MSC Industrial Direct (NYSE:MSM) announced its quarterly earnings data 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. MSC Industrial Direct had a net margin of 7.14% and a return on equity of 20.42%. The business had revenue of $774.00 million for the quarter, compared to analyst estimates of $778.77 million. During the same quarter in the previous year, the firm posted $1.00 earnings per share. The firm’s revenue for the quarter was down 1.5% on a year-over-year basis.
Shares of MSM stock opened at $86.65 on Thursday. MSC Industrial Direct has a 52 week low of $56.16 and a 52 week high of $93.92. The company has a market capitalization of $4.84 billion, a price-to-earnings ratio of 21.50 and a beta of 0.99. The company has a 50-day simple moving average of $88.03 and a 200 day simple moving average of $80.50. 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 business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 27th. Stockholders of record on Tuesday, April 13th will be given a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 3.46%. The ex-dividend date is Monday, April 12th. MSC Industrial Direct’s payout ratio is presently 63.29%.
In other MSC Industrial Direct news, SVP Kari D. Heerdt sold 28,934 shares of the stock in a transaction on Thursday, March 11th. The stock was sold at an average price of $90.00, for a total transaction of $2,604,060.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Edward F. Martin, Jr. sold 871 shares of MSC Industrial Direct 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. In the last quarter, insiders sold 81,339 shares of company stock worth $7,019,914. 28.44% of the stock is owned by company insiders.
A number of analysts recently issued reports on MSM shares. Zacks Investment Research downgraded MSC Industrial Direct from a “hold” rating to a “sell” rating in a research 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 on the stock in a research note on Monday. William Blair upgraded shares of MSC Industrial Direct from a “market perform” rating to an “outperform” rating in a report on Wednesday. Finally, Wells Fargo & Company raised shares of MSC Industrial Direct from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $90.00 to $105.00 in a research report on Thursday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $85.00.
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, 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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