MSC Industrial Direct (MSM) Set to Announce Earnings on Tuesday

MSC Industrial Direct (NYSE:MSM) will be announcing its earnings results before the market opens on Tuesday, July 2nd. Analysts expect the company to announce earnings of $1.57 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

MSC Industrial Direct (NYSE:MSM) last announced its quarterly earnings data on Thursday, March 28th. The industrial products company reported $1.18 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.02. MSC Industrial Direct had a return on equity of 22.58% and a net margin of 7.89%. The company had revenue of $935.30 million for the quarter, compared to analyst estimates of $946.55 million. During the same quarter last year, the firm posted $1.45 EPS. The firm’s revenue for the quarter was down 2.7% on a year-over-year basis. On average, analysts expect MSC Industrial Direct to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

MSC Industrial Direct Price Performance

MSC Industrial Direct stock opened at $80.57 on Tuesday. The firm has a market capitalization of $4.54 billion, a price-to-earnings ratio of 14.46 and a beta of 0.89. MSC Industrial Direct has a 52-week low of $75.05 and a 52-week high of $105.77. The company has a fifty day simple moving average of $88.22 and a 200-day simple moving average of $94.67. The company has a quick ratio of 0.92, a current ratio of 2.01 and a debt-to-equity ratio of 0.21.

Wall Street Analysts Forecast Growth

MSM has been the topic of several analyst reports. Baird R W lowered MSC Industrial Direct from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 29th. Stephens reissued an “overweight” rating and set a $110.00 target price on shares of MSC Industrial Direct in a research note on Friday, June 14th. StockNews.com lowered MSC Industrial Direct from a “buy” rating to a “hold” rating in a research note on Saturday, June 8th. Loop Capital downgraded MSC Industrial Direct from a “buy” rating to a “hold” rating and set a $80.00 price objective for the company. in a research report on Monday, June 17th. Finally, Robert W. Baird decreased their target price on shares of MSC Industrial Direct from $95.00 to $84.00 and set a “neutral” rating on the stock in a research report on Friday, June 14th. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $93.00.

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.