MSC Industrial Direct (NYSE:MSM - Get Free Report) announced its quarterly earnings results on Thursday. The industrial products company reported $0.72 earnings per share for the quarter, beating analysts' consensus estimates of $0.68 by $0.04, RTT News reports. MSC Industrial Direct had a return on equity of 17.80% and a net margin of 6.21%. The firm had revenue of $891.70 million for the quarter, compared to analysts' expectations of $908.30 million. During the same period in the prior year, the business posted $1.18 earnings per share. The business's revenue was down 4.7% compared to the same quarter last year.
MSC Industrial Direct Trading Up 1.3 %
MSM stock traded up $0.90 during trading on Tuesday, hitting $71.05. The company had a trading volume of 362,825 shares, compared to its average volume of 622,959. The stock has a market cap of $3.97 billion, a price-to-earnings ratio of 16.91 and a beta of 0.89. The company has a quick ratio of 0.91, a current ratio of 1.93 and a debt-to-equity ratio of 0.21. The firm has a 50-day moving average price of $79.24 and a 200-day moving average price of $81.23. MSC Industrial Direct has a 12 month low of $68.10 and a 12 month high of $95.88.
MSC Industrial Direct Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 9th will be paid a dividend of $0.85 per share. The ex-dividend date is Wednesday, April 9th. This represents a $3.40 annualized dividend and a dividend yield of 4.79%. MSC Industrial Direct's dividend payout ratio (DPR) is currently 89.71%.
Wall Street Analyst Weigh In
Several equities research analysts have recently weighed in on the stock. Robert W. Baird lowered their target price on shares of MSC Industrial Direct from $90.00 to $84.00 and set a "neutral" rating on the stock in a report on Friday. Wolfe Research assumed coverage on shares of MSC Industrial Direct in a research note on Thursday, January 16th. They set an "outperform" rating and a $95.00 price objective on the stock. Finally, Loop Capital dropped their price objective on shares of MSC Industrial Direct from $83.00 to $74.00 and set a "hold" rating for the company in a report on Friday. Seven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, MSC Industrial Direct has a consensus rating of "Hold" and a consensus target price of $82.20.
Check Out Our Latest Analysis on MSM
MSC Industrial Direct Company Profile
(
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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.
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