MSC Industrial Direct (MSM) Projected to Post Earnings on Thursday

MSC Industrial Direct (NYSE:MSM) is expected to be posting its quarterly earnings results before the market opens on Thursday, April 3rd. Analysts expect MSC Industrial Direct to post earnings of $0.69 per share and revenue of $908.30 million for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

MSC Industrial Direct (NYSE:MSM) last announced its earnings results on Wednesday, January 8th. The industrial products company reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.13. The firm had revenue of $928.50 million for the quarter, compared to the consensus estimate of $904.90 million. MSC Industrial Direct had a return on equity of 17.80% and a net margin of 6.21%. The company’s revenue was down 2.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.25 EPS. On average, analysts expect MSC Industrial Direct to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

MSC Industrial Direct Stock Performance

Shares of MSM opened at $77.68 on Wednesday. The stock has a 50 day moving average of $79.95 and a 200 day moving average of $81.48. The company has a market capitalization of $4.34 billion, a price-to-earnings ratio of 18.54 and a beta of 0.90. MSC Industrial Direct has a 12 month low of $72.79 and a 12 month high of $96.28. The company has a current ratio of 1.93, a quick ratio of 0.91 and a debt-to-equity ratio of 0.21.

MSC Industrial Direct Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 9th will be given a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a dividend yield of 4.38%. The ex-dividend date of this dividend is Wednesday, April 9th. MSC Industrial Direct’s dividend payout ratio is presently 81.15%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Wolfe Research assumed coverage on shares of MSC Industrial Direct in a report on Thursday, January 16th. They issued an “outperform” rating and a $95.00 price target on the stock. Stephens cut shares of MSC Industrial Direct from an “overweight” rating to an “equal weight” rating and set a $85.00 target price on the stock. in a research note on Wednesday, December 4th. Seven 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, MSC Industrial Direct presently has a consensus rating of “Hold” and an average target price of $83.80.

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.