MSC Industrial Direct (NYSE:MSM) posted its earnings results on Tuesday. The industrial products company reported $1.10 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.02, MarketWatch Earnings reports. The company had revenue of $771.90 million for the quarter, compared to analyst estimates of $771.54 million. MSC Industrial Direct had a net margin of 7.87% and a return on equity of 19.38%. MSC Industrial Direct’s revenue was down 6.3% on a year-over-year basis. During the same period in the previous year, the business posted $1.21 EPS.
MSM traded up $0.53 during trading on Thursday, reaching $83.85. 4,486 shares of the company were exchanged, compared to its average volume of 896,952. The stock has a market cap of $4.66 billion, a P/E ratio of 18.32 and a beta of 1.01. The firm has a 50 day moving average of $84.71 and a 200 day moving average of $72.09. The company has a current ratio of 3.03, a quick ratio of 1.70 and a debt-to-equity ratio of 0.38. MSC Industrial Direct has a 52 week low of $44.93 and a 52 week high of $87.84.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 26th. Investors of record on Tuesday, January 12th will be given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 3.58%. The ex-dividend date of this dividend is Monday, January 11th. MSC Industrial Direct’s dividend payout ratio is currently 63.29%.
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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