MSC Industrial Direct (MSM) Issues Q1 Earnings Guidance

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%.

MSM has been the topic of several research analyst reports. Northcoast Research set a $95.00 price objective on MSC Industrial Direct and gave the company a buy rating in a report on Friday, July 13th. Gordon Haskett initiated coverage on MSC Industrial Direct in a report on Friday, October 12th. They issued a buy rating on the stock. Zacks Investment Research raised MSC Industrial Direct from a hold rating to a buy rating and set a $97.00 price objective on the stock in a report on Wednesday, September 26th. ValuEngine raised MSC Industrial Direct from a sell rating to a hold rating in a report on Saturday, July 14th. Finally, Wells Fargo & Co dropped their price objective on MSC Industrial Direct from $95.00 to $87.00 and set a market perform rating on the stock in a report on Thursday, July 12th. Ten research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of $100.00.

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.

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

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