MSC Industrial Direct (NYSE:MSM) Announces Earnings Results, Beats Estimates By $0.04 EPS

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

MSC Industrial Direct Price Performance

Shares of NYSE MSM opened at $79.38 on Thursday. The firm has a market capitalization of $4.43 billion, a P/E ratio of 18.95 and a beta of 0.89. The company has a quick ratio of 0.91, a current ratio of 1.93 and a debt-to-equity ratio of 0.21. The stock’s 50-day simple moving average is $79.88 and its two-hundred day simple moving average is $81.46. MSC Industrial Direct has a twelve month low of $72.79 and a twelve month high of $96.13.

MSC Industrial Direct Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 9th will be given a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a yield of 4.28%. The ex-dividend date of this dividend is Wednesday, April 9th. MSC Industrial Direct’s payout ratio is 81.15%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on MSM. Stephens cut MSC Industrial Direct from an “overweight” rating to an “equal weight” rating and set a $85.00 price target for the company. in a research report on Wednesday, December 4th. Wolfe Research started coverage on MSC Industrial Direct in a report on Thursday, January 16th. They set an “outperform” rating and a $95.00 target price for the company. Seven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target 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.