MSC Industrial Direct (NYSE:MSM) Issues Q2 Earnings Guidance

MSC Industrial Direct (NYSE:MSM) issued an update on its second quarter earnings guidance on Wednesday morning. The company provided EPS guidance of $0.97-1.03 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.13. The company issued revenue guidance of $781-798 million, compared to the consensus revenue estimate of $812.79 million.MSC Industrial Direct also updated its Q2 2020
Pre-Market guidance to 0.97-1.03 EPS.

Shares of NYSE:MSM traded up $1.19 during midday trading on Thursday, hitting $78.14. The company’s stock had a trading volume of 110,743 shares, compared to its average volume of 703,919. The stock has a market capitalization of $4.26 billion, a price-to-earnings ratio of 14.77, a PEG ratio of 1.06 and a beta of 0.94. The stock’s 50 day simple moving average is $75.78 and its 200 day simple moving average is $72.45. MSC Industrial Direct has a fifty-two week low of $64.59 and a fifty-two week high of $86.87. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.56 and a current ratio of 2.90.

MSC Industrial Direct (NYSE:MSM) last issued its quarterly earnings results on Wednesday, January 8th. The industrial products company reported $1.21 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.17 by $0.04. MSC Industrial Direct had a return on equity of 19.67% and a net margin of 8.35%. The company had revenue of $823.60 million for the quarter, compared to the consensus estimate of $820.84 million. During the same period last year, the business posted $1.33 earnings per share. The firm’s revenue was down 1.0% compared to the same quarter last year. As a group, analysts anticipate that MSC Industrial Direct will post 4.86 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 5th. Investors of record on Wednesday, January 22nd will be given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 3.84%. The ex-dividend date of this dividend is Tuesday, January 21st. MSC Industrial Direct’s dividend payout ratio (DPR) is presently 56.71%.

A number of equities research analysts have weighed in on the company. Zacks Investment Research downgraded MSC Industrial Direct from a hold rating to a sell rating in a report on Friday, January 10th. Raymond James downgraded MSC Industrial Direct from a market perform rating to an underperform rating in a report on Thursday, November 7th. Stephens set a $76.00 price objective on MSC Industrial Direct and gave the company a hold rating in a report on Friday, October 25th. Buckingham Research cut their target price on shares of MSC Industrial Direct from $70.00 to $69.00 and set a neutral rating for the company in a research note on Tuesday, October 8th. Finally, Wells Fargo & Co set a $60.00 target price on shares of MSC Industrial Direct and gave the company a sell rating in a research note on Friday, October 25th. Three investment analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. The company currently has a consensus rating of Hold and an average price target of $75.56.

In related news, CFO Rustom Jilla sold 1,900 shares of the company’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $75.00, for a total value of $142,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold a total of 58,702 shares of company stock valued at $4,467,141 in the last three months. 28.75% of the stock is owned by company 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.

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

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