Media headlines about MSC Industrial Direct (NYSE:MSM) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. MSC Industrial Direct earned a daily sentiment score of 0.10 on Accern’s scale. Accern also assigned news coverage about the industrial products company an impact score of 45.3841283073259 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the news articles that may have effected Accern Sentiment Analysis’s analysis:
A number of analysts recently commented on MSM shares. Zacks Investment Research upgraded shares of MSC Industrial Direct from a “hold” rating to a “buy” rating and set a $83.00 price objective for the company in a research report on Wednesday, September 27th. Susquehanna Bancshares Inc started coverage on MSC Industrial Direct in a report on Monday, September 25th. They set a “neutral” rating and a $77.00 target price for the company. Gabelli upgraded MSC Industrial Direct from a “hold” rating to a “buy” rating and set a $94.00 target price for the company in a report on Friday, October 13th. KeyCorp reiterated a “hold” rating on shares of MSC Industrial Direct in a report on Tuesday, October 17th. Finally, Wells Fargo & Company set a $86.00 target price on MSC Industrial Direct and gave the stock a “hold” rating in a report on Wednesday, November 1st. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the company. MSC Industrial Direct has an average rating of “Hold” and an average target price of $89.29.
Shares of MSC Industrial Direct (MSM) traded up $0.43 during midday trading on Monday, hitting $81.38. The stock had a trading volume of 362,363 shares, compared to its average volume of 622,422. The company has a market cap of $4,564.85, a PE ratio of 20.04, a price-to-earnings-growth ratio of 1.58 and a beta of 0.64. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.80 and a quick ratio of 0.97. MSC Industrial Direct has a 12 month low of $65.42 and a 12 month high of $105.70.
MSC Industrial Direct (NYSE:MSM) last announced its quarterly earnings data on Tuesday, October 31st. The industrial products company reported $1.07 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.99 by $0.08. The company had revenue of $753.80 million during the quarter, compared to analysts’ expectations of $745.80 million. MSC Industrial Direct had a return on equity of 19.42% and a net margin of 8.01%. MSC Industrial Direct’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.02 EPS. sell-side analysts anticipate that MSC Industrial Direct will post 4.45 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 28th. Stockholders of record on Tuesday, November 14th will be issued a $0.48 dividend. This is a boost from MSC Industrial Direct’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Monday, November 13th. This represents a $1.92 annualized dividend and a dividend yield of 2.36%. MSC Industrial Direct’s dividend payout ratio (DPR) is presently 47.52%.
In other news, Director Mitchell Jacobson sold 13,582 shares of the firm’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $81.91, for a total value of $1,112,501.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold a total of 188,976 shares of company stock valued at $15,312,695 in the last 90 days. 31.28% of the stock is owned by corporate insiders.
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About MSC Industrial Direct
MSC Industrial Direct Co, Inc is a North American distributor of metalworking and maintenance, repair and operations (MRO) products and services. 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.
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