MSC Industrial Direct (NYSE:MSM) announced its quarterly earnings data on Tuesday. The industrial products company reported $1.32 EPS for the quarter, topping the consensus estimate of $1.29 by $0.03, MarketWatch Earnings reports. The company had revenue of $838.00 million during the quarter, compared to the consensus estimate of $838.88 million. MSC Industrial Direct had a net margin of 10.16% and a return on equity of 21.08%. The company’s quarterly revenue was up 11.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.07 EPS. MSC Industrial Direct updated its Q1 2019 guidance to $1.28-1.34 EPS and its Q1 guidance to $1.28-1.34 EPS.
NYSE MSM traded down $0.52 during mid-day trading on Wednesday, hitting $81.02. The company’s stock had a trading volume of 779,636 shares, compared to its average volume of 539,545. MSC Industrial Direct has a twelve month low of $75.34 and a twelve month high of $99.94. The company has a current ratio of 2.11, a quick ratio of 1.14 and a debt-to-equity ratio of 0.18. The company has a market cap of $4.34 billion, a P/E ratio of 20.00, a PEG ratio of 0.96 and a beta of 0.51.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 27th. Investors of record on Tuesday, November 13th will be given a $0.63 dividend. The ex-dividend date is Friday, November 9th. This represents a $2.52 annualized dividend and a yield of 3.11%. This is an increase from MSC Industrial Direct’s previous quarterly dividend of $0.58. MSC Industrial Direct’s dividend payout ratio (DPR) is presently 57.28%.
MSM has been the subject of several research reports. Zacks Investment Research raised shares of MSC Industrial Direct from a “sell” rating to a “hold” rating in a research report on Sunday, July 15th. Gordon Haskett initiated coverage on shares of MSC Industrial Direct in a research report on Friday, October 12th. They issued a “buy” rating for the company. Buckingham Research initiated coverage on shares of MSC Industrial Direct in a research report on Friday, October 12th. They issued a “neutral” rating and a $89.00 price target for the company. Northcoast Research set a $95.00 price target on shares of MSC Industrial Direct and gave the company a “buy” rating in a research report on Friday, July 13th. Finally, ValuEngine raised shares of MSC Industrial Direct from a “sell” rating to a “hold” rating in a research report on Saturday, July 14th. Ten analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $100.00.
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.
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