MSC Industrial Direct (NYSE:MSM) updated its fourth quarter 2019 earnings guidance on Wednesday. The company provided earnings per share guidance of $1.21-1.27 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.48. The company issued revenue guidance of $835-851 million, compared to the consensus revenue estimate of $883.56 million.MSC Industrial Direct also updated its Q4 guidance to $1.21-1.27 EPS.

Several research firms have weighed in on MSM. William Blair reissued a market perform rating on shares of Luminex in a research note on Tuesday, May 7th. Raymond James reissued a hold rating on shares of PrairieSky Royalty in a research note on Thursday. Gordon Haskett lowered MSC Industrial Direct from a buy rating to a hold rating and set a $72.02 target price on the stock. in a research note on Monday, June 10th. Robert W. Baird increased their target price on Atlassian from $110.00 to $120.00 and gave the company an outperform rating in a research note on Thursday, April 11th. Finally, BMO Capital Markets cut their target price on MSC Industrial Direct from $90.00 to $86.00 and set a market perform rating on the stock in a research note on Thursday, April 11th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of $80.70.

Shares of MSC Industrial Direct stock opened at $72.55 on Friday. MSC Industrial Direct has a 1 year low of $67.25 and a 1 year high of $90.25. The stock has a 50-day simple moving average of $72.39. The company has a market capitalization of $3.92 billion, a P/E ratio of 13.39, a P/E/G ratio of 1.32 and a beta of 0.94. The company has a quick ratio of 1.18, a current ratio of 2.50 and a debt-to-equity ratio of 0.20.

MSC Industrial Direct (NYSE:MSM) last announced its quarterly earnings results on Wednesday, July 10th. The industrial products company reported $1.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.50 by ($0.05). MSC Industrial Direct had a return on equity of 21.08% and a net margin of 8.79%. The business had revenue of $866.50 million during the quarter, compared to the consensus estimate of $881.62 million. During the same quarter last year, the company earned $1.39 earnings per share. The firm’s revenue was up 4.6% compared to the same quarter last year. On average, equities research analysts expect that MSC Industrial Direct will post 5.4 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 6th. Shareholders of record on Tuesday, July 23rd will be issued a $0.75 dividend. This is an increase from MSC Industrial Direct’s previous quarterly dividend of $0.63. This represents a $3.00 annualized dividend and a dividend yield of 4.14%. The ex-dividend date of this dividend is Monday, July 22nd. MSC Industrial Direct’s dividend payout ratio is 49.61%.

In related news, EVP Douglas E. Jones sold 2,126 shares of the stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $83.50, for a total transaction of $177,521.00. Following the completion of the transaction, the executive vice president now directly owns 7,496 shares in the company, valued at $625,916. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Steven N. Baruch sold 5,404 shares of the stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $82.00, for a total value of $443,128.00. The disclosure for this sale can be found here. 27.96% of the stock is owned by corporate insiders.

About MSC Industrial Direct

MSC Industrial Direct Co, Inc, together with its subsidiaries, distributes metalworking and maintenance, repair, and operations (MRO) products in the United States, Canada, and the United Kingdom. The company's MRO products comprise 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.

Further Reading: Capital Gains

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

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