MSC Industrial Direct Co Inc (NYSE:MSM) – Research analysts at KeyCorp lowered their Q4 2020 EPS estimates for shares of MSC Industrial Direct in a report released on Wednesday, July 10th. KeyCorp analyst S. Barger now expects that the industrial products company will post earnings per share of $1.23 for the quarter, down from their prior forecast of $1.52.

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

A number of other analysts also recently commented on the stock. Zacks Investment Research raised shares of SCHNEIDER ELEC /ADR from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a report on Friday, July 5th. Gordon Haskett downgraded shares of MSC Industrial Direct from a “buy” rating to a “hold” rating and set a $72.02 price objective on the stock. in a report on Monday, June 10th. ValuEngine raised shares of VESTAS WIND SYS/ADR from a “hold” rating to a “buy” rating in a report on Thursday, May 9th. Raymond James reissued a “hold” rating on shares of PrairieSky Royalty in a report on Thursday, July 11th. Finally, Buckingham Research decreased their price objective on shares of PJT Partners from $49.00 to $42.00 and set a “neutral” rating on the stock in a report on Thursday, July 11th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $80.70.

Shares of NYSE:MSM opened at $72.67 on Monday. The stock has a market capitalization of $4.00 billion, a P/E ratio of 14.31, a price-to-earnings-growth ratio of 1.36 and a beta of 0.95. The company has a 50-day moving average price of $72.40. The company has a current ratio of 2.50, a quick ratio of 1.35 and a debt-to-equity ratio of 0.20. MSC Industrial Direct has a fifty-two week low of $67.25 and a fifty-two week high of $90.25.

A number of institutional investors and hedge funds have recently made changes to their positions in MSM. Investors Research Corp acquired a new position in MSC Industrial Direct during the first quarter worth about $25,000. Quadrant Capital Group LLC raised 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 acquiring an additional 703 shares during the last quarter. PNC Financial Services Group Inc. raised 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 acquiring an additional 231 shares during the last quarter. NumerixS Investment Technologies Inc raised its position in MSC Industrial Direct by 71.4% during the first quarter. NumerixS Investment Technologies Inc now owns 1,200 shares of the industrial products company’s stock worth $98,000 after acquiring an additional 500 shares during the last quarter. Finally, ETF Managers Group LLC raised its position in MSC Industrial Direct by 9.8% during the first quarter. ETF Managers Group LLC now owns 1,592 shares of the industrial products company’s stock worth $132,000 after acquiring an additional 142 shares during the last quarter. Institutional investors own 76.01% of the company’s stock.

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

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 6th. Investors of record on Tuesday, July 23rd will be issued a dividend of $0.75 per share. The ex-dividend date is Monday, July 22nd. This represents a $3.00 dividend on an annualized basis and a yield of 4.13%. This is an increase from MSC Industrial Direct’s previous quarterly dividend of $0.63. MSC Industrial Direct’s payout ratio is currently 49.61%.

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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