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


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MSC Industrial Direct (NYSE:MSM) posted its quarterly earnings data on Tuesday. The industrial products company reported $1.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of $771.90 million during the quarter, compared to the consensus estimate of $771.54 million. During the same period in the previous year, the firm posted $1.21 EPS. The firm’s revenue was down 6.3% compared to the same quarter last year.

Shares of MSM stock traded up $0.05 during mid-day trading on Thursday, reaching $83.37. The stock had a trading volume of 4,733 shares, compared to its average volume of 896,952. The stock’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 firm has a market capitalization of $4.64 billion, a PE ratio of 18.32 and a beta of 1.01. The company has a current ratio of 3.03, a quick ratio of 1.70 and a debt-to-equity ratio of 0.38.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 26th. Shareholders 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 3.60%. The ex-dividend date is Monday, January 11th. MSC Industrial Direct’s payout ratio is 63.29%.

A number of analysts have recently issued reports on the stock. Zacks Investment Research raised shares of MSC Industrial Direct from a “hold” rating to a “buy” rating and set a $91.00 price objective for the company in a report on Wednesday. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of MSC Industrial Direct from $75.00 to $92.00 and gave the stock a “hold” rating in a report on Wednesday, December 16th. 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. BidaskClub downgraded shares of MSC Industrial Direct from a “buy” rating to a “hold” rating in a research note on Thursday. Finally, KeyCorp boosted their price target on shares of MSC Industrial Direct from $82.00 to $96.00 and gave the stock an “overweight” rating in a research note on Monday, November 23rd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $81.88.

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, 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.

Further Reading: What are earnings reports?

Earnings History for MSC Industrial Direct (NYSE:MSM)

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