Equities badysts predict that MSC Industrial Direct Company, Inc. (NYSE:MSM) will report $771.43 million in gross sales for the present fiscal quarter, in accordance with Zacks Investment Research. Six badysts have made estimates for MSC Industrial Direct’s earnings, with estimates starting from $769.00 million to $774.80 million. MSC Industrial Direct posted gross sales of $686.27 million throughout the identical quarter final 12 months, which suggests a constructive year-over-year development charge of 12.four%. The firm is scheduled to announce its subsequent earnings report on Wednesday, January 10th.
According to Zacks, badysts anticipate that MSC Industrial Direct will report full 12 months gross sales of $771.43 million for the present 12 months, with estimates starting from $three.02 billion to $three.26 billion. For the subsequent monetary 12 months, badysts anticipate that the agency will report gross sales of $three.40 billion per share, with estimates starting from $three.29 billion to $three.46 billion. Zacks Investment Research’s gross sales averages are a imply common primarily based on a survey of badysis badysts that observe MSC Industrial Direct.
MSC Industrial Direct (NYSE:MSM) final introduced its earnings outcomes on Tuesday, October 31st. The industrial merchandise firm reported $1.07 earnings per share (EPS) for the quarter, topping badysts’ consensus estimates of $zero.99 by $zero.08. The firm had income of $753.80 million throughout the quarter, in comparison with badysts’ expectations of $745.80 million. MSC Industrial Direct had a internet margin of eight.01% and a return on fairness of 19.42%. The agency’s quarterly income was up 1.2% in comparison with the identical quarter final 12 months. During the identical quarter within the earlier 12 months, the enterprise posted $1.02 earnings per share.
MSM has been the topic of various badysis experiences. Northcoast Research initiated protection on shares of MSC Industrial Direct in a badysis report on Tuesday, July 25th. They set a “neutral” score for the corporate. BidaskClub lower shares of MSC Industrial Direct from a “sell” score to a “strong sell” score in a badysis report on Friday, July 28th. Zacks Investment Research upgraded shares of MSC Industrial Direct from a “sell” score to a “hold” score in a badysis report on Thursday, August third. J P Morgan Chase & Co lower shares of MSC Industrial Direct from an “overweight” score to a “neutral” score and lower their goal worth for the inventory from $80.00 to $76.00 in a badysis report on Friday, August 4th. Finally, TheAvenue lower shares of MSC Industrial Direct from a “b” score to a “c+” score in a badysis report on Wednesday, August 16th. Two badysis badysts have rated the inventory with a promote score, eleven have badigned a maintain score and 5 have issued a purchase score to the corporate’s inventory. The inventory presently has a mean score of “Hold” and a mean worth goal of $89.29.
In badociated information, Director Mitchell Jacobson offered 13,582 shares of the enterprise’s inventory in a transaction that occurred on Monday, November sixth. The shares have been offered at a mean worth of $81.91, for a complete worth of $1,112,501.62. The transaction was disclosed in a submitting with the Securities & Exchange Commission, which is accessible via this hyperlink. 31.28% of the inventory is presently owned by insiders.
Quite a lot of institutional buyers and hedge funds have not too long ago added to or lowered their stakes in MSM. American Century Companies Inc. grew its stake in MSC Industrial Direct by 1,889.6% throughout the third quarter. American Century Companies Inc. now owns 2,099,225 shares of the economic merchandise firm’s inventory price $158,638,000 after shopping for a further 1,993,717 shares throughout the interval. Alliancebernstein L.P. grew its stake in MSC Industrial Direct by 267.2% throughout the second quarter. Alliancebernstein L.P. now owns 1,441,259 shares of the economic merchandise firm’s inventory price $123,891,000 after shopping for a further 1,048,714 shares throughout the interval. JPMorgan Chase & Co. grew its stake in MSC Industrial Direct by 26.2% throughout the second quarter. JPMorgan Chase & Co. now owns three,124,573 shares of the economic merchandise firm’s inventory price $268,588,000 after shopping for a further 649,201 shares throughout the interval. Bank of New York Mellon Corp grew its stake in MSC Industrial Direct by 105.three% throughout the third quarter. Bank of New York Mellon Corp now owns 1,179,178 shares of the economic merchandise firm’s inventory price $89,112,000 after shopping for a further 604,873 shares throughout the interval. Finally, Schroder Investment Management Group grew its stake in MSC Industrial Direct by 52.7% throughout the third quarter. Schroder Investment Management Group now owns 964,486 shares of the economic merchandise firm’s inventory price $72,250,000 after shopping for a further 332,893 shares throughout the interval. Institutional buyers personal 74.12% of the corporate’s inventory.
Shares of MSC Industrial Direct (MSM) traded up $zero.43 on Friday, reaching $80.40. 536,800 shares of the corporate’s inventory have been exchanged, in comparison with its common quantity of 608,539. The firm has a present ratio of 1.80, a fast ratio of zero.97 and a debt-to-equity ratio of zero.16. The agency has a market capitalization of $four,533.84, a PE ratio of 19.90, a P/E/G ratio of 1.58 and a beta of zero.64. MSC Industrial Direct has a one 12 months low of $65.42 and a one 12 months excessive of $105.70.
The enterprise additionally not too long ago introduced a quarterly dividend, which might be paid on Tuesday, November 28th. Investors of file on Tuesday, November 14th might be issued a $zero.48 dividend. This represents a $1.92 dividend on an annualized foundation and a yield of two.39%. This is a rise from MSC Industrial Direct’s earlier quarterly dividend of $zero.45. The ex-dividend date of this dividend is Monday, November 13th. MSC Industrial Direct’s payout ratio is presently 44.55%.
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MSC Industrial Direct Company Profile
MSC Industrial Direct Co, Inc is a North American distributor of metalworking and upkeep, restore and operations (MRO) services and products. The Company’s vary of MRO merchandise embody chopping instruments, measuring devices, tooling parts, metalworking merchandise, fasteners, flat inventory, uncooked supplies, abrasives, equipment hand and energy instruments, security and janitorial provides, plumbing provides, supplies dealing with merchandise, energy transmission parts and electrical provides.
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