MSC Industrial Direct (MSM) Projected to Post Earnings on Thursday

MSC Industrial Direct (NYSE:MSM) is expected to be issuing its quarterly earnings data before the market opens on Thursday, April 3rd. Analysts expect MSC Industrial Direct to post earnings of $0.69 per share and revenue of $908.30 million for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

MSC Industrial Direct (NYSE:MSM) last posted its quarterly earnings results on Wednesday, January 8th. The industrial products company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.73 by $0.13. The business had revenue of $928.50 million during the quarter, compared to analyst estimates of $904.90 million. MSC Industrial Direct had a net margin of 6.21% and a return on equity of 17.80%. The company’s quarterly revenue was down 2.7% on a year-over-year basis. During the same period in the previous year, the business posted $1.25 EPS. On average, analysts expect MSC Industrial Direct to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

MSC Industrial Direct Price Performance

MSM opened at $77.66 on Tuesday. 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 company’s 50-day moving average price is $80.06 and its 200 day moving average price is $81.49. MSC Industrial Direct has a fifty-two week low of $72.79 and a fifty-two week high of $96.75. The firm has a market cap of $4.34 billion, a price-to-earnings ratio of 18.53 and a beta of 0.90.

MSC Industrial Direct Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 9th will be given a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a dividend yield of 4.38%. The ex-dividend date of this dividend is Wednesday, April 9th. MSC Industrial Direct’s payout ratio is 81.15%.

Analyst Upgrades and Downgrades

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

About MSC Industrial Direct

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.