MSC Industrial Direct (NYSE:MSM) Posts Quarterly Earnings Results, Beats Expectations By $0.04 EPS

MSC Industrial Direct (NYSE:MSM) posted its quarterly earnings data on Thursday. The industrial products company reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.04, RTT News reports. MSC Industrial Direct had a net margin of 6.21% and a return on equity of 17.80%. The company had revenue of $891.70 million during the quarter, compared to the consensus estimate of $908.30 million. During the same period in the previous year, the firm posted $1.18 EPS. The firm’s revenue was down 4.7% compared to the same quarter last year.

MSC Industrial Direct Stock Up 2.0 %

MSM opened at $79.38 on Thursday. The company has a market cap of $4.43 billion, a P/E ratio of 18.95 and a beta of 0.89. MSC Industrial Direct has a 12 month low of $72.79 and a 12 month high of $96.13. The business’s 50-day moving average price is $79.88 and its 200-day moving average price is $81.46. The company has a current ratio of 1.93, a quick ratio of 0.91 and a debt-to-equity ratio of 0.21.

MSC Industrial Direct Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 9th will be paid a dividend of $0.85 per share. The ex-dividend date is Wednesday, April 9th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 4.28%. MSC Industrial Direct’s dividend payout ratio (DPR) is currently 81.15%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Wolfe Research began coverage on MSC Industrial Direct in a research report on Thursday, January 16th. They set an “outperform” rating and a $95.00 price target on the stock. Stephens cut MSC Industrial Direct from an “overweight” rating to an “equal weight” rating and set a $85.00 price objective on the stock. in a report on Wednesday, December 4th. Seven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $83.80.

MSC Industrial Direct Company Profile

MSC Industrial Direct Co, Inc, together with its subsidiaries, distributes metalworking and maintenance, repair, and operations (MRO) products and services in the United States, Canada, Mexico, the United Kingdom, and internationally. The company's 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.