MSC Industrial Direct Co Inc (NYSE:MSM) – Research analysts at KeyCorp cut their Q4 2019 earnings per share (EPS) estimates for shares of MSC Industrial Direct in a research report issued to clients and investors on Wednesday, April 10th. KeyCorp analyst S. Barger now forecasts that the industrial products company will post earnings of $1.46 per share for the quarter, down from their prior estimate of $1.58. KeyCorp also issued estimates for MSC Industrial Direct’s Q2 2020 earnings at $1.31 EPS, Q3 2020 earnings at $1.55 EPS, Q4 2020 earnings at $1.52 EPS and FY2020 earnings at $5.80 EPS.
MSC Industrial Direct (NYSE:MSM) last announced its quarterly earnings data on Wednesday, April 10th. The industrial products company reported $1.24 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.26 by ($0.02). MSC Industrial Direct had a net margin of 8.88% and a return on equity of 21.20%. The firm had revenue of $823.00 million during the quarter, compared to analyst estimates of $826.98 million. During the same quarter in the previous year, the business posted $1.34 earnings per share.
Shares of MSM opened at $82.94 on Monday. MSC Industrial Direct has a twelve month low of $73.28 and a twelve month high of $95.83. The firm has a market capitalization of $4.55 billion, a PE ratio of 16.33, a PEG ratio of 1.46 and a beta of 0.86. The company has a current ratio of 2.19, a quick ratio of 1.18 and a debt-to-equity ratio of 0.20.
Several hedge funds and other institutional investors have recently bought and sold shares of MSM. Pearl River Capital LLC purchased a new position in MSC Industrial Direct during the 4th quarter worth $35,000. Trust Co. of Vermont grew its position in MSC Industrial Direct by 64.9% during the 4th quarter. Trust Co. of Vermont now owns 874 shares of the industrial products company’s stock worth $67,000 after purchasing an additional 344 shares during the last quarter. Quantamental Technologies LLC purchased a new position in MSC Industrial Direct during the 4th quarter worth $82,000. PNC Financial Services Group Inc. grew its position in MSC Industrial Direct by 25.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,151 shares of the industrial products company’s stock worth $89,000 after purchasing an additional 231 shares during the last quarter. Finally, ETF Managers Group LLC grew its position in MSC Industrial Direct by 17.8% during the 4th quarter. ETF Managers Group LLC now owns 1,450 shares of the industrial products company’s stock worth $112,000 after purchasing an additional 219 shares during the last quarter. 75.11% of the stock is currently owned by hedge funds and other institutional investors.
In related news, VP Charles Bonomo sold 601 shares of the stock in a transaction on Tuesday, January 29th. The shares were sold at an average price of $83.01, for a total value of $49,889.01. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Gregory Polli sold 12,736 shares of the stock in a transaction on Thursday, February 7th. The shares were sold at an average price of $82.60, for a total transaction of $1,051,993.60. The disclosure for this sale can be found here. Insiders sold a total of 19,810 shares of company stock worth $1,635,422 over the last ninety days. Insiders own 27.96% of the company’s stock.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 23rd. Investors of record on Tuesday, April 9th will be given a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date is Monday, April 8th. MSC Industrial Direct’s dividend payout ratio (DPR) is 49.61%.
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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