MSC Industrial Direct Co Inc (MSM) Expected to Post Earnings of $1.50 Per Share

Brokerages forecast that MSC Industrial Direct Co Inc (NYSE:MSM) will report $1.50 earnings per share (EPS) for the current quarter, according to Zacks. Seven analysts have made estimates for MSC Industrial Direct’s earnings, with the lowest EPS estimate coming in at $1.49 and the highest estimate coming in at $1.51. MSC Industrial Direct posted earnings per share of $1.39 during the same quarter last year, which would suggest a positive year-over-year growth rate of 7.9%. The company is scheduled to report its next quarterly earnings report on Wednesday, July 10th.

According to Zacks, analysts expect that MSC Industrial Direct will report full year earnings of $5.58 per share for the current fiscal year, with EPS estimates ranging from $5.50 to $5.76. For the next year, analysts expect that the business will report earnings of $6.07 per share, with EPS estimates ranging from $5.80 to $6.35. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that follow MSC Industrial Direct.

MSC Industrial Direct (NYSE:MSM) last released its quarterly earnings data on Wednesday, April 10th. The industrial products company reported $1.24 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.26 by ($0.02). The company had revenue of $823.00 million for the quarter, compared to the consensus estimate of $826.98 million. MSC Industrial Direct had a return on equity of 21.20% and a net margin of 8.88%. During the same period last year, the company earned $1.34 EPS.

MSM has been the topic of a number of research analyst reports. Zacks Investment Research raised shares of MSC Industrial Direct from a “sell” rating to a “hold” rating in a research report on Thursday, January 17th. Wells Fargo & Co lowered their target price on shares of MSC Industrial Direct from $85.00 to $80.00 and set a “market perform” rating on the stock in a report on Thursday, April 11th. Jefferies Financial Group initiated coverage on shares of MSC Industrial Direct in a report on Monday, January 7th. They issued a “buy” rating and a $92.00 target price on the stock. Buckingham Research set a $83.00 target price on shares of MSC Industrial Direct and gave the stock a “hold” rating in a report on Thursday, January 10th. Finally, Stephens lowered shares of MSC Industrial Direct from an “overweight” rating to an “equal weight” rating and set a $92.00 target price on the stock. in a report on Friday, February 8th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. MSC Industrial Direct presently has a consensus rating of “Hold” and a consensus price target of $88.38.

MSM stock opened at $81.55 on Wednesday. The stock has a market cap of $4.50 billion, a PE ratio of 16.05, a P/E/G ratio of 1.46 and a beta of 0.86. The company has a current ratio of 2.19, a quick ratio of 1.18 and a debt-to-equity ratio of 0.20. MSC Industrial Direct has a 1 year low of $73.28 and a 1 year high of $95.83.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 23rd. Shareholders of record on Tuesday, April 9th were paid a $0.63 dividend. The ex-dividend date of this dividend was Monday, April 8th. This represents a $2.52 annualized dividend and a yield of 3.09%. MSC Industrial Direct’s dividend payout ratio (DPR) is 49.61%.

In other news, VP Charles Bonomo sold 601 shares of the firm’s stock in a transaction that occurred on Tuesday, January 29th. The shares were sold at an average price of $83.01, for a total transaction of $49,889.01. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Gregory Polli sold 12,736 shares of the firm’s stock in a transaction that occurred on Thursday, February 7th. The stock was sold at an average price of $82.60, for a total transaction of $1,051,993.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 15,463 shares of company stock valued at $1,279,404. Company insiders own 27.96% of the company’s stock.

Several hedge funds have recently modified their holdings of MSM. Vanguard Group Inc. boosted its holdings in MSC Industrial Direct by 1.4% in the 3rd quarter. Vanguard Group Inc. now owns 4,542,964 shares of the industrial products company’s stock worth $400,280,000 after buying an additional 62,473 shares during the period. Vanguard Group Inc boosted its holdings in MSC Industrial Direct by 1.4% in the 3rd quarter. Vanguard Group Inc now owns 4,542,964 shares of the industrial products company’s stock worth $400,280,000 after buying an additional 62,473 shares during the period. BlackRock Inc. boosted its holdings in MSC Industrial Direct by 2.5% in the 4th quarter. BlackRock Inc. now owns 4,143,457 shares of the industrial products company’s stock worth $318,714,000 after buying an additional 102,612 shares during the period. JPMorgan Chase & Co. boosted its holdings in MSC Industrial Direct by 1.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,667,322 shares of the industrial products company’s stock worth $235,017,000 after buying an additional 31,846 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in MSC Industrial Direct by 18.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 856,023 shares of the industrial products company’s stock worth $75,424,000 after buying an additional 133,477 shares during the period. Institutional investors own 75.14% of the company’s stock.

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, 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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