MSC Industrial Direct Company, Inc. (NYSE:MSM) industrial equipment wholesaler, is reporting third quarter earnings results on Wednesday 8th July 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 1.16 per share from $ 818.87 million in revenue.
For the full year, analysts predict revenues of $ 3230.17 million, while looking forward to income of $ 4.49 per share.
The Company Outlook
Revenue for 3Q20 are expected in a range of $ 835.00 million ~ $ 835.00 million
Stock Performance
According to the previous trading day, closing price of MSM was $ 73.73, representing a 64.10 % increase from the 52 week low of $ 44.93 and a 7.69 % decrease over the 52 week high of $ 79.87.
The company has a market capital of $ 4.10 billion and is part of the Industrials sector and Industrial Distribution industry.
Recent Analyst recommendations
On 11th June 2020, maintained by KeyBanc at Overweight rating, with $ 82.00 target price.
On 20th May 2020, maintained by KeyBanc at Overweight rating, with $ 75.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.75 per share on March 31, 2020. The dividend were payable on April 28, 2020 to holders of record as of the close of business on April 14, 2020 and ex-dividend date on April 13, 2020.
Conference Call
MSC Industrial Direct Company, Inc. will be hosting a conference call at 8:30 AM eastern time on 8th July 2020, to discuss its 3Q20 financial results with the investment community. The participants may dial, 1-877-443-5575 or 1-412-902-6618 (International) in order to access the live audio call. A live webcast with presentations will be available on the Internet by visiting the Company website www.webcaster4.com/Webcast/Page/1037/33502
MSC Industrial Direct Co., Inc., together with its subsidiaries, distributes metalworking and maintenance, repair, and operations (MRO) products in the United States, Canada, and the United Kingdom. The companys MRO products comprise 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. It offers approximately 1,645,000 stock-keeping units through its catalogs; brochures; e-commerce channels, including its Website, mscdirect.com; inventory management solutions; and call-centers and branches.
