MSC Industrial Direct Co Inc (NYSE:MSM) – Northcoast Research cut their FY2020 earnings per share estimates for shares of MSC Industrial Direct in a research note issued to investors on Wednesday, November 27th. Northcoast Research analyst T. Hayes now expects that the industrial products company will post earnings of $5.00 per share for the year, down from their previous forecast of $5.06.
MSC Industrial Direct (NYSE:MSM) last released its earnings results on Thursday, October 24th. The industrial products company reported $1.30 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.23 by $0.07. MSC Industrial Direct had a net margin of 8.59% and a return on equity of 20.63%. The company had revenue of $842.70 million during the quarter, compared to analysts’ expectations of $837.97 million. During the same quarter last year, the business earned $1.29 EPS. The business’s revenue was up .6% on a year-over-year basis.
Several other analysts have also recently commented on MSM. Zacks Investment Research upgraded shares of MSC Industrial Direct from a “sell” rating to a “hold” rating in a research note on Tuesday, October 22nd. Buckingham Research reduced their target price on shares of MSC Industrial Direct from $70.00 to $69.00 and set a “neutral” rating for the company in a research note on Tuesday, October 8th. JPMorgan Chase & Co. raised their target price on shares of MSC Industrial Direct from $78.00 to $79.00 and gave the stock a “neutral” rating in a research note on Thursday, October 10th. ValuEngine upgraded shares of MSC Industrial Direct from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Stephens set a $76.00 target price on shares of MSC Industrial Direct and gave the stock a “hold” rating in a research note on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $77.20.
MSM stock opened at $72.45 on Monday. MSC Industrial Direct has a one year low of $64.59 and a one year high of $90.21. The stock has a market capitalization of $4.06 billion, a PE ratio of 13.70, a price-to-earnings-growth ratio of 0.98 and a beta of 0.92. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.43 and a current ratio of 2.68. The company has a fifty day moving average of $74.16 and a 200-day moving average of $71.68.
Several hedge funds and other institutional investors have recently made changes to their positions in MSM. Amundi Pioneer Asset Management Inc. lifted its stake in shares of MSC Industrial Direct by 6.1% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 36,006 shares of the industrial products company’s stock valued at $2,978,000 after purchasing an additional 2,075 shares during the period. Oregon Public Employees Retirement Fund lifted its stake in shares of MSC Industrial Direct by 1.4% in the second quarter. Oregon Public Employees Retirement Fund now owns 18,474 shares of the industrial products company’s stock valued at $1,372,000 after purchasing an additional 258 shares during the period. Arizona State Retirement System lifted its stake in shares of MSC Industrial Direct by 0.7% in the second quarter. Arizona State Retirement System now owns 32,644 shares of the industrial products company’s stock valued at $2,424,000 after purchasing an additional 226 shares during the period. Strs Ohio increased its holdings in MSC Industrial Direct by 16.0% during the 2nd quarter. Strs Ohio now owns 4,455 shares of the industrial products company’s stock valued at $330,000 after acquiring an additional 614 shares in the last quarter. Finally, Northwest Investment Counselors LLC increased its holdings in MSC Industrial Direct by 9.1% during the 2nd quarter. Northwest Investment Counselors LLC now owns 8,150 shares of the industrial products company’s stock valued at $605,000 after acquiring an additional 680 shares in the last quarter. Hedge funds and other institutional investors own 76.79% of the company’s stock.
In related news, CFO Rustom Jilla sold 1,900 shares of the firm’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $75.00, for a total value of $142,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 27.96% of the stock is owned by company insiders.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Tuesday, November 12th were paid a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 4.14%. The ex-dividend date was Friday, November 8th. MSC Industrial Direct’s dividend payout ratio (DPR) is 56.71%.
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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