Headlines about MSC Industrial Direct (NYSE:MSM) have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm rates the sentiment of news coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. MSC Industrial Direct earned a news impact score of 0.22 on Accern’s scale. Accern also assigned news articles about the industrial products company an impact score of 46.7713302881581 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
MSC Industrial Direct (MSM) opened at $92.53 on Thursday. The company has a current ratio of 1.80, a quick ratio of 0.97 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $5,220.00, a PE ratio of 22.30, a PEG ratio of 1.90 and a beta of 0.67. MSC Industrial Direct has a 52-week low of $65.42 and a 52-week high of $105.70.
MSC Industrial Direct (NYSE:MSM) last issued its quarterly earnings results on Wednesday, January 10th. The industrial products company reported $1.05 EPS for the quarter, missing the consensus estimate of $1.06 by ($0.01). The company had revenue of $768.60 million for the quarter, compared to analyst estimates of $770.95 million. MSC Industrial Direct had a net margin of 8.01% and a return on equity of 19.42%. The business’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same period last year, the company posted $0.95 earnings per share. research analysts anticipate that MSC Industrial Direct will post 4.45 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 30th. Shareholders of record on Tuesday, January 16th will be paid a $0.58 dividend. This is a positive change from MSC Industrial Direct’s previous quarterly dividend of $0.48. The ex-dividend date is Friday, January 12th. This represents a $2.32 annualized dividend and a yield of 2.51%. MSC Industrial Direct’s dividend payout ratio is currently 46.27%.
MSM has been the topic of a number of research analyst reports. KeyCorp reissued a “hold” rating on shares of MSC Industrial Direct in a report on Sunday, September 17th. Zacks Investment Research raised MSC Industrial Direct from a “hold” rating to a “buy” rating and set a $81.00 price objective on the stock in a research note on Thursday, September 21st. Susquehanna Bancshares began coverage on MSC Industrial Direct in a research report on Monday, September 25th. They issued a “neutral” rating and a $77.00 price target on the stock. Credit Suisse Group set a $93.00 price objective on MSC Industrial Direct and gave the stock a “buy” rating in a report on Friday, October 6th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and issued a $83.00 price target (up previously from $79.00) on shares of MSC Industrial Direct in a research note on Monday, October 9th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company’s stock. MSC Industrial Direct currently has a consensus rating of “Hold” and a consensus target price of $95.00.
In other news, EVP Steven N. Baruch sold 5,762 shares of MSC Industrial Direct stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $81.25, for a total value of $468,162.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mitchell Jacobson sold 26,306 shares of the business’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $79.40, for a total value of $2,088,696.40. The disclosure for this sale can be found here. In the last quarter, insiders have sold 225,541 shares of company stock worth $18,264,812. 31.38% of the stock is owned by corporate insiders.
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MSC Industrial Direct Company Profile
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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