MSC Industrial Direct (NYSE:MSM) posted its quarterly earnings data on Tuesday. The industrial products company reported $1.32 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.29 by $0.03, MarketWatch Earnings reports. The business had revenue of $838.00 million during the quarter, compared to the consensus estimate of $838.88 million. MSC Industrial Direct had a net margin of 10.28% and a return on equity of 21.36%. MSC Industrial Direct’s quarterly revenue was up 11.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.07 EPS. MSC Industrial Direct updated its Q1 2019 guidance to $1.28-1.34 EPS and its Q1 guidance to $1.28-1.34 EPS.
MSC Industrial Direct stock traded down $0.48 during mid-day trading on Thursday, reaching $80.58. The company had a trading volume of 1,544 shares, compared to its average volume of 597,694. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.34 and a quick ratio of 1.14. MSC Industrial Direct has a 52 week low of $75.34 and a 52 week high of $99.94. The company has a market cap of $4.61 billion, a PE ratio of 15.80, a price-to-earnings-growth ratio of 1.02 and a beta of 0.51.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 27th. Shareholders of record on Tuesday, November 13th will be issued a $0.63 dividend. The ex-dividend date of this dividend is Friday, November 9th. This is an increase from MSC Industrial Direct’s previous quarterly dividend of $0.58. This represents a $2.52 dividend on an annualized basis and a yield of 3.13%. MSC Industrial Direct’s dividend payout ratio is 45.67%.
A number of brokerages have weighed in on MSM. Zacks Investment Research raised shares of MSC Industrial Direct from a “hold” rating to a “buy” rating and set a $97.00 price target for the company in a report on Wednesday, September 26th. Buckingham Research began coverage on shares of MSC Industrial Direct in a report on Friday, October 12th. They issued a “neutral” rating and a $89.00 price target for the company. Gordon Haskett began coverage on shares of MSC Industrial Direct in a report on Friday, October 12th. They issued a “buy” rating for the company. Northcoast Research set a $95.00 price target on shares of MSC Industrial Direct and gave the company a “buy” rating in a report on Friday, July 13th. Finally, ValuEngine raised shares of MSC Industrial Direct from a “sell” rating to a “hold” rating in a report on Saturday, July 14th. Ten investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $100.00.
In other news, Director Denis F. Kelly sold 1,500 shares of the stock in a transaction on Tuesday, August 21st. The shares were sold at an average price of $88.43, for a total value of $132,645.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 31.28% of the stock is owned by corporate insiders.
About MSC Industrial Direct
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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