MSC Industrial Direct (NYSE:MSM) Updates Q4 2019 Earnings Guidance

MSC Industrial Direct (NYSE:MSM) updated its fourth quarter 2019 earnings guidance on Wednesday. The company provided earnings per share guidance of $1.21-1.27 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.48. The company issued revenue guidance of $835-851 million, compared to the consensus revenue estimate of $883.56 million.MSC Industrial Direct also updated its Q4 guidance to $1.21-1.27 EPS.

Several research firms recently weighed in on MSM. Gordon Haskett cut shares of MSC Industrial Direct from a buy rating to a hold rating and set a $72.02 price target on the stock. in a report on Monday, June 10th. Zacks Investment Research upgraded shares of SCHNEIDER ELEC /ADR from a hold rating to a buy rating and set a $20.00 price target on the stock in a report on Friday, July 5th. Stephens began coverage on shares of Itron in a report on Monday. They issued an equal weight rating and a $64.00 price target on the stock. Raymond James reiterated a hold rating on shares of PrairieSky Royalty in a report on Thursday. Finally, Buckingham Research cut their price target on shares of PJT Partners from $49.00 to $42.00 and set a neutral rating on the stock in a report on Thursday. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. MSC Industrial Direct presently has a consensus rating of Hold and an average price target of $82.80.

NYSE:MSM opened at $71.08 on Friday. The company has a market capitalization of $3.84 billion, a PE ratio of 13.99, a P/E/G ratio of 1.25 and a beta of 0.94. The firm has a fifty day moving average of $72.40. MSC Industrial Direct has a twelve month low of $67.25 and a twelve month high of $90.25. The company has a current ratio of 2.50, a quick ratio of 1.18 and a debt-to-equity ratio of 0.20.



MSC Industrial Direct (NYSE:MSM) last announced its quarterly earnings data on Wednesday, July 10th. The industrial products company reported $1.45 EPS for the quarter, missing the consensus estimate of $1.50 by ($0.05). The firm had revenue of $866.50 million for the quarter, compared to analysts’ expectations of $881.62 million. MSC Industrial Direct had a net margin of 8.79% and a return on equity of 21.08%. The business’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.39 EPS. Analysts predict that MSC Industrial Direct will post 5.54 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 6th. Shareholders of record on Tuesday, July 23rd will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Monday, July 22nd. This represents a $3.00 annualized dividend and a yield of 4.22%. This is a positive change from MSC Industrial Direct’s previous quarterly dividend of $0.63. MSC Industrial Direct’s dividend payout ratio (DPR) is currently 49.61%.

In other MSC Industrial Direct news, EVP Douglas E. Jones sold 2,126 shares of the firm’s stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $83.50, for a total transaction of $177,521.00. Following the completion of the transaction, the executive vice president now owns 7,496 shares of the company’s stock, valued at $625,916. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Steven N. Baruch sold 5,404 shares of the firm’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $82.00, for a total value of $443,128.00. The disclosure for this sale can be found here. Company insiders own 27.96% of the company’s stock.

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, and the United Kingdom. The company's MRO products comprise 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.

Further Reading: Outstanding Shares

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

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