MSC Industrial Direct - MSM Stock Forecast, Price & News

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for MSC Industrial Direct in the last twelve months. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" MSM shares.
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4 brokers have issued 1 year target prices for MSC Industrial Direct's stock. Their MSM share price forecasts range from $84.00 to $100.00. On average, they predict the company's stock price to reach $94.00 in the next twelve months. This suggests a possible upside of 11.2% from the stock's current price.
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MSC Industrial Direct's stock was trading at $84.06 at the beginning of 2022. Since then, MSM stock has increased by 0.6% and is now trading at $84.54.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, December 28th 2022.
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MSC Industrial Direct Co., Inc. (NYSE:MSM) posted its earnings results on Thursday, October, 20th. The industrial products company reported $1.79 EPS for the quarter, topping analysts' consensus estimates of $1.77 by $0.02. The industrial products company had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1 billion. MSC Industrial Direct had a trailing twelve-month return on equity of 27.04% and a net margin of 9.20%. The firm's revenue was up 23.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.26 earnings per share.

MSC Industrial Direct declared a quarterly dividend on Tuesday, October 11th. Investors of record on Tuesday, November 15th will be paid a dividend of $0.79 per share on Tuesday, November 29th. This represents a $3.16 dividend on an annualized basis and a yield of 3.74%. The ex-dividend date of this dividend is Monday, November 14th. This is a positive change from the stock's previous quarterly dividend of $0.75.
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MSC Industrial Direct (NYSE:MSM) pays an annual dividend of $3.16 per share and currently has a dividend yield of 3.69%. The company has been increasing its dividend for 18 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 52.06%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MSM will have a dividend payout ratio of 51.80% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MSM.

274 employees have rated MSC Industrial Direct Chief Executive Officer Erik Gershwind on Glassdoor.com. Erik Gershwind has an approval rating of 70% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other MSC Industrial Direct investors own include Pfizer (PFE), Exxon Mobil (XOM), AT&T (T), International Business Machines (IBM), Cisco Systems (CSCO), Intel (INTC), AbbVie (ABBV), Bristol-Myers Squibb (BMY), 3M (MMM) and Verizon Communications (VZ).

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 shareholders include BlackRock Inc. (10.37%), Vanguard Group Inc. (8.01%), State Street Corp (2.37%), Epoch Investment Partners Inc. (2.24%), Bank of New York Mellon Corp (1.69%) and Dimensional Fund Advisors LP (1.27%). Insiders that own company stock include Charles Bonomo, Douglas E Jones, Douglas E Jones, Edward F Martin, Jr, Elizabeth Bledsoe, Erik Gershwind, Gregory Polli, Kari D Heerdt, Kimberly Shacklett, Louise K Goeser, Mitchell Jacobson, Philip Peller, Rustom Jilla, Steve Armstrong and Steven N Baruch.
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Shares of MSM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of MSM stock can currently be purchased for approximately $84.54.

MSC Industrial Direct (NYSE:MSM) has a market capitalization of $4.72 billion and generates $3.69 billion in revenue each year. The industrial products company earns $339.79 million in net income (profit) each year or $6.07 on an earnings per share basis.

The company employs 6,994 workers across the globe.

MSC Industrial Direct's mailing address is 75 MAXESS ROAD, MELVILLE NY, 11747. The official website for the company is www.mscdirect.com. The industrial products company can be reached via phone at (516) 812-2000, via email at cust_service@mscdirect.com, or via fax at 516-349-7096.