MSC Industrial Direct (NYSE:MSM – Get Free Report) issued its quarterly earnings data on Thursday. The industrial products company reported $1.03 earnings per share for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.05), Briefing.com reports. The firm had revenue of $952.30 million for the quarter, compared to the consensus estimate of $959.74 million. MSC Industrial Direct had a return on equity of 21.31% and a net margin of 7.44%. The company’s revenue was down 8.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.64 EPS.
MSC Industrial Direct Trading Up 2.3 %
MSM traded up $1.79 during midday trading on Friday, hitting $79.58. 285,475 shares of the company were exchanged, compared to its average volume of 565,805. The firm has a market capitalization of $4.47 billion, a P/E ratio of 15.49 and a beta of 0.86. MSC Industrial Direct has a 1-year low of $75.05 and a 1-year high of $104.76. The firm’s 50 day moving average price is $82.03 and its 200-day moving average price is $84.47. The company has a quick ratio of 0.92, a current ratio of 2.01 and a debt-to-equity ratio of 0.21.
MSC Industrial Direct Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be issued a dividend of $0.85 per share. The ex-dividend date of this dividend is Wednesday, November 13th. This is an increase from MSC Industrial Direct’s previous quarterly dividend of $0.83. This represents a $3.40 annualized dividend and a yield of 4.27%. MSC Industrial Direct’s payout ratio is presently 64.47%.
Wall Street Analysts Forecast Growth
Get Our Latest Research Report on MSC Industrial Direct
MSC Industrial Direct Company Profile
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.
See Also
- Five stocks we like better than MSC Industrial Direct
- How to Use the MarketBeat Dividend Calculator
- Texas Roadhouse Stock Steering for New Highs This Year
- Stock Market Sectors: What Are They and How Many Are There?
- Monopar Therapeutics Skyrockets 400% on Licensing Deal
- Using the MarketBeat Stock Split Calculator
- Tractor Supply Stock Pulls Back: A Prime Buying Opportunity
Receive News & Ratings for MSC Industrial Direct Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MSC Industrial Direct and related companies with MarketBeat.com's FREE daily email newsletter.