MSC Industrial Direct (MSM) Scheduled to Post Quarterly Earnings on Thursday

MSC Industrial Direct (NYSE:MSM) will issue its quarterly earnings data before the market opens on Thursday, October 24th. Analysts expect the company to announce earnings of $1.08 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

MSC Industrial Direct Trading Up 0.3 %

NYSE:MSM opened at $82.68 on Thursday. The firm has a 50-day moving average price of $81.84 and a two-hundred day moving average price of $84.97. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.92 and a current ratio of 2.01. MSC Industrial Direct has a 52 week low of $75.05 and a 52 week high of $105.77. The firm has a market cap of $4.64 billion, a price-to-earnings ratio of 16.05 and a beta of 0.86.

MSC Industrial Direct Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th will be paid a dividend of $0.85 per share. The ex-dividend date is Wednesday, November 13th. This represents a $3.40 annualized dividend and a dividend yield of 4.11%. This is a positive change from MSC Industrial Direct’s previous quarterly dividend of $0.83. MSC Industrial Direct’s dividend payout ratio (DPR) is presently 66.02%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on MSM shares. Loop Capital decreased their price target on shares of MSC Industrial Direct from $80.00 to $75.00 and set a “hold” rating for the company in a research note on Wednesday, July 3rd. JPMorgan Chase & Co. decreased their price target on shares of MSC Industrial Direct from $81.00 to $80.00 and set a “neutral” rating for the company in a research note on Wednesday, July 3rd. Finally, Robert W. Baird lifted their price objective on shares of MSC Industrial Direct from $84.00 to $91.00 and gave the company a “neutral” rating in a research note on Wednesday. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $91.60.

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.