MSC Industrial Direct (MSM) Projected to Post Quarterly Earnings on Thursday

MSC Industrial Direct (NYSE:MSM - Get Free Report) is expected to announce its earnings results before the market opens on Thursday, April 3rd. Analysts expect the company to announce earnings of $0.69 per share and revenue of $908.30 million for the quarter. Persons that are interested in registering for the company's earnings conference call can do so using this link.

MSC Industrial Direct (NYSE:MSM - Get Free Report) last released its quarterly earnings data on Wednesday, January 8th. The industrial products company reported $0.86 EPS for the quarter, beating analysts' consensus estimates of $0.73 by $0.13. The business had revenue of $928.50 million during the quarter, compared to analysts' expectations of $904.90 million. MSC Industrial Direct had a net margin of 6.21% and a return on equity of 17.80%. The firm's quarterly revenue was down 2.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.25 EPS. On average, analysts expect MSC Industrial Direct to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

MSC Industrial Direct Trading Down 3.4 %

MSM stock traded down $2.72 during midday trading on Friday, hitting $77.77. 578,197 shares of the company's stock were exchanged, compared to its average volume of 616,364. MSC Industrial Direct has a one year low of $72.79 and a one year high of $96.75. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.91 and a current ratio of 1.93. The company has a market cap of $4.34 billion, a PE ratio of 18.56 and a beta of 0.90. The stock's fifty day moving average price is $80.14 and its 200-day moving average price is $81.50.

Remove Ads

MSC Industrial Direct Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 9th will be issued a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a dividend yield of 4.37%. The ex-dividend date is Wednesday, April 9th. MSC Industrial Direct's dividend payout ratio (DPR) is presently 81.15%.

Analysts Set New Price Targets

A number of analysts recently issued reports on MSM shares. Stephens cut MSC Industrial Direct from an "overweight" rating to an "equal weight" rating and set a $85.00 target price for the company. in a research note on Wednesday, December 4th. Wolfe Research started coverage on shares of MSC Industrial Direct in a report on Thursday, January 16th. They set an "outperform" rating and a $95.00 price objective on the stock. Seven research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, MSC Industrial Direct presently has a consensus rating of "Hold" and an average price target of $83.80.

MSC Industrial Direct Company Profile

MSC Industrial Direct Co, Inc, together with its subsidiaries, distributes metalworking and maintenance, repair, and operations (MRO) products and services in the United States, Canada, Mexico, the United Kingdom, and internationally. The company's 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.