MSC Industrial Direct Company, Inc. (MSM) Updates Q1 Earnings Guidance

MSC Industrial Direct Company, Inc. (NYSE:MSM) issued an update on its first quarter earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $1.03-1.07 for the period, compared to the Thomson Reuters consensus estimate of $1.02. The company issued revenue guidance of $762-776 million, compared to the consensus revenue estimate of $758.68 million.

MSC Industrial Direct Company, Inc. (MSM) traded up 2.31% during mid-day trading on Tuesday, hitting $81.34. The company had a trading volume of 117,550 shares. The stock has a 50 day moving average price of $75.45 and a 200-day moving average price of $78.69. MSC Industrial Direct Company, Inc. has a 1-year low of $65.42 and a 1-year high of $105.70. The stock has a market capitalization of $4.63 billion, a PE ratio of 20.28 and a beta of 0.53.

MSC Industrial Direct (NYSE:MSM) last released its quarterly earnings results on Tuesday, October 31st. The industrial products company reported $1.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.00 by $0.07. 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 analysts’ expectations of $745.80 million. During the same period last year, the company earned $1.02 EPS. The firm’s revenue for the quarter was up 1.2% compared to the same quarter last year. On average, analysts forecast that MSC Industrial Direct Company, Inc. will post $3.97 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 28th. Investors of record on Tuesday, November 14th will be issued a $0.48 dividend. This is a positive change from MSC Industrial Direct’s previous quarterly dividend of $0.45. This represents a $1.92 annualized dividend and a yield of 2.42%. The ex-dividend date of this dividend is Monday, November 13th. MSC Industrial Direct’s payout ratio is 45.11%.

MSM has been the topic of a number of research reports. BidaskClub cut MSC Industrial Direct from a sell rating to a strong sell rating in a report on Friday, July 28th. Credit Suisse Group set a $93.00 target price on MSC Industrial Direct and gave the stock a buy rating in a report on Friday, October 6th. Robert W. Baird restated a neutral rating and set a $85.00 target price (down previously from $92.00) on shares of MSC Industrial Direct in a report on Thursday, July 13th. Stifel Nicolaus restated a hold rating and set a $78.00 target price (down previously from $88.00) on shares of MSC Industrial Direct in a report on Friday, July 14th. Finally, Zacks Investment Research cut MSC Industrial Direct from a buy rating to a hold rating in a report on Friday, July 14th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of Hold and a consensus target price of $88.38.

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MSC Industrial Direct Company Profile

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.

Earnings History and Estimates for MSC Industrial Direct (NYSE:MSM)

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