MSC Industrial Direct (NYSE:MSM) Releases Earnings Results, Beats Estimates By $0.02 EPS

MSC Industrial Direct (NYSE:MSM) posted its quarterly earnings results on Tuesday. The industrial products company reported $1.10 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.08 by $0.02, MarketWatch Earnings reports. MSC Industrial Direct had a net margin of 7.87% and a return on equity of 19.38%. The business had revenue of $771.90 million for the quarter, compared to the consensus estimate of $771.54 million. During the same period in the prior year, the business posted $1.21 earnings per share. MSC Industrial Direct’s revenue for the quarter was down 6.3% compared to the same quarter last year.

Shares of MSM stock traded down $0.53 during midday trading on Thursday, hitting $82.79. 1,679 shares of the company were exchanged, compared to its average volume of 896,952. The firm has a market capitalization of $4.60 billion, a P/E ratio of 18.43 and a beta of 1.01. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.70 and a current ratio of 3.03. The firm’s 50 day moving average price is $84.71 and its two-hundred day moving average price is $72.09. MSC Industrial Direct has a 52 week low of $44.93 and a 52 week high of $87.84.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 26th. Stockholders of record on Tuesday, January 12th will be given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 3.62%. The ex-dividend date of this dividend is Monday, January 11th. MSC Industrial Direct’s dividend payout ratio (DPR) is presently 63.29%.

MSM has been the topic of a number of research reports. Raymond James raised shares of MSC Industrial Direct from an “underperform” rating to a “market perform” rating in a research note on Wednesday, October 28th. They noted that the move was a valuation call. Stephens started coverage on shares of MSC Industrial Direct in a report on Thursday, October 15th. They set an “equal weight” rating and a $70.00 price target for the company. Wells Fargo & Company upped their price target on shares of MSC Industrial Direct from $80.00 to $90.00 and gave the company an “equal weight” rating in a report on Thursday. KeyCorp upped their price objective on shares of MSC Industrial Direct from $82.00 to $96.00 and gave the company an “overweight” rating in a research report on Monday, November 23rd. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of MSC Industrial Direct from $75.00 to $92.00 and gave the company a “hold” rating in a research report on Wednesday, December 16th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company’s stock. MSC Industrial Direct has an average rating of “Hold” and an average target price of $81.88.

MSC Industrial Direct Company Profile

MSC Industrial Direct Co, Inc, together with its subsidiaries, distributes metalworking and maintenance, repair, and operations (MRO) products in the United States, Canada, Mexico, and the United Kingdom. Its MRO products include 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.

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Earnings History for MSC Industrial Direct (NYSE:MSM)

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