MSC Industrial Direct (MSM) Releases Q3 Earnings Guidance

MSC Industrial Direct (NYSE:MSM) issued an update on its third quarter earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $1.37-1.43 for the period, compared to the Thomson Reuters consensus estimate of $1.41. The company issued revenue guidance of $820-835 million, compared to the consensus revenue estimate of $828.27 million.

NYSE:MSM opened at $88.17 on Thursday. MSC Industrial Direct has a 1-year low of $65.42 and a 1-year high of $99.94. The stock has a market capitalization of $5,183.23, a P/E ratio of 20.18, a price-to-earnings-growth ratio of 1.32 and a beta of 0.60. The company has a quick ratio of 1.04, a current ratio of 2.20 and a debt-to-equity ratio of 0.19.

MSC Industrial Direct (NYSE:MSM) last released its quarterly earnings data on Tuesday, April 10th. The industrial products company reported $1.34 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.32 by $0.02. MSC Industrial Direct had a net margin of 9.91% and a return on equity of 20.53%. The company had revenue of $769.00 million during the quarter, compared to analyst estimates of $773.42 million. During the same period in the prior year, the firm earned $1.33 earnings per share. The firm’s revenue for the quarter was up 9.3% compared to the same quarter last year. analysts predict that MSC Industrial Direct will post 5.13 earnings per share for the current fiscal year.



The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 1st. Investors of record on Tuesday, April 17th will be paid a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 2.63%. The ex-dividend date is Monday, April 16th. MSC Industrial Direct’s dividend payout ratio (DPR) is presently 57.28%.

MSC Industrial Direct announced that its board has authorized a share buyback program on Wednesday, January 10th that allows the company to repurchase 2,000,000 shares. This repurchase authorization allows the industrial products company to repurchase shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are undervalued.

MSM has been the subject of a number of research reports. Northcoast Research raised shares of MSC Industrial Direct from a neutral rating to a buy rating in a research note on Friday, December 15th. Zacks Investment Research raised shares of MSC Industrial Direct from a hold rating to a buy rating and set a $108.00 price objective for the company in a research note on Wednesday, January 3rd. UBS lowered shares of MSC Industrial Direct from a strong-buy rating to an outperform rating in a research note on Thursday, January 4th. Raymond James Financial reaffirmed an outperform rating and issued a $105.00 price objective (up from $95.00) on shares of MSC Industrial Direct in a research note on Thursday, January 4th. They noted that the move was a valuation call. Finally, Susquehanna Bancshares reaffirmed a hold rating and issued a $92.00 price objective on shares of MSC Industrial Direct in a research note on Wednesday, January 3rd. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company’s stock. MSC Industrial Direct presently has an average rating of Hold and an average target price of $100.62.

In other MSC Industrial Direct news, CFO Rustom Jilla sold 2,500 shares of the business’s stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of $99.00, for a total value of $247,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Charles Bonomo sold 1,800 shares of the business’s stock in a transaction dated Thursday, January 18th. The stock was sold at an average price of $92.19, for a total transaction of $165,942.00. The disclosure for this sale can be found here. Insiders sold 771,391 shares of company stock valued at $72,957,591 over the last quarter. 31.28% of the stock is currently owned by corporate insiders.

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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.

Earnings History and Estimates for MSC Industrial Direct (NYSE:MSM)

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