MSC Industrial Direct (MSM) Updates Q2 2019 Earnings Guidance

MSC Industrial Direct (NYSE:MSM) issued an update on its second quarter 2019 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $1.22-1.28 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.37. The company issued revenue guidance of $817-833 million, compared to the consensus revenue estimate of $836.88 million.MSC Industrial Direct also updated its Q2 guidance to $1.22-1.28 EPS.

MSC Industrial Direct stock opened at $76.87 on Thursday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.28 and a current ratio of 2.34. MSC Industrial Direct has a one year low of $73.28 and a one year high of $99.74. The firm has a market cap of $4.30 billion, a P/E ratio of 15.13, a price-to-earnings-growth ratio of 0.87 and a beta of 0.77.

MSC Industrial Direct (NYSE:MSM) last released its quarterly earnings data on Wednesday, January 9th. The industrial products company reported $1.33 EPS for the quarter, beating the consensus estimate of $1.32 by $0.01. MSC Industrial Direct had a return on equity of 21.36% and a net margin of 10.28%. The company had revenue of $831.60 million for the quarter, compared to analysts’ expectations of $830.60 million. During the same period last year, the firm posted $1.05 earnings per share. MSC Industrial Direct’s revenue was up 8.2% compared to the same quarter last year. As a group, equities analysts anticipate that MSC Industrial Direct will post 5.9 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 22nd. Investors of record on Tuesday, January 8th will be given a dividend of $0.63 per share. The ex-dividend date is Monday, January 7th. This represents a $2.52 annualized dividend and a dividend yield of 3.28%. MSC Industrial Direct’s dividend payout ratio (DPR) is presently 49.61%.

MSM has been the topic of several recent analyst reports. Buckingham Research initiated coverage on MSC Industrial Direct in a research report on Friday, October 12th. They set a neutral rating and a $89.00 price objective on the stock. Gordon Haskett started coverage on MSC Industrial Direct in a research report on Friday, October 12th. They issued a buy rating on the stock. Zacks Investment Research raised MSC Industrial Direct from a hold rating to a buy rating and set a $97.00 target price on the stock in a research report on Wednesday, September 26th. Wells Fargo & Co dropped their target price on MSC Industrial Direct from $87.00 to $85.00 and set a market perform rating on the stock in a research report on Friday, December 21st. Finally, Jefferies Financial Group started coverage on MSC Industrial Direct in a research report on Monday. They issued a buy rating and a $92.00 target price on the stock. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of Hold and an average price target of $98.42.

In other news, CFO Rustom Jilla sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, November 7th. The stock was sold at an average price of $87.50, for a total value of $218,750.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP David Wright sold 5,404 shares of the firm’s stock in a transaction dated Thursday, November 15th. The stock was sold at an average price of $89.00, for a total value of $480,956.00. The disclosure for this sale can be found here. 27.96% of the stock is owned by company insiders.

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

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