Wall Street brokerages predict that MSC Industrial Direct Co., Inc. (NYSE:MSM – Get Rating) will post $954.12 million in sales for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for MSC Industrial Direct’s earnings. The lowest sales estimate is $921.51 million and the highest is $969.90 million. MSC Industrial Direct reported sales of $866.29 million during the same quarter last year, which indicates a positive year over year growth rate of 10.1%. The business is expected to issue its next quarterly earnings report on Monday, January 1st.
On average, analysts expect that MSC Industrial Direct will report full year sales of $3.66 billion for the current year, with estimates ranging from $3.59 billion to $3.70 billion. For the next fiscal year, analysts forecast that the firm will post sales of $3.82 billion, with estimates ranging from $3.67 billion to $3.90 billion. Zacks’ sales calculations are an average based on a survey of research firms that that provide coverage for MSC Industrial Direct.
MSC Industrial Direct (NYSE:MSM – Get Rating) last released its earnings results on Wednesday, March 30th. The industrial products company reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.06. The business had revenue of $862.50 million for the quarter, compared to analyst estimates of $856.03 million. MSC Industrial Direct had a net margin of 8.70% and a return on equity of 24.70%. MSC Industrial Direct’s revenue for the quarter was up 11.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.03 earnings per share.
In other news, EVP Steven N. Baruch sold 15,188 shares of the stock in a transaction on Wednesday, February 2nd. The shares were sold at an average price of $83.95, for a total value of $1,275,032.60. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Douglas E. Jones sold 31,635 shares of the stock in a transaction on Thursday, March 31st. The shares were sold at an average price of $86.00, for a total transaction of $2,720,610.00. The disclosure for this sale can be found here. 28.28% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in MSM. Norges Bank purchased a new stake in MSC Industrial Direct during the 4th quarter valued at $37,861,000. American Century Companies Inc. boosted its position in MSC Industrial Direct by 10.2% during the 4th quarter. American Century Companies Inc. now owns 3,135,625 shares of the industrial products company’s stock valued at $263,581,000 after buying an additional 289,643 shares during the period. Morgan Stanley boosted its position in MSC Industrial Direct by 121.9% during the 2nd quarter. Morgan Stanley now owns 432,308 shares of the industrial products company’s stock valued at $38,790,000 after buying an additional 237,520 shares during the period. Epoch Investment Partners Inc. boosted its position in MSC Industrial Direct by 19.9% during the 4th quarter. Epoch Investment Partners Inc. now owns 1,365,309 shares of the industrial products company’s stock valued at $114,768,000 after buying an additional 226,310 shares during the period. Finally, NN Investment Partners Holdings N.V. purchased a new stake in MSC Industrial Direct during the 4th quarter valued at $18,457,000. 75.61% of the stock is owned by institutional investors and hedge funds.
MSM opened at $85.02 on Monday. The company has a current ratio of 2.37, a quick ratio of 1.27 and a debt-to-equity ratio of 0.47. The company has a fifty day moving average price of $80.76 and a two-hundred day moving average price of $82.46. The company has a market cap of $4.75 billion, a P/E ratio of 16.07 and a beta of 1.06. MSC Industrial Direct has a 1-year low of $74.20 and a 1-year high of $96.23.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 26th. Investors of record on Tuesday, April 12th will be issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 3.53%. The ex-dividend date is Monday, April 11th. MSC Industrial Direct’s dividend payout ratio (DPR) is presently 56.71%.
MSC Industrial Direct Company Profile (Get Rating)
MSC Industrial Direct Co, Inc engages in the distribution of metalworking and maintenance, repair, and operations products and services to manufacturing companies. Its products include cutting tools, measuring instruments, tooling components, metalworking, fasteners, flat stock, 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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