NYSE:MSMMSC Industrial Direct Stock Price, Forecast & News

MSC Industrial Direct's stock was trading at $53.36 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, MSM stock has increased by 27.2% and is now trading at $67.85.
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8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MSC Industrial Direct in the last year. There are currently 2 sell ratings, 4 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
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MSC Industrial Direct is scheduled to release its next quarterly earnings announcement on Thursday, October 22nd 2020.
View our earnings forecast for MSC Industrial Direct.

MSC Industrial Direct Co Inc (NYSE:MSM) issued its earnings results on Wednesday, July, 8th. The industrial products company reported $1.40 EPS for the quarter, topping the Zacks' consensus estimate of $1.16 by $0.24. The industrial products company earned $834.97 million during the quarter, compared to analysts' expectations of $835.02 million. MSC Industrial Direct had a net margin of 8.07% and a return on equity of 19.58%.
View MSC Industrial Direct's earnings history.

MSC Industrial Direct declared a quarterly dividend on Tuesday, June 30th. Investors of record on Tuesday, July 14th will be given a dividend of $0.75 per share on Tuesday, July 28th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 4.42%. The ex-dividend date of this dividend is Monday, July 13th.
View MSC Industrial Direct's dividend history.

MSC Industrial Direct issued an update on its third quarter 2020 After-Hours earnings guidance on Tuesday, June, 9th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $835-835 million, compared to the consensus revenue estimate of $772.63 million.

8 equities research analysts have issued 12 month price targets for MSC Industrial Direct's shares. Their forecasts range from $60.00 to $82.00. On average, they expect MSC Industrial Direct's stock price to reach $71.43 in the next twelve months. This suggests a possible upside of 5.3% from the stock's current price.
View analysts' price targets for MSC Industrial Direct.

News headlines about MSM stock have been trending neutral on Saturday, according to InfoTrie. InfoTrie rates the sentiment of media coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. MSC Industrial Direct earned a news sentiment score of 0.0 on InfoTrie's scale. They also assigned news articles about the industrial products company a news buzz of 1.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the stock's share price in the near future.
View the latest news about MSC Industrial Direct.

MSC Industrial Direct saw a decrease in short interest in the month of June. As of June 15th, there was short interest totaling 1,380,000 shares, a decrease of 24.6% from the May 31st total of 1,830,000 shares. Based on an average daily volume of 574,700 shares, the days-to-cover ratio is presently 2.4 days. Currently, 3.1% of the shares of the company are short sold.
View MSC Industrial Direct's Short Interest.

Some companies that are related to MSC Industrial Direct include Fastenal (FAST), W W Grainger (GWW), United Rentals (URI), Watsco (WSO), Air Lease (AL), Applied Industrial Technologies (AIT), GATX (GATX), Beacon Roofing Supply (BECN), WESCO International (WCC), Rush Enterprises (RUSHA), Kaman (KAMN), H&E Equipment Services (HEES), Textainer Group (TGH), MRC Global (MRC) and DXP Enterprises (DXPE).
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Based on aggregate information from My MarketBeat watchlists, some companies that other MSC Industrial Direct investors own include Pfizer (PFE), Exxon Mobil (XOM), Cisco Systems (CSCO), AT&T (T), IBM (IBM), AbbVie (ABBV), Bristol-Myers Squibb (BMY), CVS Health (CVS), 3M (MMM) and Bank of America (BAC).

MSC Industrial Direct trades on the New York Stock Exchange (NYSE) under the ticker symbol "MSM."

MSC Industrial Direct's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (7.12%), Yacktman Asset Management LP (2.24%), Paradice Investment Management LLC (1.67%), Bank of New York Mellon Corp (1.65%), First Trust Advisors LP (1.45%) and Copeland Capital Management LLC (0.82%). Company insiders that own MSC Industrial Direct stock include Charles Bonomo, David Wright, Denis F Kelly, Douglas E Jones, Edward F Martin, Jr, Gregory Polli, Rustom Jilla, Steve Armstrong and Steven N Baruch.
View institutional ownership trends for MSC Industrial Direct.

MSM stock was sold by a variety of institutional investors in the last quarter, including Vanguard Group Inc., Yacktman Asset Management LP, FMR LLC, APG Asset Management N.V., Goldman Sachs Group Inc., UBS Group AG, Sprucegrove Investment Management Ltd., and Pzena Investment Management LLC. Company insiders that have sold MSC Industrial Direct company stock in the last year include Charles Bonomo, Douglas E Jones, Edward F Martin, Jr, and Rustom Jilla.
View insider buying and selling activity for MSC Industrial Direct.

MSM stock was bought by a variety of institutional investors in the last quarter, including Skandinaviska Enskilda Banken AB publ , Balyasny Asset Management LLC, Alyeska Investment Group L.P., Alberta Investment Management Corp, Paradice Investment Management LLC, Bank of New York Mellon Corp, Mackay Shields LLC, and Bank of Nova Scotia.
View insider buying and selling activity for MSC Industrial Direct.

Shares of MSM can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of MSM stock can currently be purchased for approximately $67.85.

MSC Industrial Direct has a market capitalization of $3.76 billion and generates $3.36 billion in revenue each year. The industrial products company earns $288.80 million in net income (profit) each year or $5.29 on an earnings per share basis. MSC Industrial Direct employs 6,700 workers across the globe.

The official website for MSC Industrial Direct is www.mscdirect.com.

MSC Industrial Direct's mailing address is 75 MAXESS ROAD, MELVILLE NY, 11747. The industrial products company can be reached via phone at 516-812-2000 or via email at [email protected]