Press coverage about MSC Industrial Direct (NYSE:MSM) has trended somewhat positive this week, according to Accern. The research firm ranks the sentiment of press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. MSC Industrial Direct earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned headlines about the industrial products company an impact score of 45.9895744165181 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the headlines that may have effected Accern Sentiment Analysis’s analysis:
A number of research analysts recently issued reports on the company. Zacks Investment Research upgraded MSC Industrial Direct from a “hold” rating to a “buy” rating and set a $107.00 price objective for the company in a research note on Friday, March 16th. Stephens set a $114.00 price objective on MSC Industrial Direct and gave the company a “buy” rating in a research note on Wednesday, January 10th. Stifel Nicolaus restated a “hold” rating and issued a $93.00 price target on shares of MSC Industrial Direct in a research note on Monday, December 11th. Deutsche Bank set a $102.00 price target on MSC Industrial Direct and gave the stock a “hold” rating in a research note on Friday. Finally, UBS downgraded MSC Industrial Direct from a “strong-buy” rating to an “outperform” rating in a research note on Thursday, January 4th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company. MSC Industrial Direct has an average rating of “Hold” and a consensus target price of $97.85.
Shares of MSM traded down $1.24 during mid-day trading on Friday, hitting $92.00. 855,353 shares of the stock were exchanged, compared to its average volume of 622,029. The stock has a market capitalization of $5,193.95, a price-to-earnings ratio of 22.72, a price-to-earnings-growth ratio of 1.32 and a beta of 0.60. MSC Industrial Direct has a 52-week low of $65.42 and a 52-week high of $99.94. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.92 and a quick ratio of 1.04.
MSC Industrial Direct (NYSE:MSM) last issued its quarterly earnings data on Wednesday, January 10th. The industrial products company reported $1.05 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.06 by ($0.01). The firm had revenue of $768.60 million for the quarter, compared to analysts’ expectations of $770.95 million. MSC Industrial Direct had a return on equity of 19.37% and a net margin of 7.97%. The firm’s revenue was up 12.0% on a year-over-year basis. During the same period last year, the company earned $0.95 earnings per share. sell-side analysts expect that MSC Industrial Direct will post 5.12 earnings per share for the current year.
MSC Industrial Direct announced that its Board of Directors has initiated a stock buyback program on Wednesday, January 10th that permits the company to buyback 2,000,000 outstanding shares. This buyback authorization permits the industrial products company to purchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 1st. Stockholders of record on Tuesday, April 17th will be issued a dividend of $0.58 per share. The ex-dividend date of this dividend is Monday, April 16th. This represents a $2.32 annualized dividend and a dividend yield of 2.52%. MSC Industrial Direct’s dividend payout ratio (DPR) is 57.28%.
In other news, SVP Christopher Davanzo sold 12,046 shares of the company’s stock in a transaction that occurred on Thursday, January 11th. The stock was sold at an average price of $93.43, for a total transaction of $1,125,457.78. Following the sale, the senior vice president now directly owns 12,432 shares of the company’s stock, valued at approximately $1,161,521.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Charles Bonomo sold 1,800 shares of the company’s stock in a transaction that occurred on Thursday, January 18th. The stock was sold at an average price of $92.19, for a total value of $165,942.00. The disclosure for this sale can be found here. Insiders have sold a total of 783,437 shares of company stock worth $74,083,049 over the last ninety days. Insiders own 31.28% of the company’s stock.
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MSC Industrial Direct Company Profile
MSC Industrial Direct Co, Inc, together with its subsidiaries, distributes various ranges of metalworking and maintenance, repair, and operations (MRO) products primarily in the United States, Canada, and the United Kingdom. The company's MRO products comprise 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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