MSC Industrial Direct (NYSE:MSM) released its quarterly earnings data on Tuesday. The industrial products company reported $1.10 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.02, MarketWatch Earnings reports. MSC Industrial Direct had a return on equity of 19.38% and a net margin of 7.87%. The business had revenue of $771.90 million for the quarter, compared to analyst estimates of $771.54 million. During the same period last year, the firm posted $1.21 earnings per share. MSC Industrial Direct’s revenue was down 6.3% compared to the same quarter last year.
MSM traded up $0.33 during midday trading on Thursday, hitting $83.65. 5,272 shares of the company’s stock traded hands, compared to its average volume of 896,952. MSC Industrial Direct has a one year low of $44.93 and a one year high of $87.84. The company has a market cap of $4.65 billion, a PE ratio of 18.32 and a beta of 1.01. The company has a debt-to-equity ratio of 0.38, a current ratio of 3.03 and a quick ratio of 1.70. The stock’s fifty day simple moving average is $84.71 and its 200-day simple moving average is $72.09.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 26th. Investors of record on Tuesday, January 12th will be given a $0.75 dividend. The ex-dividend date is Monday, January 11th. This represents a $3.00 dividend on an annualized basis and a yield of 3.59%. MSC Industrial Direct’s dividend payout ratio is presently 63.29%.
Several research analysts have issued reports on the company. KeyCorp boosted their target price on MSC Industrial Direct from $82.00 to $96.00 and gave the company an “overweight” rating in a research report on Monday, November 23rd. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of MSC Industrial Direct from $75.00 to $92.00 and gave the stock a “hold” rating in a research note on Wednesday, December 16th. BidaskClub lowered shares of MSC Industrial Direct from a “buy” rating to a “hold” rating in a research report on Thursday. Wells Fargo & Company lifted their price objective on MSC Industrial Direct from $80.00 to $90.00 and gave the company an “equal weight” rating in a report on Thursday. Finally, Raymond James upgraded MSC Industrial Direct from an “underperform” rating to a “market perform” rating in a research note on Wednesday, October 28th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $81.88.
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, Mexico, and the United Kingdom. Its MRO products include 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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