MSC Industrial Direct - MSM Stock Forecast, Price & News

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for MSC Industrial Direct in the last year. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" MSM shares.
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4 Wall Street analysts have issued 12 month target prices for MSC Industrial Direct's stock. Their MSM share price forecasts range from $84.00 to $100.00. On average, they expect the company's share price to reach $93.00 in the next year. This suggests a possible upside of 10.7% from the stock's current price.
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MSC Industrial Direct's stock was trading at $81.70 at the beginning of the year. Since then, MSM stock has increased by 2.8% and is now trading at $84.00.
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MSC Industrial Direct saw a drop in short interest during the month of March. As of March 15th, there was short interest totaling 818,600 shares, a drop of 18.1% from the February 28th total of 1,000,000 shares. Based on an average daily trading volume, of 338,700 shares, the short-interest ratio is currently 2.4 days. Approximately 1.8% of the company's stock are sold short.
View MSC Industrial Direct's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 4th 2023.
View our MSM earnings forecast.

MSC Industrial Direct will be holding an earnings conference call on Tuesday, April 4th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link.

MSC Industrial Direct Co., Inc. (NYSE:MSM) released its quarterly earnings results on Thursday, January, 5th. The industrial products company reported $1.48 EPS for the quarter, beating analysts' consensus estimates of $1.46 by $0.02. The industrial products company earned $957.75 million during the quarter, compared to analyst estimates of $948.17 million. MSC Industrial Direct had a trailing twelve-month return on equity of 26.97% and a net margin of 9.34%.

MSC Industrial Direct declared a quarterly dividend on Wednesday, March 22nd. Investors of record on Tuesday, April 11th will be given a dividend of $0.79 per share on Tuesday, April 25th. This represents a $3.16 dividend on an annualized basis and a yield of 3.76%. The ex-dividend date is Monday, April 10th.
Read our dividend analysis for MSM.

ETFs with the largest weight of MSC Industrial Direct (NYSE:MSM) stock in their portfolio include Sound Equity Income ETF (SDEI), VictoryShares US Small Cap High Div Volatility Wtd ETF (CSB), Invesco S&P MidCap Low Volatility ETF (XMLV), First Trust Industrials/Producer Durables AlphaDEX Fund (FXR), Invesco S&P MidCap Quality ETF (XMHQ), First Trust Horizon Managed Volatility Small/Mid ETF (HSMV), iShares MSCI USA Small-Cap Min Vol Factor ETF (SMMV) and iShares Select Dividend ETF (DVY).

MSC Industrial Direct (NYSE:MSM) pays an annual dividend of $3.16 per share and currently has a dividend yield of 3.81%. The company has been increasing its dividend for 19 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 49.84%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MSM will have a dividend payout ratio of 51.55% 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."

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 $84.00.

MSC Industrial Direct (NYSE:MSM) has a market capitalization of $4.69 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 $6.34 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.