MSC Industrial Direct Company, Inc. (NYSE:MSM) updated its fourth quarter earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $0.97-1.01 for the period, compared to the Thomson Reuters consensus estimate of $1.06. The company issued revenue guidance of $732-746 million, compared to the consensus revenue estimate of $736.69 million.
Several brokerages have recently issued reports on MSM. J P Morgan Chase & Co initiated coverage on shares of MSC Industrial Direct in a report on Friday, June 2nd. They issued an overweight rating and a $91.00 target price on the stock. Northcoast Research initiated coverage on shares of MSC Industrial Direct in a report on Tuesday, July 25th. They issued a neutral rating on the stock. BidaskClub cut shares of MSC Industrial Direct from a sell rating to a strong sell rating in a report on Friday, July 28th. Stifel Nicolaus reiterated a hold rating and issued a $88.00 price target (down previously from $92.00) on shares of MSC Industrial Direct in a report on Monday, June 12th. Finally, Zacks Investment Research cut shares of MSC Industrial Direct from a buy rating to a hold rating in a report on Friday, June 9th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the stock. MSC Industrial Direct has a consensus rating of Hold and an average price target of $90.85.
Shares of MSC Industrial Direct Company, Inc. (NYSE:MSM) traded down 0.27% during mid-day trading on Tuesday, hitting $70.12. 521,545 shares of the stock were exchanged. The stock’s 50 day moving average is $78.84 and its 200 day moving average is $91.42. MSC Industrial Direct Company, Inc. has a 12 month low of $69.33 and a 12 month high of $105.70. The firm has a market cap of $3.99 billion, a P/E ratio of 17.49 and a beta of 0.50.
MSC Industrial Direct (NYSE:MSM) last announced its quarterly earnings data on Wednesday, July 12th. The industrial products company reported $1.09 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.09. MSC Industrial Direct had a return on equity of 20.05% and a net margin of 8.07%. The firm had revenue of $743.90 million during the quarter, compared to analysts’ expectations of $744.49 million. During the same period last year, the business posted $1.05 earnings per share. The company’s revenue for the quarter was up 2.3% compared to the same quarter last year. Analysts expect that MSC Industrial Direct Company, Inc. will post $3.98 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 1st. Stockholders of record on Tuesday, July 18th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 2.57%. The ex-dividend date was Friday, July 14th. MSC Industrial Direct’s payout ratio is 45.11%.
In other news, Director Philip Peller acquired 1,000 shares of MSC Industrial Direct stock in a transaction dated Wednesday, July 19th. The stock was purchased at an average cost of $72.00 per share, for a total transaction of $72,000.00. Following the completion of the purchase, the director now directly owns 2,422 shares in the company, valued at approximately $174,384. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 31.28% of the company’s stock.
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About MSC Industrial Direct
MSC Industrial Direct Co, Inc is a North American distributor of metalworking and maintenance, repair and operations (MRO) products and services. The Company’s range of MRO products include 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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