|Bid||68.44 x 800|
|Ask||70.00 x 900|
|Day's Range||66.99 - 68.48|
|52 Week Range||64.59 - 90.25|
|Beta (3Y Monthly)||1.23|
|PE Ratio (TTM)||12.93|
|Earnings Date||Oct 24, 2019|
|Forward Dividend & Yield||3.00 (4.51%)|
|1y Target Est||76.13|
Today we'll look at MSC Industrial Direct Co., Inc. (NYSE:MSM) and reflect on its potential as an investment. To be...
This article is written for those who want to get better at using price to earnings ratios (P/E ratios). To keep it...
One of my recent purchases, MSC Industrial Direct -- a distributor of metalworking and maintenance, repair and operations products and services -- reported a decent fiscal third quarter on July 10, but lowered its estimate for the next quarter -- the fiscal fourth quarter ending Aug. 31 -- from about $1.46 to a range from $1.21 to $1.27. After MSM's fall to $69.65, that implied a trailing price-to-earnings of around 13.2-times. After MSM's drift back to $69.65, that implied a trailing price-to-earnings of around 13.2-times.
Readers hoping to buy MSC Industrial Direct Co., Inc. (NYSE:MSM) for its dividend will need to make their move...
The industrial supply companies' results had a lot to say about the outlook for the upcoming quarterly reports -- not all of it good.
MSC Industrial (MSM) delivered earnings and revenue surprises of -3.33% and -1.73%, respectively, for the quarter ended May 2019. Do the numbers hold clues to what lies ahead for the stock?
MSC Industrial Direct Co. reported on Wednesday disappointing fiscal third-quarter results and provided a downbeat outlook, but also raised its quarterly dividend to lift the implied yield to more than double that of both the industrial sector and the S&P 500. The dividend was raised to 75 cents a share from 63 cents a share, with the new dividend payable Aug. 6 to shareholders of record on July 23. Based on the Tuesday's stock closing price of $72.27, the new annual dividend rate implies a dividend yield of 4.15%. In comparison, the implied yield for the SPDR Industrial Select Sector ETF is 2.01% and for the S&P 500 is 1.93%. The stock, which tumbled 9% in premarket trading, has lost 11.4% over the past three months while the industrial ETF has gained 1.4% and the S&P 500 has tacked on 3.2%.
MSC Industrial Direct Co. reported Wednesday a fiscal third-quarter profit and revenue that missed expectations and provided a downbeat outlook, while increasing its dividend by 19%. The distributor of metalworking and maintenance and repair products said net income for the quarter to June 1 rose to $79.6 million, or $1.44 a share, from $79.1 million, or $1.39 a share, in the year-ago period. The FactSet consensus for earnings per share was $1.49. Net sales rose 4.6% to $866.5 million, but was below the FactSet consensus of $881.6 million. "Our fiscal third quarter performance leaves us disappointed," said Chief Executive Erik Gershwind. "We have seen a step-down in demand since April, while the pricing environment remains uncertain due to the overhang of tariffs and trade." For the fourth quarter, the company expects EPS of $1.21 to $1.27, below the FactSet consensus of $1.48, and sales of $835 million to $851 million, below expectations of $883 million. Separately, MSC raised its quarterly dividend to 75 cents a share from 63 cents a share, with the new dividend payable Aug. 6 to shareholders of record on July 23. MSC's stock, which was still inactive in the premarket, has lost 6.1% year to date through Tuesday while the Dow Jones Industrial Average has rallied 14.8%.
NEW YORK, NY / ACCESSWIRE / July 10, 2019 / MSC Industrial Direct Co., Inc. (NYSE: MSM ) will be discussing their earnings results in their 2019 Third Quarter Earnings to be held on July 10, 2019 at 8:30 ...
Increases Quarterly Dividend To $0.75 , Up 19 Percent MELVILLE, N.Y. and DAVIDSON, N.C. , July 10, 2019 /PRNewswire/ -- FISCAL Q3 2019 HIGHLIGHTS Net sales of $866.5 million , a 4.6% YoY increase, with ...
Industrial tools and supplies distributor MSC Industrial Direct reports fiscal third-quarter earnings short of Wall Street forecasts and lowers its guidance amid sluggish sales.
Since MSC Industrial Direct Co., Inc. (NYSE:MSM) released its earnings in March 2019, it seems that analyst forecasts...
MSC Industrial (MSM) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Is MSC Industrial Direct Co., Inc. (NYSE:MSM) a good dividend stock? How can we tell? Dividend paying companies with...
Anyone researching MSC Industrial Direct Co., Inc. (NYSE:MSM) might want to consider the historical volatility of the...
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During its third-quarter earnings, MSC Industrial fell short of Wall Street's forecasts and also lowered its guidance amid sluggish sales. Yahoo Finance's Ines Ferre reports on the story.