MSC Industrial Direct Stock Forecast, Price & 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 21.2% and is now trading at $64.69.
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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) posted its quarterly earnings results 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 the consensus estimate 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. 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 4.64%. 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 fourth quarter 2020 After-Hours earnings guidance on Thursday, September, 10th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $747.7-747.7 million, compared to the consensus revenue estimate of $755.34 million.

8 brokerages have issued 1 year 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 twelve months. This suggests a possible upside of 10.4% from the stock's current price.
View analysts' price targets for MSC Industrial Direct.

MSC Industrial Direct saw a increase in short interest in the month of August. As of August 31st, there was short interest totaling 1,520,000 shares, an increase of 24.6% from the August 15th total of 1,220,000 shares. Based on an average trading volume of 522,900 shares, the days-to-cover ratio is presently 2.9 days. Approximately 3.4% of the company's stock 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), GATX (GATX), WESCO International (WCC), Applied Industrial Technologies (AIT), Beacon Roofing Supply (BECN), Rush Enterprises (RUSHA), Kaman (KAMN), Textainer Group (TGH), H&E Equipment Services (HEES), 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), AT&T (T), Cisco Systems (CSCO), IBM (IBM), Intel (INTC), Bristol-Myers Squibb (BMY), AbbVie (ABBV), 3M (MMM) 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 a number of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (7.12%), New South Capital Management Inc. (2.69%), Yacktman Asset Management LP (2.24%), Paradice Investment Management LLC (1.67%), Bank of New York Mellon Corp (1.65%) and First Trust Advisors LP (1.45%). 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 acquired by a variety of institutional investors in the last quarter, including Skandinaviska Enskilda Banken AB publ, Charles Schwab Investment Management Inc., Capital Advisors Inc. OK, Balyasny Asset Management LLC, Alyeska Investment Group L.P., Alberta Investment Management Corp, Paradice Investment Management LLC, and Bank of New York Mellon Corp.
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 $64.69.

MSC Industrial Direct has a market capitalization of $3.58 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]