MSC Industrial Direct (NYSE:MSM) announced its quarterly earnings results on Wednesday. The industrial products company reported $1.40 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.16 by $0.24, MarketWatch Earnings reports. The firm had revenue of $834.97 million for the quarter, compared to analysts’ expectations of $835.02 million. MSC Industrial Direct had a return on equity of 19.58% and a net margin of 8.07%.
NYSE MSM opened at $64.64 on Friday. MSC Industrial Direct has a 52 week low of $44.93 and a 52 week high of $79.87. The company has a quick ratio of 0.94, a current ratio of 2.63 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $3.56 billion, a P/E ratio of 13.08 and a beta of 1.00. The stock’s 50-day moving average price is $70.80 and its 200-day moving average price is $66.40.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 28th. Investors of record on Tuesday, July 14th will be given a dividend of $0.75 per share. The ex-dividend date is Monday, July 13th. This represents a $3.00 annualized dividend and a yield of 4.64%. MSC Industrial Direct’s dividend payout ratio (DPR) is presently 56.71%.
In other news, SVP Edward F. Martin, Jr. sold 653 shares of the business’s stock in a transaction dated Thursday, July 9th. The stock was sold at an average price of $64.79, for a total value of $42,307.87. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Douglas E. Jones sold 3,697 shares of the stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $60.00, for a total value of $221,820.00. The disclosure for this sale can be found here. Corporate insiders own 28.75% of the company’s stock.
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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