Earnings

Stock News Buzz: MSC INDUSTRIAL SUPPLY CO. (NYSE:MSM)

April 11, 2019

MSC INDUSTRIAL SUPPLY CO. (NYSE:MSM) stock observed trading -14.75% off 52-week high price. On the other end, the stock has been noted 11.49% away from low price over the last 52-weeks. The stock disclosed a move of -2.27% away from 50 day moving average and -2.28% away from 200 day moving average. Moving closer, we can see that shares have been trading -1.01% off 20-day moving average. It has market cap of $4430.88M and dividend yield of 3.09%.

MSC INDUSTRIAL SUPPLY CO. (NYSE:MSM) announced financial results for its fiscal 2019 second quarter ended March 2, 2019.

FISCAL Q2 2019 HIGHLIGHTS

Net sales of $823.0 million, a 7.0% YoY increase

Average daily sales increased 8.8% YoY, with 270 basis points of acquisitive growth

Operating income of $96.0 million, a decrease of approximately 2.2% YoY

Operating margin of 11.7% (11.9% excluding acquisitions*)

Diluted EPS of $1.24

Outlook

The Company expects net sales for the third quarter of fiscal 2019 to be between $874 million and $891 million. At the midpoint, average daily sales are expected to increase roughly 6.5% compared to last year’s third quarter. The Company expects diluted earnings per share for the third quarter of fiscal 2019 to be between $1.46 and $1.52.

Excluding acquisitions, the Company expects net sales for the third quarter of fiscal 2019 to be between $846 million and $863 million, with average daily sales at the midpoint expected to increase roughly 4.0% compared to last year’s third quarter. The Company expects the impact from acquisitions to have a roughly breakeven impact on diluted earnings per share for the third quarter of fiscal 2019.

 The USA based company MSC Industrial Direct Co. moved with change of 0.12% to $81.7 with the total traded volume of 471146 shares in recent session versus to an average volume of 396.84K. The stock was observed in the 5 days activity at -2.97%. The one month performance of stock was -1.72%. MSM’s shares are at 6.15% for the quarter and driving a -11.12% return over the course of the past year and is now at 6.08% since this point in 2018.  Right now the stock beta is 0.84. The average volatility for the week and month was at 2.34% and 1.99% respectively. There are 54.3M shares outstanding and 43.49M shares are floated in market.

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