Wall Street analysts expect that MSC Industrial Direct Co Inc (NYSE:MSM) will announce earnings per share (EPS) of $1.25 for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have issued estimates for MSC Industrial Direct’s earnings, with estimates ranging from $1.23 to $1.27. MSC Industrial Direct reported earnings of $1.29 per share during the same quarter last year, which indicates a negative year over year growth rate of 3.1%. The business is scheduled to issue its next quarterly earnings results on Tuesday, October 29th.

According to Zacks, analysts expect that MSC Industrial Direct will report full year earnings of $5.28 per share for the current year, with EPS estimates ranging from $5.23 to $5.55. For the next year, analysts anticipate that the firm will post earnings of $5.48 per share, with EPS estimates ranging from $5.20 to $5.95. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that follow MSC Industrial Direct.

MSC Industrial Direct (NYSE:MSM) last posted 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 company had revenue of $866.50 million for the quarter, compared to the consensus estimate of $881.62 million. During the same quarter in the previous year, the business earned $1.39 earnings per share. MSC Industrial Direct’s revenue was up 4.6% compared to the same quarter last year.

MSM has been the topic of several recent research reports. William Blair restated a “market perform” rating on shares of Luminex in a research report on Tuesday, May 7th. ValuEngine upgraded VESTAS WIND SYS/ADR from a “hold” rating to a “buy” rating in a report on Thursday, May 9th. Wells Fargo & Co set a $33.00 price objective on Matador Resources and gave the stock a “hold” rating in a report on Thursday, July 11th. BMO Capital Markets dropped their price objective on MSC Industrial Direct from $90.00 to $86.00 and set a “market perform” rating for the company in a report on Thursday, April 11th. Finally, Buckingham Research dropped their price objective on PJT Partners from $49.00 to $42.00 and set a “neutral” rating for the company in a report on Thursday, July 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. The company presently has an average rating of “Hold” and an average price target of $80.70.

MSM traded up $0.15 on Thursday, hitting $71.04. 3,921 shares of the company were exchanged, compared to its average volume of 563,252. The stock’s fifty day moving average price is $72.32. The company has a quick ratio of 1.35, a current ratio of 2.50 and a debt-to-equity ratio of 0.20. MSC Industrial Direct has a 12 month low of $67.25 and a 12 month high of $90.25. The company has a market capitalization of $3.96 billion, a PE ratio of 13.90, a PEG ratio of 1.09 and a beta of 0.95.

The firm also recently disclosed 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. The ex-dividend date is Monday, July 22nd. This represents a $3.00 annualized dividend and a yield of 4.22%. This is a boost from MSC Industrial Direct’s previous quarterly dividend of $0.63. MSC Industrial Direct’s dividend payout ratio (DPR) is 59.06%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MSM. Investors Research Corp purchased a new position in shares of MSC Industrial Direct in the 1st quarter valued at approximately $25,000. Steward Partners Investment Advisory LLC purchased a new position in shares of MSC Industrial Direct in the 2nd quarter valued at approximately $53,000. Quadrant Capital Group LLC lifted its stake in shares of MSC Industrial Direct by 1,212.1% in the 1st quarter. Quadrant Capital Group LLC now owns 761 shares of the industrial products company’s stock valued at $60,000 after purchasing an additional 703 shares during the period. PNC Financial Services Group Inc. lifted its stake in shares of MSC Industrial Direct by 25.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,151 shares of the industrial products company’s stock valued at $89,000 after purchasing an additional 231 shares during the period. Finally, NumerixS Investment Technologies Inc lifted its stake in shares of MSC Industrial Direct by 71.4% in the 1st quarter. NumerixS Investment Technologies Inc now owns 1,200 shares of the industrial products company’s stock valued at $98,000 after purchasing an additional 500 shares during the period. Institutional investors and hedge funds own 76.34% of the company’s stock.

MSC Industrial Direct Company Profile

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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