MSC Industrial Direct Co Inc (NYSE:MSM) – Research analysts at KeyCorp dropped their FY2019 earnings per share estimates for MSC Industrial Direct in a research report issued on Wednesday, July 10th. KeyCorp analyst S. Barger now anticipates that the industrial products company will post earnings of $5.23 per share for the year, down from their previous estimate of $5.49. KeyCorp also issued estimates for MSC Industrial Direct’s Q4 2019 earnings at $1.23 EPS, Q1 2020 earnings at $1.35 EPS, Q2 2020 earnings at $1.27 EPS, Q3 2020 earnings at $1.45 EPS and FY2020 earnings at $5.30 EPS.

Several other research analysts have also recently issued reports on MSM. ValuEngine raised shares of VESTAS WIND SYS/ADR from a “hold” rating to a “buy” rating in a report on Thursday, May 9th. Wells Fargo & Co set a $70.00 price target on shares of MSC Industrial Direct and gave the stock a “market perform” rating in a report on Thursday. William Blair reissued a “market perform” rating on shares of Luminex in a report on Tuesday, May 7th. Buckingham Research cut their price target on shares of PJT Partners from $49.00 to $42.00 and set a “neutral” rating for the company in a report on Thursday. Finally, Zacks Investment Research raised shares of SCHNEIDER ELEC /ADR from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a report on Friday, July 5th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company’s stock. MSC Industrial Direct has a consensus rating of “Hold” and a consensus target price of $80.70.

NYSE MSM opened at $72.55 on Friday. The stock has a market capitalization of $3.92 billion, a PE ratio of 14.28, a P/E/G ratio of 1.32 and a beta of 0.94. MSC Industrial Direct has a 52-week low of $67.25 and a 52-week high of $90.25. The business’s 50-day moving average price is $72.39. The company has a quick ratio of 1.18, a current ratio of 2.50 and a debt-to-equity ratio of 0.20.

MSC Industrial Direct (NYSE:MSM) last posted its quarterly earnings results on Wednesday, July 10th. The industrial products company reported $1.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.50 by ($0.05). The firm had revenue of $866.50 million for the quarter, compared to analysts’ expectations of $881.62 million. MSC Industrial Direct had a return on equity of 21.08% and a net margin of 8.79%. The company’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same period in the prior year, the company earned $1.39 earnings per share.

A number of institutional investors and hedge funds have recently modified their holdings of MSM. Investors Research Corp acquired a new position in MSC Industrial Direct during the first quarter worth about $25,000. Quadrant Capital Group LLC grew its position in MSC Industrial Direct by 1,212.1% during the first quarter. Quadrant Capital Group LLC now owns 761 shares of the industrial products company’s stock worth $60,000 after buying an additional 703 shares during the period. PNC Financial Services Group Inc. grew its position in MSC Industrial Direct by 25.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,151 shares of the industrial products company’s stock worth $89,000 after buying an additional 231 shares during the period. NumerixS Investment Technologies Inc grew its position in shares of MSC Industrial Direct by 71.4% in the first quarter. NumerixS Investment Technologies Inc now owns 1,200 shares of the industrial products company’s stock valued at $98,000 after purchasing an additional 500 shares during the last quarter. Finally, ETF Managers Group LLC grew its position in shares of MSC Industrial Direct by 9.8% in the first quarter. ETF Managers Group LLC now owns 1,592 shares of the industrial products company’s stock valued at $132,000 after purchasing an additional 142 shares during the last quarter. Institutional investors own 76.11% of the company’s stock.

In other MSC Industrial Direct news, EVP Douglas E. Jones sold 2,126 shares of the company’s stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of $83.50, for a total transaction of $177,521.00. Following the transaction, the executive vice president now directly owns 7,496 shares in the company, valued at $625,916. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Steven N. Baruch sold 5,404 shares of the company’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $82.00, for a total transaction of $443,128.00. The disclosure for this sale can be found here. Corporate insiders own 27.96% of the company’s stock.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 6th. Shareholders of record on Tuesday, July 23rd will be given a dividend of $0.75 per share. This is a positive change from MSC Industrial Direct’s previous quarterly dividend of $0.63. This represents a $3.00 annualized dividend and a yield of 4.14%. The ex-dividend date of this dividend is Monday, July 22nd. MSC Industrial Direct’s dividend payout ratio is presently 49.61%.

MSC Industrial Direct Company Profile

MSC Industrial Direct Co, Inc, together with its subsidiaries, distributes metalworking and maintenance, repair, and operations (MRO) products 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 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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Earnings History and Estimates for MSC Industrial Direct (NYSE:MSM)

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