MSC Industrial Direct (NYSE:MSM) updated its fourth quarter 2019 earnings guidance on Wednesday. The company provided earnings per share guidance of $1.21-1.27 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.48. The company issued revenue guidance of $835-851 million, compared to the consensus revenue estimate of $883.56 million.MSC Industrial Direct also updated its Q4 guidance to $1.21-1.27 EPS.

A number of brokerages have recently commented on MSM. Buckingham Research cut their price target on PJT Partners from $49.00 to $42.00 and set a neutral rating for the company in a report on Thursday. William Blair reiterated a market perform rating on shares of Luminex in a report on Tuesday, May 7th. ValuEngine upgraded VESTAS WIND SYS/ADR from a hold rating to a buy rating in a report on Thursday, May 9th. Gordon Haskett lowered MSC Industrial Direct from a buy rating to a hold rating and set a $72.02 price target for the company. in a report on Monday, June 10th. Finally, BMO Capital Markets cut their price target on MSC Industrial Direct from $90.00 to $86.00 and set a market perform rating for the company in a report on Thursday, April 11th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of $80.70.

MSM opened at $72.55 on Friday. The company has a market capitalization of $3.92 billion, a PE ratio of 13.39, a PEG ratio of 1.32 and a beta of 0.94. The company has a current ratio of 2.50, a quick ratio of 1.18 and a debt-to-equity ratio of 0.20. MSC Industrial Direct has a 1 year low of $67.25 and a 1 year high of $90.25. The company’s 50 day moving average price is $72.39.

MSC Industrial Direct (NYSE:MSM) last released its quarterly earnings data on Wednesday, July 10th. The industrial products company reported $1.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.50 by ($0.05). The firm had revenue of $866.50 million for the quarter, compared to the consensus estimate of $881.62 million. MSC Industrial Direct had a net margin of 8.79% and a return on equity of 21.08%. The business’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.39 earnings per share. Analysts anticipate that MSC Industrial Direct will post 5.4 earnings per share for the current year.

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

In other MSC Industrial Direct news, EVP Steven N. Baruch sold 5,404 shares of the company’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $82.00, for a total value of $443,128.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Douglas E. Jones sold 2,126 shares of the company’s stock in a transaction on Wednesday, April 24th. The shares were sold at an average price of $83.50, for a total value of $177,521.00. Following the completion of the sale, the executive vice president now owns 7,496 shares in the company, valued at $625,916. The disclosure for this sale can be found here. Insiders own 27.96% of the company’s stock.

About MSC Industrial Direct

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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