MSC Industrial Direct (NYSE:MSM) Issues Quarterly Earnings Results


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MSC Industrial Direct (NYSE:MSM) released its earnings results on Tuesday. The industrial products company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.01, MarketWatch Earnings reports. MSC Industrial Direct had a return on equity of 20.42% and a net margin of 7.14%. The business had revenue of $774.00 million for the quarter, compared to analyst estimates of $778.77 million. During the same quarter in the prior year, the company posted $1.00 earnings per share. MSC Industrial Direct’s revenue was down 1.5% on a year-over-year basis.

Shares of NYSE MSM opened at $86.65 on Thursday. The firm has a fifty day moving average price of $88.03 and a 200-day moving average price of $80.50. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.23 and a quick ratio of 1.22. The stock has a market cap of $4.84 billion, a PE ratio of 21.50 and a beta of 0.99. MSC Industrial Direct has a 1 year low of $56.16 and a 1 year high of $93.92.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 27th. Stockholders of record on Tuesday, April 13th will be paid a $0.75 dividend. The ex-dividend date is Monday, April 12th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 3.46%. MSC Industrial Direct’s dividend payout ratio (DPR) is presently 63.29%.

Several research firms have recently commented on MSM. Deutsche Bank Aktiengesellschaft decreased their target price on MSC Industrial Direct from $90.00 to $89.00 and set a “hold” rating on the stock in a research report on Monday. Wells Fargo & Company upgraded MSC Industrial Direct from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $90.00 to $105.00 in a report on Thursday. William Blair upgraded MSC Industrial Direct from a “market perform” rating to an “outperform” rating in a report on Wednesday. Finally, Zacks Investment Research cut shares of MSC Industrial Direct from a “hold” rating to a “sell” rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $85.00.

In other news, SVP Edward F. Martin, Jr. sold 871 shares of the stock in a transaction on Thursday, January 21st. The shares were sold at an average price of $81.64, for a total value of $71,108.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Steve Armstrong sold 3,595 shares of the stock in a transaction on Monday, February 8th. The stock was sold at an average price of $86.52, for a total transaction of $311,039.40. Over the last three months, insiders sold 81,339 shares of company stock valued at $7,019,914. Corporate insiders own 28.44% 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, 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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