MSC Industrial Direct (MSM) Releases Q2 Earnings Guidance

MSC Industrial Direct (NYSE:MSM) updated its second quarter earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $1.00-1.04 for the period, compared to the Thomson Reuters consensus estimate of $1.02. The company issued revenue guidance of $761-775 million, compared to the consensus revenue estimate of $771.66 million.

A number of research firms have weighed in on MSM. Susquehanna Bancshares restated a hold rating and issued a $92.00 price target on shares of MSC Industrial Direct in a research note on Wednesday, January 3rd. Zacks Investment Research upgraded MSC Industrial Direct from a hold rating to a buy rating and set a $108.00 price target on the stock in a research note on Wednesday, January 3rd. Credit Suisse Group restated an outperform rating and issued a $112.00 price target (up from $100.00) on shares of MSC Industrial Direct in a research note on Tuesday. Raymond James Financial restated an outperform rating and issued a $105.00 price target (up from $95.00) on shares of MSC Industrial Direct in a research note on Thursday, January 4th. They noted that the move was a valuation call. Finally, UBS Group cut MSC Industrial Direct from a strong-buy rating to an outperform rating in a research note on Thursday, January 4th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average target price of $93.42.

MSC Industrial Direct (MSM) opened at $97.70 on Wednesday. The stock has a market capitalization of $5,330.00, a PE ratio of 24.18, a price-to-earnings-growth ratio of 1.90 and a beta of 0.67. MSC Industrial Direct has a twelve month low of $65.42 and a twelve month high of $105.70. The company has a current ratio of 1.80, a quick ratio of 0.97 and a debt-to-equity ratio of 0.16.

MSC Industrial Direct (NYSE:MSM) last issued its quarterly earnings data on Wednesday, January 10th. The industrial products company reported $1.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.06 by ($0.01). The firm had revenue of $768.60 million for the quarter, compared to analysts’ expectations of $770.95 million. MSC Industrial Direct had a return on equity of 19.42% and a net margin of 8.01%. The business’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.95 EPS. sell-side analysts forecast that MSC Industrial Direct will post 4.45 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 30th. Shareholders of record on Tuesday, January 16th will be issued a dividend of $0.58 per share. This is a positive change from MSC Industrial Direct’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Friday, January 12th. This represents a $2.32 annualized dividend and a dividend yield of 2.37%. MSC Industrial Direct’s dividend payout ratio (DPR) is presently 47.52%.

In related news, EVP Steven N. Baruch sold 5,762 shares of the firm’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $81.25, for a total transaction of $468,162.50. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Mitchell Jacobson sold 13,582 shares of the firm’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $81.91, for a total value of $1,112,501.62. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 225,541 shares of company stock worth $18,264,812. Corporate insiders own 31.38% of the company’s stock.

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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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