Brokerages forecast that MSC Industrial Direct Co., Inc. (NYSE:MSM) will post sales of $846.11 million for the current quarter, Zacks reports. Six analysts have provided estimates for MSC Industrial Direct’s earnings. The highest sales estimate is $855.00 million and the lowest is $827.23 million. MSC Industrial Direct posted sales of $834.97 million in the same quarter last year, which suggests a positive year-over-year growth rate of 1.3%. The firm is scheduled to issue its next earnings report on Wednesday, July 14th.

On average, analysts expect that MSC Industrial Direct will report full-year sales of $3.22 billion for the current financial year, with estimates ranging from $3.20 billion to $3.23 billion. For the next fiscal year, analysts anticipate that the company will post sales of $3.40 billion, with estimates ranging from $3.35 billion to $3.47 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that cover MSC Industrial Direct.

MSC Industrial Direct (NYSE:MSM) last posted its quarterly earnings data on Tuesday, April 6th. The industrial products company reported $1.03 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.02 by $0.01. MSC Industrial Direct had a return on equity of 20.42% and a net margin of 7.14%. The company had revenue of $774.00 million during the quarter, compared to analyst estimates of $778.77 million. During the same quarter last year, the company earned $1.00 EPS. The firm’s revenue for the quarter was down 1.5% on a year-over-year basis.

MSM has been the topic of a number of recent analyst reports. Zacks Investment Research cut shares of MSC Industrial Direct from a “hold” rating to a “sell” rating in a report on Wednesday, April 7th. William Blair upgraded MSC Industrial Direct from a “market perform” rating to an “outperform” rating in a report on Tuesday, April 13th. Deutsche Bank Aktiengesellschaft upped their price objective on MSC Industrial Direct from $89.00 to $94.00 and gave the stock a “hold” rating in a research note on Tuesday, April 13th. TheStreet lowered MSC Industrial Direct from a “b” rating to a “c+” rating in a report on Wednesday, April 7th. Finally, Wells Fargo & Company upgraded MSC Industrial Direct from an “equal weight” rating to an “overweight” rating and set a $105.00 price objective on the stock in a research report on Wednesday, April 14th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $89.33.

MSC Industrial Direct stock traded up $0.74 during mid-day trading on Thursday, reaching $92.93. The stock had a trading volume of 196,368 shares, compared to its average volume of 443,497. The company has a market capitalization of $5.20 billion, a price-to-earnings ratio of 22.88 and a beta of 0.99. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.23 and a quick ratio of 1.22. MSC Industrial Direct has a one year low of $56.29 and a one year high of $93.92. The company has a 50-day moving average price of $89.74 and a two-hundred day moving average price of $83.87.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 27th. Stockholders of record on Tuesday, April 13th were paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 3.23%. The ex-dividend date of this dividend was Monday, April 12th. MSC Industrial Direct’s dividend payout ratio is currently 63.29%.

In related news, SVP Steve Armstrong sold 23,483 shares of the firm’s stock in a transaction on Wednesday, April 21st. The stock was sold at an average price of $90.10, for a total transaction of $2,115,818.30. Following the transaction, the senior vice president now directly owns 13,180 shares in the company, valued at $1,187,518. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Kari D. Heerdt sold 862 shares of the stock in a transaction on Thursday, April 29th. The stock was sold at an average price of $92.00, for a total value of $79,304.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 112,323 shares of company stock valued at $9,895,366. Corporate insiders own 28.44% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of MSM. Treasurer of the State of North Carolina boosted its position in shares of MSC Industrial Direct by 2.6% in the 1st quarter. Treasurer of the State of North Carolina now owns 16,850 shares of the industrial products company’s stock valued at $1,520,000 after purchasing an additional 430 shares during the period. State of Michigan Retirement System raised its stake in shares of MSC Industrial Direct by 3.6% during the 1st quarter. State of Michigan Retirement System now owns 17,288 shares of the industrial products company’s stock worth $1,559,000 after purchasing an additional 600 shares in the last quarter. Hussman Strategic Advisors Inc. raised its stake in shares of MSC Industrial Direct by 252.9% in the 1st quarter. Hussman Strategic Advisors Inc. now owns 36,000 shares of the industrial products company’s stock valued at $3,247,000 after acquiring an additional 25,800 shares in the last quarter. Meeder Asset Management Inc. raised its stake in shares of MSC Industrial Direct by 1,981.9% in the 1st quarter. Meeder Asset Management Inc. now owns 11,638 shares of the industrial products company’s stock valued at $1,048,000 after acquiring an additional 11,079 shares in the last quarter. Finally, Legacy Financial Advisors Inc. raised its stake in shares of MSC Industrial Direct by 20.5% in the 1st quarter. Legacy Financial Advisors Inc. now owns 5,497 shares of the industrial products company’s stock valued at $496,000 after acquiring an additional 935 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

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, Mexico, and the United Kingdom. Its MRO products include 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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