$1.24 EPS Expected for MSC Industrial Direct Co Inc (NYSE:MSM) This Quarter

Wall Street brokerages expect MSC Industrial Direct Co Inc (NYSE:MSM) to report earnings per share (EPS) of $1.24 for the current quarter, according to Zacks. Eight analysts have made 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 would suggest a negative year over year growth rate of 3.9%. The firm is scheduled to announce its next earnings results on Tuesday, October 29th.

On average, analysts expect that MSC Industrial Direct will report full year earnings of $5.24 per share for the current fiscal year, with EPS estimates ranging from $5.21 to $5.27. For the next financial year, analysts expect that the firm will report earnings of $5.42 per share, with EPS estimates ranging from $5.20 to $5.75. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that follow MSC Industrial Direct.

MSC Industrial Direct (NYSE:MSM) last issued its quarterly earnings data on Wednesday, July 10th. The industrial products company reported $1.45 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 for the quarter, compared to analysts’ expectations of $881.62 million. During the same period in the previous year, the business posted $1.39 earnings per share. The company’s revenue for the quarter was up 4.6% on a year-over-year basis.

Several research analysts have issued reports on MSM shares. Gordon Haskett downgraded shares of MSC Industrial Direct from a “buy” rating to a “hold” rating and set a $72.02 price objective on the stock. in a research report on Monday, June 10th. Raymond James cut shares of MSC Industrial Direct from an “outperform” rating to a “market perform” rating in a research note on Thursday. Zacks Investment Research upgraded shares of MSC Industrial Direct from a “sell” rating to a “hold” rating in a research note on Thursday. Buckingham Research reduced their target price on shares of MSC Industrial Direct from $77.00 to $70.00 and set a “neutral” rating for the company in a research note on Thursday, July 11th. Finally, Wells Fargo & Co set a $70.00 target price on shares of MSC Industrial Direct and gave the stock a “market perform” rating in a research note on Thursday, July 11th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $80.70.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. ETF Managers Group LLC lifted its stake in shares of MSC Industrial Direct by 9.8% in the first quarter. ETF Managers Group LLC now owns 1,592 shares of the industrial products company’s stock valued at $132,000 after purchasing an additional 142 shares during the period. Lowe Brockenbrough & Co. Inc. lifted its stake in shares of MSC Industrial Direct by 1.3% in the first quarter. Lowe Brockenbrough & Co. Inc. now owns 11,360 shares of the industrial products company’s stock valued at $940,000 after purchasing an additional 147 shares during the period. Haverford Trust Co. lifted its stake in shares of MSC Industrial Direct by 3.1% in the second quarter. Haverford Trust Co. now owns 5,040 shares of the industrial products company’s stock valued at $374,000 after purchasing an additional 150 shares during the period. Advisory Services Network LLC lifted its stake in shares of MSC Industrial Direct by 2.1% in the second quarter. Advisory Services Network LLC now owns 7,446 shares of the industrial products company’s stock valued at $553,000 after purchasing an additional 156 shares during the period. Finally, Mason Street Advisors LLC lifted its stake in shares of MSC Industrial Direct by 0.9% in the first quarter. Mason Street Advisors LLC now owns 24,008 shares of the industrial products company’s stock valued at $1,986,000 after purchasing an additional 224 shares during the period. Hedge funds and other institutional investors own 75.36% of the company’s stock.

Shares of MSC Industrial Direct stock opened at $71.99 on Friday. MSC Industrial Direct has a 1 year low of $64.59 and a 1 year high of $90.25. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.35 and a current ratio of 2.50. The company has a market capitalization of $3.96 billion, a P/E ratio of 13.50, a PEG ratio of 1.06 and a beta of 0.91. The company’s fifty day moving average is $68.76 and its two-hundred day moving average is $75.50.

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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