MSC Industrial Direct (MSM) Scheduled to Post Earnings on Thursday

MSC Industrial Direct (NYSE:MSM) is scheduled to be announcing its earnings results before the market opens on Thursday, October 24th. Analysts expect the company to announce earnings of $1.08 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

MSC Industrial Direct Stock Down 2.2 %

MSM stock opened at $80.57 on Wednesday. The business’s fifty day moving average price is $82.05 and its two-hundred day moving average price is $84.65. The stock has a market capitalization of $4.52 billion, a price-to-earnings ratio of 15.64 and a beta of 0.86. MSC Industrial Direct has a fifty-two week low of $75.05 and a fifty-two week high of $104.76. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.01 and a quick ratio of 0.92.

MSC Industrial Direct Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th will be given a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a yield of 4.22%. This is a positive change from MSC Industrial Direct’s previous quarterly dividend of $0.83. The ex-dividend date of this dividend is Wednesday, November 13th. MSC Industrial Direct’s dividend payout ratio (DPR) is currently 66.02%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Robert W. Baird increased their target price on shares of MSC Industrial Direct from $84.00 to $91.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 16th. Loop Capital reduced their price target on MSC Industrial Direct from $80.00 to $75.00 and set a “hold” rating on the stock in a research report on Wednesday, July 3rd. Finally, JPMorgan Chase & Co. lowered their price objective on MSC Industrial Direct from $81.00 to $80.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 3rd. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $91.60.

About MSC Industrial Direct

MSC Industrial Direct Co, Inc, together with its subsidiaries, distributes metalworking and maintenance, repair, and operations (MRO) products and services in the United States, Canada, Mexico, the United Kingdom, and internationally. The company's 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.