MSC Industrial Direct Co Inc (MSM) Analysts See $1.09 EPS

June 20, 2017 - By Darrin Black

 MSC Industrial Direct Co Inc (MSM) Analysts See $1.09 EPS
Investors sentiment increased to 0.93 in Q4 2016. Its up 0.12, from 0.81 in 2016Q3. It is positive, as 35 investors sold MSC Industrial Direct Co Inc shares while 105 reduced holdings. 55 funds opened positions while 75 raised stakes. 43.15 million shares or 6.79% less from 46.29 million shares in 2016Q3 were reported.
Capstone Asset Management Commerce accumulated 6,403 shares. Qci Asset Mngmt holds 10 shares or 0% of its portfolio. Winslow Evans & Crocker holds 0% or 66 shares. Bluemountain Capital Mngmt Ltd reported 26,625 shares or 0.05% of all its holdings. Citadel Advisors Ltd Llc reported 84,072 shares. Legal & General Group Inc Public Limited Company reported 27,961 shares or 0% of all its holdings. Creative Planning reported 0% in MSC Industrial Direct Co Inc (NYSE:MSM). Symphony Asset Limited has 18,602 shares for 0.18% of their portfolio. The Germany-based Deutsche Bank Ag has invested 0.02% in MSC Industrial Direct Co Inc (NYSE:MSM). Los Angeles Management & Equity Incorporated holds 104,332 shares. Texas Permanent School Fund has 32,566 shares for 0.04% of their portfolio. Weaver C Barksdale Associate, a Tennessee-based fund reported 176 shares. Fred Alger Mgmt Inc invested in 0% or 1,600 shares. 6,400 were accumulated by South Dakota Invest Council. Kayne Anderson Rudnick Inv Management Ltd stated it has 0.03% of its portfolio in MSC Industrial Direct Co Inc (NYSE:MSM).

Since January 12, 2017, it had 0 insider buys, and 15 selling transactions for $10.61 million activity. Armstrong Steve also sold $1.18 million worth of MSC Industrial Direct Co Inc (NYSE:MSM) on Wednesday, January 18. 1,772 shares valued at $178,972 were sold by PELLER PHILIP on Tuesday, January 24. Bonomo Charles sold 19,667 shares worth $1.95M. $310,381 worth of MSC Industrial Direct Co Inc (NYSE:MSM) shares were sold by Davanzo Christopher. $283,734 worth of MSC Industrial Direct Co Inc (NYSE:MSM) was sold by WRIGHT DAVID. $76,843 worth of MSC Industrial Direct Co Inc (NYSE:MSM) shares were sold by KELLY DENIS F. Jilla Rustom sold 3,806 shares worth $380,600.

Analysts await MSC Industrial Direct Co Inc (NYSE:MSM) to report earnings on July, 5. They expect $1.09 earnings per share, up 3.81 % or $0.04 from last year’s $1.05 per share. MSM’s profit will be $62.50M for 19.72 P/E if the $1.09 EPS becomes a reality. After $0.93 actual earnings per share reported by MSC Industrial Direct Co Inc for the previous quarter, Wall Street now forecasts 17.20 % EPS growth. It closed at $85.98 lastly. It is down 18.92% since June 20, 2016 and is uptrending. It has outperformed by 2.22% the S&P500.

MSC Industrial Direct Co Inc (NYSE:MSM) Ratings Coverage

Among 15 analysts covering MSC Industrial Direct Co. (NYSE:MSM), 3 have Buy rating, 1 Sell and 11 Hold. Therefore 20% are positive. MSC Industrial Direct Co. had 28 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was downgraded by Credit Suisse to “Underperform” on Friday, June 17. On Thursday, January 12 the stock rating was maintained by Stifel Nicolaus with “Hold”. The stock of MSC Industrial Direct Co Inc (NYSE:MSM) has “Outperform” rating given on Monday, December 5 by William Blair. Gabelli initiated the shares of MSM in report on Friday, January 15 with “Buy” rating. As per Wednesday, April 19, the company rating was upgraded by Credit Suisse. The rating was initiated by KeyBanc Capital Markets on Tuesday, July 21 with “Overweight”. Macquarie Research initiated the stock with “Neutral” rating in Friday, August 26 report. The firm has “Hold” rating given on Thursday, January 26 by Deutsche Bank. As per Thursday, December 8, the company rating was downgraded by Gabelli. As per Monday, March 14, the company rating was maintained by KeyBanc Capital Markets.

MSC Industrial Direct Co., Inc. is a North American distributor of metalworking and maintenance, repair and activities services and products. The company has market cap of $4.93 billion. The Company’s range of MRO products include cutting tools, measuring instruments, tooling components, metalworking products, fasteners, flat stock, raw materials, abrasives, machinery hand and power tools, safety and janitorial supplies, plumbing supplies, materials handling products, power transmission components and electrical supplies. It has a 21.72 P/E ratio. The Firm serves a range of clients throughout the United States, Canada and the United Kingdom, from individual machine shops, to manufacturing companies, to government agencies, such as the General Services Administration and the Department of Defense.

More notable recent MSC Industrial Direct Co Inc (NYSE:MSM) news were published by: Reuters.com which released: “BRIEF-MSC Industrial Direct says entered new $600 mln credit facility” on April 18, 2017, also Seekingalpha.com with their article: “MSC Industrial’s Struggles Shouldn’t Be Ignored” published on July 13, 2016, Marketwatch.com published: “85.93” on December 21, 2009. More interesting news about MSC Industrial Direct Co Inc (NYSE:MSM) were released by: Seekingalpha.com and their article: “MSC Industrial Direct’s (MSM) Chief Executive Officer Erik Gershwind on Q1 …” published on January 11, 2017 as well as Seekingalpha.com‘s news article titled: “MSC Industrial Direct’s (MSM) CEO Erik Gershwind on Q2 2017 Results – Earnings …” with publication date: April 06, 2017.

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