Wall Street analysts expect MSC Industrial Direct Co Inc (NYSE:MSM) to report earnings of $1.28 per share for the current quarter, Zacks reports. Four analysts have issued estimates for MSC Industrial Direct’s earnings. The highest EPS estimate is $1.30 and the lowest is $1.24. MSC Industrial Direct posted earnings of $1.07 per share in the same quarter last year, which would suggest a positive year over year growth rate of 19.6%. The firm is expected to announce its next quarterly earnings report on Tuesday, October 30th.

On average, analysts expect that MSC Industrial Direct will report full-year earnings of $5.06 per share for the current year, with EPS estimates ranging from $5.02 to $5.09. For the next fiscal year, analysts forecast that the company will report earnings of $5.90 per share, with EPS estimates ranging from $5.55 to $6.15. Zacks’ EPS calculations are an average based on a survey of analysts that that provide coverage for MSC Industrial Direct.

MSC Industrial Direct (NYSE:MSM) last posted its quarterly earnings results on Wednesday, July 11th. The industrial products company reported $1.39 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.39. MSC Industrial Direct had a net margin of 10.16% and a return on equity of 21.08%. The company had revenue of $828.30 million during the quarter, compared to the consensus estimate of $834.43 million. During the same period last year, the firm earned $1.09 EPS. The company’s revenue for the quarter was up 11.3% on a year-over-year basis.

A number of equities research analysts have recently issued reports on the stock. ValuEngine downgraded shares of MSC Industrial Direct from a “hold” rating to a “sell” rating in a research report on Monday, July 2nd. Zacks Investment Research downgraded shares of MSC Industrial Direct from a “hold” rating to a “sell” rating in a research report on Tuesday, September 11th. BMO Capital Markets reduced their price target on shares of MSC Industrial Direct from $104.00 to $92.00 and set a “market perform” rating for the company in a research report on Thursday, July 12th. Wells Fargo & Co reduced their price target on shares of MSC Industrial Direct from $95.00 to $87.00 and set a “market perform” rating for the company in a research report on Thursday, July 12th. Finally, Northcoast Research set a $95.00 price target on shares of MSC Industrial Direct and gave the company a “buy” rating in a research report on Friday, July 13th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company’s stock. MSC Industrial Direct has an average rating of “Hold” and an average price target of $101.23.

In other MSC Industrial Direct news, Director Denis F. Kelly sold 1,500 shares of MSC Industrial Direct stock in a transaction that occurred on Tuesday, August 21st. The shares were sold at an average price of $88.43, for a total value of $132,645.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Gregory Polli sold 8,696 shares of MSC Industrial Direct stock in a transaction that occurred on Thursday, July 26th. The stock was sold at an average price of $82.38, for a total transaction of $716,376.48. The disclosure for this sale can be found here. Insiders own 31.38% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in MSM. Macquarie Group Ltd. purchased a new stake in MSC Industrial Direct in the 2nd quarter worth approximately $110,000. Asset Management One Co. Ltd. purchased a new stake in MSC Industrial Direct in the 1st quarter worth approximately $191,000. Quantbot Technologies LP purchased a new stake in MSC Industrial Direct in the 1st quarter worth approximately $199,000. CHICAGO TRUST Co NA purchased a new stake in MSC Industrial Direct in the 2nd quarter worth approximately $218,000. Finally, Nomura Holdings Inc. purchased a new stake in MSC Industrial Direct in the 2nd quarter worth approximately $219,000. 75.19% of the stock is owned by hedge funds and other institutional investors.

Shares of MSM stock traded down $1.62 during midday trading on Monday, reaching $87.00. 313,100 shares of the company traded hands, compared to its average volume of 603,621. MSC Industrial Direct has a 1-year low of $72.51 and a 1-year high of $99.94. The company has a current ratio of 2.11, a quick ratio of 1.14 and a debt-to-equity ratio of 0.18. The company has a market cap of $5.01 billion, a price-to-earnings ratio of 21.48, a PEG ratio of 1.10 and a beta of 0.53.

About MSC Industrial Direct

MSC Industrial Direct Co, Inc, together with its subsidiaries, distributes various ranges of metalworking and maintenance, repair, and operations (MRO) products primarily in the United States, Canada, and the United Kingdom. The company's MRO products comprise 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.

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