MSC Industrial Direct Stock Forecast, Price & 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 62.7% and is now trading at $86.80.
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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 1 sell rating, 5 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for MSC Industrial Direct.

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MSC Industrial Direct is scheduled to release its next quarterly earnings announcement on Wednesday, January 13th 2021.
View our earnings forecast for MSC Industrial Direct.

MSC Industrial Direct Co., Inc. (NYSE:MSM) announced its quarterly earnings results on Tuesday, October, 27th. The industrial products company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.15. The industrial products company had revenue of $747.70 million for the quarter, compared to the consensus estimate of $747.80 million. MSC Industrial Direct had a return on equity of 19.38% and a net margin of 7.87%. The firm's revenue for the quarter was down 11.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.30 earnings per share.
View MSC Industrial Direct's earnings history.

MSC Industrial Direct declared a None dividend on Tuesday, November 17th. Shareholders of record on Tuesday, December 1st will be paid a dividend of $3.50 per share on Tuesday, December 15th. The ex-dividend date is Monday, November 30th.
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 12-month price objectives for MSC Industrial Direct's stock. Their forecasts range from $65.00 to $96.00. On average, they expect MSC Industrial Direct's share price to reach $74.57 in the next year. This suggests that the stock has a possible downside of 14.1%.
View analysts' price targets for 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), WESCO International (WCC), Applied Industrial Technologies (AIT), GATX (GATX), Beacon Roofing Supply (BECN), Rush Enterprises (RUSHA), Kaman (KAMN), Textainer Group (TGH), H&E Equipment Services (HEES), MRC Global (MRC) and Titan Machinery (TITN).
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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), 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 a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (6.98%), Yacktman Asset Management LP (2.36%), State Street Corp (1.94%), First Trust Advisors LP (1.81%), Charles Schwab Investment Management Inc. (1.35%) and AQR Capital Management LLC (1.14%). Company insiders that own MSC Industrial Direct stock include Charles Bonomo, 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 Public Employees Retirement System of Ohio, Skandinaviska Enskilda Banken AB publ, BlackRock Inc., State Street Corp, Aperio Group LLC, QV Investors Inc., Miller Howard Investments Inc. NY, and Segall Bryant & Hamill 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 AQR Capital Management LLC, Westwood Holdings Group Inc., First Trust Advisors LP, Sprucegrove Investment Management Ltd., Acadian Asset Management LLC, Morgan Stanley, JPMorgan Chase & Co., and Royce & Associates LP.
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 $86.80.

MSC Industrial Direct has a market capitalization of $4.83 billion and generates $3.19 billion in revenue each year. The industrial products company earns $251.76 million in net income (profit) each year or $4.74 on an earnings per share basis. MSC Industrial Direct employs 6,315 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]