Zacks: Analysts expect MSC Industrial Direct Co., Inc. (NYSE: MSM) to post earnings of $1.24 per share
Brokers expect MSC Industrial Direct Co., Inc. (NYSE:MSM – Get Rating) to report earnings per share of $1.24 for the current quarter, according to Zacks Investment Research. Four analysts provided earnings estimates for MSC Industrial Direct. The highest EPS estimate is $1.26 and the lowest is $1.21. MSC Industrial Direct reported earnings of $1.03 per share in the same quarter last year, which would indicate a positive growth rate of 20.4% year-over-year. The company is expected to release its next quarterly earnings report on Wednesday, April 6.
On average, analysts expect MSC Industrial Direct to report full year earnings of $5.79 per share for the current fiscal year, with EPS estimates ranging from $5.64 to $6.00. For next year, analysts expect the company to post earnings of $6.10 per share, with EPS estimates ranging from $5.95 to $6.40. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts who track MSC Industrial Direct.
MSC Industrial Direct (NYSE:MSM – Get Rating) last reported quarterly results on Wednesday, December 22. The industrial products company reported earnings per share (EPS) of $1.25 for the quarter, beating the consensus estimate of $1.20 by $0.05. The company posted revenue of $848.50 million for the quarter, versus analyst estimates of $839.63 million. MSC Industrial Direct achieved a net margin of 7.37% and a return on equity of 24.06%. The company’s revenue increased 9.9% year over year. During the same period a year earlier, the company posted EPS of $1.10.
MSM has been the subject of a number of recent research reports. Zacks Investment Research downgraded MSC Industrial Direct from a “buy” rating to a “hold” rating in a Friday, Jan. 7 research note. TheStreet upgraded MSC Industrial Direct from a ‘c+’ to a ‘b’ rating in a report on Wednesday 10 November. Three equity research analysts gave the stock a hold rating and five gave the stock a buy rating. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $99.57.
In other news, Executive Vice President Steven N. Baruch sold 15,188 shares of MSC Industrial Direct in a trade that took place on Wednesday, February 2. The stock was sold at an average price of $83.95, for a total value of $1,275,032.60. The sale was disclosed in a document filed with the SEC, accessible via this link. Insiders hold 28.28% of the shares of the company.
A number of large investors have recently bought and sold shares of MSM. American Century Companies Inc. increased its position in MSC Industrial Direct by 10.2% in the fourth quarter. American Century Companies Inc. now owns 3,135,625 shares of the industrial products company valued at $263,581,000 after purchasing an additional 289,643 shares during the period. Morgan Stanley increased its stake in MSC Industrial Direct shares by 121.9% in the second quarter. Morgan Stanley now owns 432,308 shares of the industrial products company valued at $38,790,000 after buying an additional 237,520 shares last quarter. Epoch Investment Partners Inc. increased its stake in MSC Industrial Direct shares by 19.9% in the fourth quarter. Epoch Investment Partners Inc. now owns 1,365,309 shares of the industrial products company valued at $114,768,000 after purchasing an additional 226,310 shares last quarter. NN Investment Partners Holdings NV acquired a new stake in shares of MSC Industrial Direct in the fourth quarter valued at $18,457,000. Finally, Invesco Ltd. increased its stake in MSC Industrial Direct shares to 78.8% in the third quarter. Invesco Ltd. now owns 495,377 shares of the industrial products company valued at $39,725,000 after purchasing an additional 218,291 shares last quarter. Institutional investors hold 75.61% of the company’s shares.
Shares of MSC Industrial Direct rose $0.36 during Friday trading, hitting $79.51. 431,793 shares of the company were traded, against an average volume of 375,594. The company has a 50-day moving average price of $81.56 and a 200-day moving average price of $82.49. The company has a market capitalization of $4.44 billion, a PE ratio of 18.24 and a beta of 1.04. The company has a debt ratio of 0.47, a current ratio of 2.30 and a quick ratio of 1.24. MSC Industrial Direct has a 1 year minimum of $74.20 and a 1 year maximum of $96.23.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 25. Shareholders of record on Tuesday, January 11 received a dividend of $0.75. This represents an annualized dividend of $3.00 and a yield of 3.77%. The ex-dividend date was Monday, January 10. MSC Industrial Direct’s payout ratio is currently 68.81%.
MSC Industrial Direct Company Profile (Get a rating)
MSC Industrial Direct Co, Inc engages in the distribution of metalworking and maintenance, repair and operation products and services to manufacturing companies. Its products include cutting tools, measuring instruments, tooling components, metalworking, fasteners, flat stock, raw materials, abrasives, hand and power machine tools, safety and maintenance supplies, plumbing supplies, material handling products, power transmission components and electrical supplies.
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