NYSE:MSMMSC Industrial Direct Stock Price, Forecast & News

MSC Industrial Direct's stock was trading at $53.36 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, MSM stock has increased by 22.7% and is now trading at $65.47. View which stocks have been most impacted by Coronavirus.

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." View analyst ratings for MSC Industrial Direct.

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) announced its quarterly earnings results on Wednesday, July, 8th. The industrial products company reported $1.40 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $1.16 by $0.24. The industrial products company had revenue of $834.97 million for the quarter, compared to analysts' expectations 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 declared a quarterly dividend on Tuesday, June 30th. Investors of record on Tuesday, July 14th will be paid a dividend of $0.75 per share on Tuesday, July 28th. This represents a $3.00 annualized dividend and a dividend yield of 4.58%. 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 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 brokerages have issued twelve-month target prices for MSC Industrial Direct's stock. Their forecasts range from $60.00 to $82.00. On average, they anticipate MSC Industrial Direct's share price to reach $71.43 in the next twelve months. This suggests a possible upside of 9.1% from the stock's current price. View analysts' price targets for MSC Industrial Direct.

Headlines about MSM stock have trended extremely negative on Wednesday, according to InfoTrie Sentiment. InfoTrie ranks the sentiment of press coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. MSC Industrial Direct earned a media sentiment score of -4.3 on InfoTrie's scale. They also gave press coverage about the industrial products company a news buzz of 3.0 out of 10, indicating that recent press coverage is 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 decline in short interest in June. As of June 30th, there was short interest totaling 1,380,000 shares, a decline of 24.6% from the June 15th total of 1,830,000 shares. Based on an average daily trading volume, of 574,700 shares, the short-interest ratio is presently 2.4 days. Approximately 3.1% of the company's shares are short sold. View MSC Industrial Direct's Current Options Chain.

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), MRC Global (MRC), Textainer Group (TGH) and DXP Enterprises (DXPE). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other MSC Industrial Direct investors own include Pfizer (PFE), Exxon Mobil (XOM), IBM (IBM), AT&T (T), Cisco Systems (CSCO), AbbVie (ABBV), Bank of America (BAC), Walt Disney (DIS), Mcdonald's (MCD) and 3M (MMM).

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 Mountain Pacific Investment Advisers Inc. ID (0.20%), Martin Capital Partners LLC (0.10%), Envestnet Asset Management Inc. (0.10%), Verity & Verity LLC (0.08%), Livforsakringsbolaget Skandia Omsesidigt (0.07%) and Louisiana State Employees Retirement System (0.02%). 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 MERIAN GLOBAL INVESTORS UK Ltd, Envestnet Asset Management Inc., Livforsakringsbolaget Skandia Omsesidigt, Northwest Investment Counselors LLC, Martin Capital Partners LLC, and Mountain Pacific Investment Advisers Inc. ID. 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 purchased by a variety of institutional investors in the last quarter, including Verity & Verity LLC, Alpha Windward LLC, Exchange Traded Concepts LLC, CHICAGO TRUST Co NA, and Louisiana State Employees Retirement System. 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 $65.47.

MSC Industrial Direct has a market capitalization of $3.63 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]