MSC Industrial Direct (NYSE:MSM) Releases Earnings Results, Beats Estimates By $0.01 EPS


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

NYSE MSM traded up $3.07 on Thursday, reaching $89.72. 15,499 shares of the stock traded hands, compared to its average volume of 453,516. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.22 and a current ratio of 2.23. The company has a fifty day moving average price of $88.03 and a 200-day moving average price of $80.50. The company has a market cap of $5.01 billion, a price-to-earnings ratio of 21.50 and a beta of 0.99. MSC Industrial Direct has a 12 month low of $56.16 and a 12 month high of $93.92.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 27th. Shareholders of record on Tuesday, April 13th will be given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 3.34%. The ex-dividend date is Monday, April 12th. MSC Industrial Direct’s dividend payout ratio (DPR) is presently 63.29%.

In other news, VP Charles Bonomo sold 4,298 shares of the business’s stock in a transaction on Thursday, February 4th. The stock was sold at an average price of $84.01, for a total value of $361,074.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Edward F. Martin, Jr. sold 871 shares of the business’s stock in a transaction on Thursday, January 21st. The stock was sold at an average price of $81.64, for a total value of $71,108.44. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 81,339 shares of company stock valued at $7,019,914. 28.44% of the stock is currently owned by corporate insiders.

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

MSC Industrial Direct Company Profile

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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