MSC Industrial Direct Co Inc (NYSE:MSM) – Investment analysts at KeyCorp dropped their Q4 2020 earnings estimates for shares of MSC Industrial Direct in a report released on Wednesday, July 8th. KeyCorp analyst S. Barger now expects that the industrial products company will post earnings of $0.93 per share for the quarter, down from their previous forecast of $1.05. KeyCorp has a “Overweight” rating and a $82.00 price objective on the stock. KeyCorp also issued estimates for MSC Industrial Direct’s Q1 2021 earnings at $0.97 EPS, Q2 2021 earnings at $1.10 EPS, Q3 2021 earnings at $1.36 EPS and Q4 2021 earnings at $1.09 EPS.

Other equities analysts have also recently issued reports about the stock. JPMorgan Chase & Co. boosted their price target on shares of MSC Industrial Direct from $64.00 to $74.00 and gave the company a “neutral” rating in a report on Tuesday, June 23rd. ValuEngine cut shares of MSC Industrial Direct from a “hold” rating to a “sell” rating in a report on Thursday, July 2nd. Wells Fargo & Co boosted their price target on shares of MSC Industrial Direct from $50.00 to $60.00 in a report on Thursday, July 9th. Zacks Investment Research upgraded shares of MSC Industrial Direct from a “hold” rating to a “buy” rating and set a $77.00 price target on the stock in a report on Wednesday, June 3rd. Finally, Deutsche Bank lowered their price target on shares of MSC Industrial Direct from $79.00 to $76.00 and set a “hold” rating on the stock in a report on Thursday, July 9th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $72.13.

MSC Industrial Direct stock opened at $64.89 on Monday. The company’s fifty day simple moving average is $70.72 and its 200-day simple moving average is $66.11. The company has a quick ratio of 1.66, a current ratio of 2.63 and a debt-to-equity ratio of 0.51. MSC Industrial Direct has a 12 month low of $44.93 and a 12 month high of $79.87. The stock has a market cap of $3.58 billion, a P/E ratio of 13.58 and a beta of 1.00.

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

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

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

Institutional investors have recently added to or reduced their stakes in the business. Aigen Investment Management LP acquired a new position in shares of MSC Industrial Direct during the first quarter valued at about $26,000. Van ECK Associates Corp raised its position in shares of MSC Industrial Direct by 89.9% during the first quarter. Van ECK Associates Corp now owns 526 shares of the industrial products company’s stock valued at $29,000 after buying an additional 249 shares during the last quarter. Signaturefd LLC raised its position in shares of MSC Industrial Direct by 559.1% during the first quarter. Signaturefd LLC now owns 580 shares of the industrial products company’s stock valued at $32,000 after buying an additional 492 shares during the last quarter. Citizens Financial Group Inc RI raised its position in shares of MSC Industrial Direct by 90.5% during the first quarter. Citizens Financial Group Inc RI now owns 663 shares of the industrial products company’s stock valued at $37,000 after buying an additional 315 shares during the last quarter. Finally, FinTrust Capital Advisors LLC acquired a new position in shares of MSC Industrial Direct during the first quarter valued at about $69,000. 72.98% of the stock is owned by hedge funds and other institutional investors.

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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