MSC Industrial Direct Company, (NYSE:MSM):
MSC Declares 4.7% Increase In Regular Quarterly Dividend.
The company is now up from yesterday’s close of $70.28.
MSC Industrial Direct Company, also recently declared a dividend for shareholders that was paid on Tuesday the 26th of July 2016. The dividend was $0.430 per share for the quarter or $1.72 annualized. This dividend amount represented a yeild of $2.41. The ex-dividend date was set for Friday the 8th of July 2016.
Company chares are trading at $71.54 just below the 50 day moving average of $72.41 and marginally under the 200 day moving average of $73.25. The 50 day moving average was down $-0.87 or -1.20% and the 200 day average was down $-1.71.
The P/E ratio is currently 19.29 and the market cap is 4.40B. In the last earnings report the EPS was $3.71 and is estimated to be $3.73 for the current year with 61,459,000 shares outstanding. Next quarter’s EPS is estimated at $0.94 and the next full year EPS is projected to be $3.95.
Several Wall Street analysts have weighed in on the stock recently. Macquarie initiated coverage on MSM giving it an initial rating of “Neutral”. On June 17, 2016 the stock rating was rated “Underperform” by Credit Suisse which was a cut from the previous “Neutral” rating.
On April 7 Barclays maintained a stock rating of “Equalweight” and raised the price target from $58.00 to $64.00. On April 5, 2016 BMO Capital started covering the stock with an initial rating of “Market Perform” and price target of $80.00.
Equity analyst Sterne Agee CRT starting coverage on MSM setting a rating of “Neutral”. March 14 investment analysts at KeyBanc made no change to the company rating of “Overweight” and raised the price expectation to $80.00 from $75.00.