MSC Industrial Direct (NYSE:MSM) issued an update on its first quarter earnings guidance on Tuesday morning. The company provided EPS guidance of $1.28-1.34 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.38. The company issued revenue guidance of $821-837 million, compared to the consensus revenue estimate of $831.60 million.MSC Industrial Direct also updated its Q1 2019 guidance to $1.28-1.34 EPS.
MSM traded up $5.09 during trading on Tuesday, hitting $81.62. The company’s stock had a trading volume of 1,059,660 shares, compared to its average volume of 539,545. The company has a current ratio of 2.11, a quick ratio of 1.14 and a debt-to-equity ratio of 0.18. MSC Industrial Direct has a twelve month low of $75.34 and a twelve month high of $99.94. The firm has a market cap of $4.34 billion, a P/E ratio of 20.15, a PEG ratio of 0.96 and a beta of 0.51.
The firm also recently disclosed 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. This is a positive change from MSC Industrial Direct’s previous quarterly dividend of $0.58. This represents a $2.52 annualized dividend and a yield of 3.09%. The ex-dividend date is Friday, November 9th. MSC Industrial Direct’s dividend payout ratio (DPR) is presently 57.28%.
In other news, Director Denis F. Kelly sold 1,500 shares of MSC Industrial Direct stock in a transaction that occurred on Tuesday, August 21st. The stock was sold at an average price of $88.43, for a total value of $132,645.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 31.38% of the company’s stock.
MSC Industrial Direct Company Profile
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.
Further Reading: What are the economic characteristics of a bear market?
Receive News & Ratings for MSC Industrial Direct Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MSC Industrial Direct and related companies with MarketBeat.com's FREE daily email newsletter.