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

MSC Industrial Direct (NYSE:MSM) updated its fourth quarter 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 $883.58 million.MSC Industrial Direct also updated its Q4 2019 guidance to $1.21-1.27 EPS.

Several brokerages have recently commented on MSM. Buckingham Research decreased their price objective on PJT Partners from $49.00 to $42.00 and set a neutral rating for the company in a report on Thursday. BMO Capital Markets decreased their price objective on MSC Industrial Direct from $90.00 to $86.00 and set a market perform rating for the company in a report on Thursday, April 11th. ValuEngine upgraded VESTAS WIND SYS/ADR from a hold rating to a buy rating in a report on Thursday, May 9th. William Blair reiterated a market perform rating on shares of Luminex in a report on Tuesday, May 7th. Finally, Northcoast Research reiterated a buy rating on shares of MSC Industrial Direct in a report on Thursday, April 11th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. The stock presently has an average rating of Hold and an average target price of $82.80.

Shares of MSM stock opened at $71.08 on Friday. The stock has a market cap of $3.84 billion, a price-to-earnings ratio of 13.99, a price-to-earnings-growth ratio of 1.25 and a beta of 0.94. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.50 and a quick ratio of 1.18. The stock has a fifty day moving average price of $72.40. MSC Industrial Direct has a 1 year low of $67.25 and a 1 year high of $90.25.

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

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

In other MSC Industrial Direct news, EVP Steven N. Baruch sold 5,404 shares of MSC Industrial Direct stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $82.00, for a total transaction of $443,128.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Douglas E. Jones sold 2,126 shares of MSC Industrial Direct stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of $83.50, for a total value of $177,521.00. Following the transaction, the executive vice president now owns 7,496 shares of the company’s stock, valued at approximately $625,916. 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.

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

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