MSC Industrial Direct Company, Inc. (NYSE:MSM) – Investment analysts at Northcoast Research dropped their Q3 2018 earnings per share estimates for MSC Industrial Direct in a report issued on Wednesday. Northcoast Research analyst R. Cieslak now anticipates that the industrial products company will post earnings of $1.21 per share for the quarter, down from their prior estimate of $1.22. Northcoast Research currently has a “Neutral” rating on the stock. Northcoast Research also issued estimates for MSC Industrial Direct’s Q4 2018 earnings at $1.15 EPS.

Other analysts have also issued reports about the stock. Zacks Investment Research upgraded shares of MSC Industrial Direct from a “hold” rating to a “buy” rating and set a $81.00 target price on the stock in a research note on Thursday, September 21st. Credit Suisse Group set a $93.00 target price on shares of MSC Industrial Direct and gave the stock a “buy” rating in a research note on Friday, October 6th. Gabelli upgraded shares of MSC Industrial Direct from a “hold” rating to a “buy” rating and set a $94.00 target price on the stock in a research note on Friday, October 13th. TheStreet lowered shares of MSC Industrial Direct from a “b” rating to a “c+” rating in a research note on Wednesday, August 16th. Finally, Stifel Nicolaus restated a “hold” rating and set a $78.00 target price (down from $88.00) on shares of MSC Industrial Direct in a research note on Friday, July 14th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $89.29.

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Shares of MSC Industrial Direct (MSM) traded down $0.21 during midday trading on Monday, hitting $81.72. The stock had a trading volume of 200,473 shares, compared to its average volume of 577,072. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.97 and a current ratio of 1.80. MSC Industrial Direct has a fifty-two week low of $65.42 and a fifty-two week high of $105.70. The firm has a market cap of $4,610.00, a price-to-earnings ratio of 20.29, a price-to-earnings-growth ratio of 1.61 and a beta of 0.64.

MSC Industrial Direct (NYSE:MSM) last issued its quarterly earnings data on Tuesday, October 31st. The industrial products company reported $1.07 EPS for the quarter, beating the Zacks’ consensus estimate of $0.99 by $0.08. The business had revenue of $753.80 million for the quarter, compared to analyst estimates of $745.80 million. MSC Industrial Direct had a return on equity of 19.42% and a net margin of 8.01%. The firm’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.02 EPS.

Several hedge funds and other institutional investors have recently modified their holdings of MSM. American Century Companies Inc. lifted its holdings in shares of MSC Industrial Direct by 1,889.6% during the third quarter. American Century Companies Inc. now owns 2,099,225 shares of the industrial products company’s stock worth $158,638,000 after purchasing an additional 1,993,717 shares during the period. Alliancebernstein L.P. lifted its holdings in shares of MSC Industrial Direct by 267.2% during the second quarter. Alliancebernstein L.P. now owns 1,441,259 shares of the industrial products company’s stock worth $123,891,000 after purchasing an additional 1,048,714 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of MSC Industrial Direct by 26.2% during the second quarter. JPMorgan Chase & Co. now owns 3,124,573 shares of the industrial products company’s stock worth $268,588,000 after purchasing an additional 649,201 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of MSC Industrial Direct by 105.3% during the third quarter. Bank of New York Mellon Corp now owns 1,179,178 shares of the industrial products company’s stock worth $89,112,000 after purchasing an additional 604,873 shares during the period. Finally, Jennison Associates LLC lifted its holdings in shares of MSC Industrial Direct by 52.8% during the second quarter. Jennison Associates LLC now owns 912,001 shares of the industrial products company’s stock worth $78,396,000 after purchasing an additional 315,012 shares during the period. 74.12% of the stock is owned by hedge funds and other institutional investors.

In related news, Director Mitchell Jacobson sold 33,866 shares of the stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $82.39, for a total transaction of $2,790,219.74. Following the completion of the sale, the director now directly owns 35,932 shares of the company’s stock, valued at $2,960,437.48. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 31.28% of the company’s stock.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 28th. Stockholders of record on Tuesday, November 14th will be given a dividend of $0.48 per share. The ex-dividend date of this dividend is Monday, November 13th. This is a positive change from MSC Industrial Direct’s previous quarterly dividend of $0.45. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.35%. MSC Industrial Direct’s dividend payout ratio (DPR) is 44.55%.

About MSC Industrial Direct

MSC Industrial Direct Co, Inc is a North American distributor of metalworking and maintenance, repair and operations (MRO) products and services. The Company’s range of MRO products include cutting tools, measuring instruments, tooling components, metalworking products, fasteners, flat stock, raw materials, abrasives, machinery hand and power tools, safety and janitorial supplies, plumbing supplies, materials handling products, power transmission components and electrical supplies.

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

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