial products company’s stock worth $22,535,000 after acquiring an additional 10,585 shares in the last quarter. State of Alaska Department of Revenue acquired a new position in shares of MSC Industrial Direct during the 4th quarter worth about $298,000. Rice Hall James & Associates LLC boosted its position in shares of MSC Industrial Direct by 20.4% during the 4th quarter. Rice Hall James & Associates LLC now owns 156,294 shares of the industrial products company’s stock worth $15,107,000 after acquiring an additional 26,487 shares in the last quarter. Finally, Cerebellum GP LLC acquired a new position in shares of MSC Industrial Direct during the 4th quarter worth about $127,000. 76.75% of the stock is owned by institutional investors and hedge funds.
MSC Industrial Direct Company Profile
MSC Industrial Direct Co, Inc, together with its subsidiaries, distributes various ranges of metalworking and maintenance, repair, and operations (MRO) products primarily 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, 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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