MSC Industrial Direct (NYSE:MSM) Posts Quarterly Earnings Results, Beats Estimates By $0.01 EPS

MSC Industrial Direct (NYSE:MSM) announced its earnings results on Tuesday. The industrial products company reported $1.03 EPS for the quarter, beating the consensus estimate of $1.02 by $0.01, MarketWatch Earnings reports. The company had revenue of $774.00 million for the quarter, compared to analyst estimates of $778.77 million. MSC Industrial Direct had a return on equity of 20.42% and a net margin of 7.14%. The firm’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.00 EPS.

NYSE MSM opened at $86.65 on Thursday. The company has a current ratio of 2.23, a quick ratio of 1.22 and a debt-to-equity ratio of 0.41. The business has a fifty day simple moving average of $88.03 and a 200 day simple moving average of $80.50. MSC Industrial Direct has a 12 month low of $56.16 and a 12 month high of $93.92. The firm has a market capitalization of $4.84 billion, a P/E ratio of 21.50 and a beta of 0.99.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 27th. Investors of record on Tuesday, April 13th will be issued a dividend of $0.75 per share. The ex-dividend date is Monday, April 12th. This represents a $3.00 annualized dividend and a yield of 3.46%. MSC Industrial Direct’s dividend payout ratio (DPR) is currently 63.29%.

Several analysts have recently commented on the stock. Zacks Investment Research downgraded shares of MSC Industrial Direct from a “hold” rating to a “sell” rating in a research report on Wednesday. Wells Fargo & Company upgraded shares of MSC Industrial Direct from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $90.00 to $105.00 in a report on Thursday. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of MSC Industrial Direct from $90.00 to $89.00 and set a “hold” rating on the stock in a report on Monday. Finally, William Blair raised MSC Industrial Direct from a “market perform” rating to an “outperform” rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $85.00.

In other news, SVP Kari D. Heerdt sold 28,934 shares of the company’s stock in a transaction that occurred on Thursday, March 11th. The stock was sold at an average price of $90.00, for a total value of $2,604,060.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Charles Bonomo sold 4,298 shares of the stock in a transaction that occurred on Thursday, February 4th. The shares were sold at an average price of $84.01, for a total value of $361,074.98. The disclosure for this sale can be found here. Insiders have sold a total of 81,339 shares of company stock worth $7,019,914 over the last ninety days. Insiders own 28.44% of the company’s stock.

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, Mexico, and the United Kingdom. Its MRO products include 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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Earnings History for MSC Industrial Direct (NYSE:MSM)

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