Equities analysts predict that MSC Industrial Direct Company, Inc. (NYSE:MSM) will report $771.43 million in sales for the current fiscal quarter, according to Zacks Investment Research. Six analysts have made estimates for MSC Industrial Direct’s earnings, with estimates ranging from $769.00 million to $774.80 million. MSC Industrial Direct posted sales of $686.27 million during the same quarter last year, which suggests a positive year-over-year growth rate of 12.4%. The company is scheduled to announce its next earnings report on Wednesday, January 10th.

According to Zacks, analysts expect that MSC Industrial Direct will report full year sales of $771.43 million for the current year, with estimates ranging from $3.02 billion to $3.26 billion. For the next financial year, analysts anticipate that the firm will report sales of $3.40 billion per share, with estimates ranging from $3.29 billion to $3.46 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow MSC Industrial Direct.

MSC Industrial Direct (NYSE:MSM) last announced its earnings results on Tuesday, October 31st. The industrial products company reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.08. The company had revenue of $753.80 million during the quarter, compared to analysts’ expectations of $745.80 million. MSC Industrial Direct had a net margin of 8.01% and a return on equity of 19.42%. The firm’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.02 earnings per share.

MSM has been the subject of a number of research reports. Northcoast Research initiated coverage on shares of MSC Industrial Direct in a research report on Tuesday, July 25th. They set a “neutral” rating for the company. BidaskClub cut shares of MSC Industrial Direct from a “sell” rating to a “strong sell” rating in a research report on Friday, July 28th. Zacks Investment Research upgraded shares of MSC Industrial Direct from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd. J P Morgan Chase & Co cut shares of MSC Industrial Direct from an “overweight” rating to a “neutral” rating and cut their target price for the stock from $80.00 to $76.00 in a research report on Friday, August 4th. Finally, TheStreet cut shares of MSC Industrial Direct from a “b” rating to a “c+” rating in a research report on Wednesday, August 16th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $89.29.

In related news, Director Mitchell Jacobson sold 13,582 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $81.91, for a total value of $1,112,501.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 31.28% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MSM. American Century Companies Inc. grew its stake in MSC Industrial Direct by 1,889.6% during the third quarter. American Century Companies Inc. now owns 2,099,225 shares of the industrial products company’s stock worth $158,638,000 after buying an additional 1,993,717 shares during the period. Alliancebernstein L.P. grew its stake in MSC Industrial Direct by 267.2% during the second quarter. Alliancebernstein L.P. now owns 1,441,259 shares of the industrial products company’s stock worth $123,891,000 after buying an additional 1,048,714 shares during the period. JPMorgan Chase & Co. grew its stake in MSC Industrial Direct by 26.2% during the second quarter. JPMorgan Chase & Co. now owns 3,124,573 shares of the industrial products company’s stock worth $268,588,000 after buying an additional 649,201 shares during the period. Bank of New York Mellon Corp grew its stake in MSC Industrial Direct by 105.3% during the third quarter. Bank of New York Mellon Corp now owns 1,179,178 shares of the industrial products company’s stock worth $89,112,000 after buying an additional 604,873 shares during the period. Finally, Schroder Investment Management Group grew its stake in MSC Industrial Direct by 52.7% during the third quarter. Schroder Investment Management Group now owns 964,486 shares of the industrial products company’s stock worth $72,250,000 after buying an additional 332,893 shares during the period. Institutional investors own 74.12% of the company’s stock.

Shares of MSC Industrial Direct (MSM) traded up $0.43 on Friday, reaching $80.40. 536,800 shares of the company’s stock were exchanged, compared to its average volume of 608,539. The company has a current ratio of 1.80, a quick ratio of 0.97 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $4,533.84, a PE ratio of 19.90, a P/E/G ratio of 1.58 and a beta of 0.64. MSC Industrial Direct has a one year low of $65.42 and a one year high of $105.70.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 28th. Investors of record on Tuesday, November 14th will be issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 2.39%. This is an increase from MSC Industrial Direct’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Monday, November 13th. MSC Industrial Direct’s payout ratio is presently 44.55%.

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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.

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Earnings History and Estimates for MSC Industrial Direct (NYSE:MSM)

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