News coverage about MSC Industrial Direct (NYSE:MSM) has trended somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies positive and negative press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. MSC Industrial Direct earned a coverage optimism score of 0.07 on Accern’s scale. Accern also gave media coverage about the industrial products company an impact score of 47.3735847249903 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the news headlines that may have impacted Accern Sentiment’s rankings:
A number of brokerages recently commented on MSM. Stephens reiterated a “buy” rating and set a $116.00 target price on shares of MSC Industrial Direct in a research note on Tuesday, April 10th. Robert W. Baird reiterated a “hold” rating and set a $107.00 target price on shares of MSC Industrial Direct in a research note on Tuesday, April 10th. Deutsche Bank set a $102.00 target price on shares of MSC Industrial Direct and gave the stock a “hold” rating in a research note on Friday, April 6th. Gabelli downgraded shares of MSC Industrial Direct from a “buy” rating to a “hold” rating and set a $99.00 target price for the company. in a research note on Friday, March 16th. Finally, Goldman Sachs began coverage on shares of MSC Industrial Direct in a research note on Sunday, March 18th. They set a “buy” rating and a $107.00 target price for the company. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $100.62.
Shares of MSM opened at $92.85 on Wednesday. MSC Industrial Direct has a 1-year low of $65.42 and a 1-year high of $99.94. The firm has a market capitalization of $5.32 billion, a P/E ratio of 22.93, a P/E/G ratio of 1.34 and a beta of 0.62. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.20 and a quick ratio of 1.19.
MSC Industrial Direct (NYSE:MSM) last announced its quarterly earnings results on Tuesday, April 10th. The industrial products company reported $1.34 earnings per share for the quarter, beating analysts’ consensus estimates of $1.32 by $0.02. MSC Industrial Direct had a net margin of 9.91% and a return on equity of 20.53%. The firm had revenue of $769.00 million during the quarter, compared to analysts’ expectations of $773.42 million. During the same period in the previous year, the company earned $1.33 earnings per share. MSC Industrial Direct’s quarterly revenue was up 9.3% compared to the same quarter last year. sell-side analysts predict that MSC Industrial Direct will post 5.17 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, May 1st. Investors of record on Tuesday, April 17th were given a $0.58 dividend. The ex-dividend date of this dividend was Monday, April 16th. This represents a $2.32 dividend on an annualized basis and a yield of 2.50%. MSC Industrial Direct’s dividend payout ratio (DPR) is presently 57.28%.
In related news, SVP Kari D. Heerdt sold 523 shares of the business’s stock in a transaction on Tuesday, May 22nd. The shares were sold at an average price of $94.92, for a total value of $49,643.16. Following the completion of the sale, the senior vice president now directly owns 18,392 shares of the company’s stock, valued at $1,745,768.64. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Denis F. Kelly sold 564 shares of the business’s stock in a transaction on Monday, May 7th. The shares were sold at an average price of $90.54, for a total transaction of $51,064.56. Following the completion of the sale, the director now directly owns 10,400 shares of the company’s stock, valued at $941,616. The disclosure for this sale can be found here. Over the last three months, insiders sold 62,743 shares of company stock valued at $5,944,036. 31.38% of the stock is owned by corporate insiders.
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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