Brokerages predict that MSC Industrial Direct Co Inc (NYSE:MSM) will post $767.83 million in sales for the current quarter, according to Zacks. Five analysts have provided estimates for MSC Industrial Direct’s earnings. The lowest sales estimate is $764.00 million and the highest is $771.00 million. MSC Industrial Direct reported sales of $703.78 million during the same quarter last year, which would suggest a positive year over year growth rate of 9.1%. The business is expected to issue its next earnings report on Thursday, April 5th.

On average, analysts expect that MSC Industrial Direct will report full year sales of $767.83 million for the current year, with estimates ranging from $3.15 billion to $3.25 billion. For the next fiscal year, analysts anticipate that the company will post sales of $3.38 billion per share, with estimates ranging from $3.31 billion to $3.45 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that follow MSC Industrial Direct.

MSC Industrial Direct (NYSE:MSM) last posted its quarterly earnings results on Wednesday, January 10th. The industrial products company reported $1.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.01). The company had revenue of $768.60 million during the quarter, compared to analysts’ expectations of $770.95 million. MSC Industrial Direct had a net margin of 7.97% and a return on equity of 19.37%. MSC Industrial Direct’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same quarter last year, the company earned $0.95 earnings per share.

Several brokerages recently weighed in on MSM. Zacks Investment Research upgraded MSC Industrial Direct from a “hold” rating to a “buy” rating and set a $110.00 price objective for the company in a research report on Wednesday, January 10th. Stephens set a $114.00 price objective on MSC Industrial Direct and gave the stock a “buy” rating in a research report on Wednesday, January 10th. Susquehanna Bancshares reiterated a “hold” rating and issued a $92.00 price objective on shares of MSC Industrial Direct in a research report on Wednesday, January 3rd. TheStreet upgraded MSC Industrial Direct from a “c+” rating to a “b-” rating in a research report on Tuesday, November 28th. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $105.00 price objective (up from $95.00) on shares of MSC Industrial Direct in a research report on Thursday, January 4th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $95.92.

In other news, VP Charles Bonomo sold 14,946 shares of the stock in a transaction on Thursday, January 25th. The stock was sold at an average price of $98.79, for a total value of $1,476,515.34. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Rustom Jilla sold 2,500 shares of the stock in a transaction on Thursday, January 25th. The shares were sold at an average price of $99.00, for a total value of $247,500.00. The disclosure for this sale can be found here. Insiders have sold 961,530 shares of company stock worth $88,445,139 over the last 90 days. 31.38% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. raised its stake in shares of MSC Industrial Direct by 5.1% in the third quarter. JPMorgan Chase & Co. now owns 3,284,345 shares of the industrial products company’s stock valued at $246,031,000 after acquiring an additional 159,772 shares in the last quarter. American Century Companies Inc. raised its stake in MSC Industrial Direct by 1,889.6% in the third quarter. American Century Companies Inc. now owns 2,099,225 shares of the industrial products company’s stock valued at $158,638,000 after buying an additional 1,993,717 shares in the last quarter. State Street Corp raised its stake in MSC Industrial Direct by 1.6% in the second quarter. State Street Corp now owns 1,222,773 shares of the industrial products company’s stock valued at $105,113,000 after buying an additional 19,302 shares in the last quarter. Bank of New York Mellon Corp raised its stake in MSC Industrial Direct by 105.3% in the third quarter. Bank of New York Mellon Corp now owns 1,179,178 shares of the industrial products company’s stock valued at $89,112,000 after buying an additional 604,873 shares in the last quarter. Finally, Schroder Investment Management Group raised its stake in MSC Industrial Direct by 52.7% in the third quarter. Schroder Investment Management Group now owns 964,486 shares of the industrial products company’s stock valued at $72,250,000 after buying an additional 332,893 shares in the last quarter. Institutional investors and hedge funds own 75.25% of the company’s stock.

MSC Industrial Direct (MSM) opened at $90.61 on Wednesday. The firm has a market capitalization of $5,158.38, a P/E ratio of 21.89, a P/E/G ratio of 1.34 and a beta of 0.59. MSC Industrial Direct has a 52-week low of $65.42 and a 52-week high of $105.70. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.92 and a quick ratio of 1.04.

MSC Industrial Direct declared that its board has approved a share repurchase program on Wednesday, January 10th that permits the company to buyback 2,000,000 outstanding shares. This buyback authorization permits the industrial products company to purchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s leadership believes its shares are undervalued.

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 30th. Shareholders of record on Tuesday, January 16th were paid a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 2.56%. This is a boost from MSC Industrial Direct’s previous quarterly dividend of $0.48. The ex-dividend date was Friday, January 12th. MSC Industrial Direct’s dividend payout ratio is 56.04%.

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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.

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

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