MSC Industrial Direct Co Inc (NYSE:MSM) – Research analysts at Northcoast Research decreased their Q1 2020 earnings per share estimates for MSC Industrial Direct in a research report issued on Friday, October 25th. Northcoast Research analyst T. Hayes now anticipates that the industrial products company will earn $1.17 per share for the quarter, down from their prior estimate of $1.31. Northcoast Research currently has a “Neutral” rating and a $74.00 target price on the stock. Northcoast Research also issued estimates for MSC Industrial Direct’s Q3 2020 earnings at $1.34 EPS, Q4 2020 earnings at $1.30 EPS and FY2020 earnings at $5.06 EPS.
Other analysts have also recently issued reports about the company. Buckingham Research increased their price objective on MSC Industrial Direct from $69.00 to $78.00 and gave the company a “neutral” rating in a research note on Friday. Raymond James cut MSC Industrial Direct from an “outperform” rating to a “market perform” rating in a research note on Thursday, September 12th. JPMorgan Chase & Co. increased their price objective on MSC Industrial Direct from $78.00 to $79.00 and gave the company a “neutral” rating in a research note on Thursday, October 10th. Zacks Investment Research upgraded MSC Industrial Direct from a “sell” rating to a “hold” rating in a research note on Tuesday, October 22nd. Finally, ValuEngine raised MSC Industrial Direct from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $78.10.
Shares of NYSE MSM opened at $74.84 on Monday. The stock has a market cap of $4.17 billion, a P/E ratio of 14.15, a PEG ratio of 1.14 and a beta of 0.91. The company has a current ratio of 2.68, a quick ratio of 1.35 and a debt-to-equity ratio of 0.18. MSC Industrial Direct has a 12-month low of $64.59 and a 12-month high of $90.25. The business’s fifty day simple moving average is $71.30 and its 200-day simple moving average is $72.78.
MSC Industrial Direct (NYSE:MSM) last announced its quarterly earnings data on Thursday, October 24th. The industrial products company reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.07. The business had revenue of $842.70 million for the quarter, compared to analysts’ expectations of $837.97 million. MSC Industrial Direct had a return on equity of 20.63% and a net margin of 8.59%. The company’s revenue for the quarter was up .6% compared to the same quarter last year. During the same period last year, the firm earned $1.29 earnings per share.
A number of large investors have recently bought and sold shares of MSM. Amundi Pioneer Asset Management Inc. increased its holdings in MSC Industrial Direct by 6.1% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 36,006 shares of the industrial products company’s stock valued at $2,978,000 after buying an additional 2,075 shares during the last quarter. Retirement Systems of Alabama grew its holdings in shares of MSC Industrial Direct by 110.3% during the second quarter. Retirement Systems of Alabama now owns 123,589 shares of the industrial products company’s stock worth $9,178,000 after purchasing an additional 64,818 shares during the last quarter. Ridgewood Investments LLC grew its holdings in shares of MSC Industrial Direct by 20.6% during the second quarter. Ridgewood Investments LLC now owns 8,242 shares of the industrial products company’s stock worth $612,000 after purchasing an additional 1,406 shares during the last quarter. First Hawaiian Bank grew its holdings in shares of MSC Industrial Direct by 22.6% during the second quarter. First Hawaiian Bank now owns 7,405 shares of the industrial products company’s stock worth $550,000 after purchasing an additional 1,366 shares during the last quarter. Finally, Leith Wheeler Investment Counsel Ltd. grew its holdings in shares of MSC Industrial Direct by 3.5% during the second quarter. Leith Wheeler Investment Counsel Ltd. now owns 62,482 shares of the industrial products company’s stock worth $4,640,000 after purchasing an additional 2,110 shares during the last quarter. 75.32% of the stock is currently owned by hedge funds and other institutional investors.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 26th. Investors of record on Tuesday, November 12th will be issued a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 4.01%. The ex-dividend date is Friday, November 8th. MSC Industrial Direct’s dividend payout ratio (DPR) is presently 56.71%.
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, 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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