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 shares have increased by 32.5% and is now trading at $70.70.
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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.
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MSC Industrial Direct Co Inc (NYSE:MSM) announced its quarterly earnings data on Wednesday, July, 8th. The industrial products company reported $1.40 earnings per share for the quarter, beating analysts' consensus estimates of $1.16 by $0.24. The industrial products company had revenue of $834.97 million for the quarter, compared to analyst estimates of $835.02 million. MSC Industrial Direct had a return on equity of 19.58% and a net margin of 8.07%.
View MSC Industrial Direct's earnings history.

MSC Industrial Direct announced a quarterly dividend on Tuesday, June 30th. Stockholders 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 annualized dividend and a yield of 4.24%. 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 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 analysts have issued 12 month target prices 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 year. This suggests a possible upside of 1.0% from the stock's current price.
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News articles about MSM stock have been trending neutral recently, InfoTrie Sentiment Analysis reports. The research firm identifies positive and negative media coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. MSC Industrial Direct earned a news impact score of 0.2 on InfoTrie's scale. They also assigned press coverage about the industrial products company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the stock's share price in the near future.
View the latest news about MSC Industrial Direct.

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), 3M (MMM), Bank of America (BAC) and CVS Health (CVS).

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

MSC Industrial Direct's stock is owned by many different institutional and retail investors. Top institutional investors include Yacktman Asset Management LP (2.24%), Paradice Investment Management LLC (1.67%), First Trust Advisors LP (1.45%), Copeland Capital Management LLC (0.82%), Seizert Capital Partners LLC (0.57%) and Pzena Investment Management LLC (0.55%). 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 Yacktman Asset Management LP, UBS Group AG, Pzena Investment Management LLC, First Trust Advisors LP, Professional Advisory Services Inc., MERIAN GLOBAL INVESTORS UK Ltd, Dupont Capital Management Corp, and New York State Common Retirement Fund. 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 Paradice Investment Management LLC, Mackay Shields LLC, Moody Aldrich Partners LLC, Russell Investments Group Ltd., Principal Financial Group Inc., Unigestion Holding SA, IFP Advisors Inc, and Strs Ohio.
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 $70.70.

MSC Industrial Direct has a market capitalization of $3.92 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]