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

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

Shares of MSM opened at $86.65 on Thursday. The company has a 50-day simple moving average of $88.03 and a 200-day simple moving average of $80.50. The firm has a market capitalization of $4.84 billion, a P/E ratio of 21.50 and a beta of 0.99. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.22 and a current ratio of 2.23. MSC Industrial Direct has a 52 week low of $56.16 and a 52 week high of $93.92.

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

Several equities research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of MSC Industrial Direct from $90.00 to $89.00 and set a “hold” rating for the company in a research note on Monday. Zacks Investment Research lowered shares of MSC Industrial Direct from a “hold” rating to a “sell” rating in a research note on Wednesday. Wells Fargo & Company raised shares of MSC Industrial Direct from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $90.00 to $105.00 in a research note on Thursday. Finally, William Blair reissued a “market perform” rating on shares of MSC Industrial Direct in a research report on Wednesday. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. MSC Industrial Direct presently has an average rating of “Hold” and an average price target of $85.00.

In other news, SVP Kari D. Heerdt sold 28,934 shares of the company’s stock in a transaction dated Thursday, March 11th. The shares were sold at an average price of $90.00, for a total transaction of $2,604,060.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mitchell Jacobson acquired 67,796 shares of the business’s stock in a transaction dated Friday, January 29th. The shares were bought at an average cost of $78.04 per share, with a total value of $5,290,799.84. Following the transaction, the director now directly owns 67,796 shares of the company’s stock, valued at approximately $5,290,799.84. The disclosure for this purchase can be found here. Insiders have sold 81,339 shares of company stock valued at $7,019,914 in the last ninety days. 28.44% of the stock is owned by company insiders.

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, 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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