MSC Industrial Direct Co Inc (NYSE:MSM) – Analysts at Jefferies Financial Group dropped their FY2021 earnings estimates for MSC Industrial Direct in a research report issued on Wednesday, July 8th. Jefferies Financial Group analyst H. Mazari now anticipates that the industrial products company will post earnings per share of $4.41 for the year, down from their previous estimate of $4.63. Jefferies Financial Group also issued estimates for MSC Industrial Direct’s Q4 2021 earnings at $1.01 EPS, Q3 2022 earnings at $1.36 EPS and FY2022 earnings at $4.76 EPS.

Several other analysts have also recently issued reports on the company. Wells Fargo & Co upped their price objective on MSC Industrial Direct from $50.00 to $60.00 in a research note on Thursday, July 9th. ValuEngine lowered MSC Industrial Direct from a “hold” rating to a “sell” rating in a research report on Thursday, July 2nd. TheStreet raised shares of MSC Industrial Direct from a “c+” rating to a “b-” rating in a report on Tuesday, June 16th. Deutsche Bank lowered their target price on shares of MSC Industrial Direct from $79.00 to $76.00 and set a “hold” rating for the company in a research note on Thursday, July 9th. Finally, JPMorgan Chase & Co. raised their target price on shares of MSC Industrial Direct from $64.00 to $74.00 and gave the stock a “neutral” rating in a report on Tuesday, June 23rd. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $72.13.

Shares of MSC Industrial Direct stock opened at $64.89 on Monday. The firm has a market cap of $3.58 billion, a PE ratio of 13.58 and a beta of 1.00. MSC Industrial Direct has a 1 year low of $44.93 and a 1 year high of $79.87. The firm’s 50-day simple moving average is $70.72 and its 200-day simple moving average is $66.11. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.66 and a current ratio of 2.63.

MSC Industrial Direct (NYSE:MSM) last posted its quarterly earnings results on Wednesday, July 8th. The industrial products company reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.24. The firm had revenue of $834.97 million for the quarter, compared to analysts’ expectations of $835.02 million. MSC Industrial Direct had a net margin of 8.07% and a return on equity of 19.58%.

A number of hedge funds and other institutional investors have recently modified their holdings of MSM. AlphaCrest Capital Management LLC acquired a new stake in shares of MSC Industrial Direct during the first quarter worth $268,000. AQR Capital Management LLC lifted its position in shares of MSC Industrial Direct by 77.2% in the first quarter. AQR Capital Management LLC now owns 262,894 shares of the industrial products company’s stock worth $14,451,000 after purchasing an additional 114,528 shares in the last quarter. Advisor Group Inc. lifted its position in MSC Industrial Direct by 46.5% in the 4th quarter. Advisor Group Inc. now owns 5,117 shares of the industrial products company’s stock worth $402,000 after buying an additional 1,625 shares in the last quarter. Vident Investment Advisory LLC acquired a new stake in MSC Industrial Direct during the first quarter valued at $591,000. Finally, Wellington Management Group LLP lifted its holdings in shares of MSC Industrial Direct by 512.1% during the 1st quarter. Wellington Management Group LLP now owns 22,671 shares of the industrial products company’s stock valued at $1,246,000 after buying an additional 18,967 shares during the last quarter. 72.98% of the stock is owned by hedge funds and other institutional investors.

In other news, EVP Douglas E. Jones sold 3,697 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $60.00, for a total value of $221,820.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Edward F. Martin, Jr. sold 653 shares of the stock in a transaction that occurred on Thursday, July 9th. The shares were sold at an average price of $64.79, for a total transaction of $42,307.87. The disclosure for this sale can be found here. Insiders own 28.75% of the company’s stock.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 28th. Shareholders of record on Tuesday, July 14th will be paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 4.62%. The ex-dividend date is Monday, July 13th. MSC Industrial Direct’s payout ratio is currently 56.71%.

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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