MSC Industrial Direct Company, Inc. (NYSE:MSM) – Equities researchers at KeyCorp upped their Q2 2017 earnings per share estimates for shares of MSC Industrial Direct Company in a research report issued to clients and investors on Wednesday. KeyCorp analyst R. Cieslak now anticipates that the brokerage will post earnings per share of $0.90 for the quarter, up from their previous estimate of $0.86. KeyCorp currently has a “Overweight” rating and a $97.00 target price on the stock. KeyCorp also issued estimates for MSC Industrial Direct Company’s Q3 2017 earnings at $1.08 EPS, FY2017 earnings at $3.95 EPS and FY2018 earnings at $4.40 EPS.

MSC Industrial Direct Company (NYSE:MSM) last announced its quarterly earnings data on Wednesday, January 11th. The company reported $0.95 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.93 by $0.02. The business had revenue of $686.30 million for the quarter. MSC Industrial Direct Company had a net margin of 8.10% and a return on equity of 18.33%. MSC Industrial Direct Company’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.89 EPS.

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Earnings History and Estimates for MSC Industrial Direct Company (NYSE:MSM)

A number of other equities analysts have also recently commented on the stock. Zacks Investment Research raised shares of MSC Industrial Direct Company from a “hold” rating to a “buy” rating and set a $103.00 price target for the company in a research note on Wednesday, January 4th. Stephens raised shares of MSC Industrial Direct Company from an “equal weight” rating to an “overweight” rating and set a $102.00 price target for the company in a research note on Monday, November 21st. William Blair raised shares of MSC Industrial Direct Company from a “market perform” rating to an “outperform” rating in a research note on Monday, December 5th. Raymond James Financial, Inc. cut shares of MSC Industrial Direct Company from an “outperform” rating to a “market perform” rating in a research note on Monday, December 5th. Finally, Citigroup Inc. cut shares of MSC Industrial Direct Company to a “market perform” rating in a research note on Monday, December 5th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $86.50.

Shares of MSC Industrial Direct Company (NYSE:MSM) traded down 0.90% during midday trading on Friday, reaching $98.73. 404,225 shares of the company’s stock were exchanged. The stock’s 50 day moving average price is $92.55 and its 200 day moving average price is $78.26. MSC Industrial Direct Company has a 12-month low of $56.92 and a 12-month high of $100.84. The company has a market cap of $5.57 billion, a price-to-earnings ratio of 25.76 and a beta of 0.57.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 24th. Investors of record on Tuesday, January 10th will be issued a dividend of $0.45 per share. The ex-dividend date is Friday, January 6th. This represents a $1.80 dividend on an annualized basis and a yield of 1.81%. MSC Industrial Direct Company’s payout ratio is 47.12%.

In other news, EVP Douglas E. Jones sold 999 shares of the business’s stock in a transaction dated Friday, November 18th. The shares were sold at an average price of $84.17, for a total value of $84,085.83. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Charles Bonomo sold 4,042 shares of the business’s stock in a transaction dated Thursday, November 17th. The shares were sold at an average price of $84.00, for a total transaction of $339,528.00. The disclosure for this sale can be found here. Corporate insiders own 31.28% of the company’s stock.

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Large investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in MSC Industrial Direct Company by 6.4% in the second quarter. Vanguard Group Inc. now owns 4,022,932 shares of the company’s stock valued at $283,858,000 after buying an additional 241,877 shares in the last quarter. JPMorgan Chase & Co. raised its stake in MSC Industrial Direct Company by 14.7% in the third quarter. JPMorgan Chase & Co. now owns 3,255,911 shares of the company’s stock valued at $239,016,000 after buying an additional 417,834 shares in the last quarter. BlackRock Fund Advisors raised its stake in MSC Industrial Direct Company by 5.2% in the second quarter. BlackRock Fund Advisors now owns 1,650,663 shares of the company’s stock valued at $116,471,000 after buying an additional 81,178 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in MSC Industrial Direct Company by 1.0% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 1,424,698 shares of the company’s stock valued at $100,527,000 after buying an additional 14,336 shares in the last quarter. Finally, Schroder Investment Management Group raised its stake in MSC Industrial Direct Company by 24.5% in the third quarter. Schroder Investment Management Group now owns 1,390,984 shares of the company’s stock valued at $102,112,000 after buying an additional 274,176 shares in the last quarter. Institutional investors and hedge funds own 83.18% of the company’s stock.

About MSC Industrial Direct Company

MSC Industrial Direct Co, Inc is a North American distributor of metalworking and maintenance, repair and operations (MRO) products and services. The Company’s range of MRO products include cutting tools, measuring instruments, tooling components, metalworking products, 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.

5 Day Chart for NYSE:MSM

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