MSC Industrial Direct (NYSE:MSM) Releases Quarterly Earnings Results, Beats Expectations By $0.04 EPS

MSC Industrial Direct (NYSE:MSM) announced its quarterly earnings data on Thursday. The industrial products company reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.04, RTT News reports. The business had revenue of $891.70 million for the quarter, compared to the consensus estimate of $908.30 million. MSC Industrial Direct had a net margin of 6.21% and a return on equity of 17.80%. MSC Industrial Direct’s quarterly revenue was down 4.7% on a year-over-year basis. During the same quarter last year, the company posted $1.18 earnings per share.

MSC Industrial Direct Stock Down 5.3 %

Shares of MSC Industrial Direct stock opened at $71.19 on Friday. MSC Industrial Direct has a 12 month low of $70.13 and a 12 month high of $96.13. The business has a fifty day simple moving average of $79.50 and a 200 day simple moving average of $81.35. The company has a quick ratio of 0.91, a current ratio of 1.93 and a debt-to-equity ratio of 0.21. The stock has a market cap of $3.98 billion, a PE ratio of 16.99 and a beta of 0.89.

MSC Industrial Direct Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 9th will be paid a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a dividend yield of 4.78%. The ex-dividend date of this dividend is Wednesday, April 9th. MSC Industrial Direct’s dividend payout ratio (DPR) is currently 81.15%.

Analyst Ratings Changes

A number of brokerages have recently commented on MSM. Loop Capital cut their price objective on shares of MSC Industrial Direct from $83.00 to $74.00 and set a “hold” rating for the company in a research report on Friday. Wolfe Research began coverage on shares of MSC Industrial Direct in a research report on Thursday, January 16th. They set an “outperform” rating and a $95.00 target price on the stock. Finally, Robert W. Baird cut their price target on shares of MSC Industrial Direct from $90.00 to $84.00 and set a “neutral” rating for the company in a research note on Friday. Seven equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $82.20.

MSC Industrial Direct Company Profile

MSC Industrial Direct Co, Inc, together with its subsidiaries, distributes metalworking and maintenance, repair, and operations (MRO) products and services in the United States, Canada, Mexico, the United Kingdom, and internationally. The company's 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.