MSC Industrial Direct Company, Inc. (NYSE:MSM) issued its earnings results on Tuesday. The industrial products company reported $1.07 EPS for the quarter, topping the consensus estimate of $0.99 by $0.08, Bloomberg Earnings reports. MSC Industrial Direct had a net margin of 8.07% and a return on equity of 20.05%. The company had revenue of $753.80 million for the quarter, compared to the consensus estimate of $745.80 million. During the same period in the previous year, the firm earned $1.02 earnings per share. The firm’s revenue for the quarter was up 1.2% on a year-over-year basis. MSC Industrial Direct updated its Q1 guidance to $1.03-1.07 EPS.
Shares of MSC Industrial Direct (NYSE:MSM) traded down 0.13% during mid-day trading on Wednesday, hitting $82.79. 137,248 shares of the stock were exchanged. The stock’s 50 day moving average is $75.80 and its 200 day moving average is $78.72. MSC Industrial Direct has a 12 month low of $65.42 and a 12 month high of $105.70. The firm has a market cap of $4.72 billion, a P/E ratio of 20.65 and a beta of 0.54.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 28th. Stockholders of record on Tuesday, November 14th will be issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date is Monday, November 13th. This is a boost from MSC Industrial Direct’s previous quarterly dividend of $0.45. MSC Industrial Direct’s payout ratio is 45.11%.
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MSM has been the topic of several analyst reports. BidaskClub downgraded shares of MSC Industrial Direct from a “sell” rating to a “strong sell” rating in a research note on Friday, July 28th. Credit Suisse Group set a $93.00 target price on shares of MSC Industrial Direct and gave the stock a “buy” rating in a research note on Friday, October 6th. Robert W. Baird reaffirmed a “neutral” rating and issued a $85.00 target price (down from $92.00) on shares of MSC Industrial Direct in a research note on Thursday, July 13th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $78.00 target price (down from $88.00) on shares of MSC Industrial Direct in a research note on Friday, July 14th. Finally, Zacks Investment Research downgraded shares of MSC Industrial Direct from a “buy” rating to a “hold” rating in a research note on Friday, July 14th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $88.86.
About MSC Industrial Direct
MSC Industrial Direct Co, Inc is a North American distributor of metalworking and maintenance, repair and operations (MRO) products and services. The Company’s range of MRO products include cutting tools, measuring instruments, tooling components, metalworking products, fasteners, flat stock, 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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