MSC Reports Fiscal 2017 First Quarter Results
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Stifel Raises Price Target on MSC Industrial (MSM) Following 1Q Report
January 12, 2017 8:46 AM ESTStifel reiterated a Hold rating on MSC Industrial (NYSE: MSM), and raised the price target to $104.00 (from $89.00), following the company's 1Q earnings report. MSC Industrial reported 1Q17 EPS of $0.95, ahead of the $0.90 - $0.94 guidance range and $0.93 consensus. Revenues declined 2.9% year over year to $686 million... More
MSC Industrial (MSM) Tops Q1 EPS by 2c, Guides Q2 Above the Street
January 11, 2017 6:48 AM ESTMSC Industrial (NYSE: MSM) reported Q1 EPS of $0.95, $0.02 better than the analyst estimate of $0.93. Revenue for the quarter came in at $686.3 million versus the consensus estimate of $684.94 million.
GUIDANCE:
MSC Industrial sees Q2 2017 EPS of $0.86-$0.90, versus the consensus of $0.86. MSC Industrial sees Q2 2017 revenue of $688-701 million, versus the consensus of $677.35 million.
Erik Gershwind, president and chief executive officer, said, "While the demand environment remained difficult in our first quarter and pricing... More
