MSC Industrial Direct (NYSE:MSM) Issues Q4 Earnings Guidance

MSC Industrial Direct (NYSE:MSM) issued an update on its fourth quarter earnings guidance on Wednesday morning. 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 $883.58 million.MSC Industrial Direct also updated its Q4 2019 guidance to $1.21-1.27 EPS.

MSM stock traded down $0.34 during trading on Friday, hitting $68.08. 507,450 shares of the company’s stock traded hands, compared to its average volume of 433,264. MSC Industrial Direct has a 52 week low of $67.25 and a 52 week high of $90.25. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.50 and a quick ratio of 1.35. The firm has a fifty day simple moving average of $72.25. The firm has a market capitalization of $3.97 billion, a PE ratio of 13.40, a price-to-earnings-growth ratio of 1.09 and a beta of 0.94.

MSC Industrial Direct (NYSE:MSM) last posted its earnings results on Wednesday, July 10th. The industrial products company reported $1.45 earnings per share for the quarter, missing the consensus estimate of $1.50 by ($0.05). The firm had revenue of $866.50 million for the quarter, compared to analysts’ expectations of $881.62 million. MSC Industrial Direct had a net margin of 8.79% and a return on equity of 21.08%. MSC Industrial Direct’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period last year, the firm earned $1.39 earnings per share. As a group, analysts expect that MSC Industrial Direct will post 5.28 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 6th. Stockholders of record on Tuesday, July 23rd will be issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 4.41%. This is a positive change from MSC Industrial Direct’s previous quarterly dividend of $0.63. The ex-dividend date is Monday, July 22nd. MSC Industrial Direct’s payout ratio is 59.06%.

Several analysts have commented on MSM shares. Wells Fargo & Co set a $70.00 price target on MSC Industrial Direct and gave the company a market perform rating in a report on Thursday, July 11th. BMO Capital Markets reduced their price target on MSC Industrial Direct from $90.00 to $86.00 and set a market perform rating on the stock in a research report on Thursday, April 11th. Buckingham Research reduced their price target on MSC Industrial Direct from $77.00 to $70.00 and set a neutral rating on the stock in a research report on Thursday, July 11th. Stephens set a $82.00 price target on MSC Industrial Direct and gave the stock a hold rating in a research report on Monday, July 8th. Finally, Robert W. Baird reduced their price target on MSC Industrial Direct from $88.00 to $84.00 and set a neutral rating on the stock in a research report on Thursday, April 11th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and an average target price of $80.70.

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.

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

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