MSC Industrial Direct Co., Inc. (NYSE:MSM) will release earnings results for the third quarter, before the opening bell on Tuesday, July 1.
Analysts expect the Melville, New York-based company to report quarterly earnings at $1.03 per share, down from $1.33 per share in the year-ago period. MSC Industrial Direct projects to report quarterly revenue at $969.19 million, compared to $979.35 million a year earlier, according to data from Benzinga Pro.
MSC Industrial, known for producing metalworking and maintenance, repair, and operations (MRO) products, reported a second-quarter net sales decline of 4.7% year-over-year to $891.7 million. It missed the consensus of $899.54 million.
If investors are eyeing potential gains from the company’s dividends, MSC Industrial offers an annual dividend yield of 3.98%. That’s a quarterly dividend amount of $3.40 …