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 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, MSM stock has increased by 26.6% and is now trading at $67.53.
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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) issued its earnings results on Wednesday, July, 8th. The industrial products company reported $1.40 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $1.16 by $0.24. The industrial products company earned $834.97 million during the quarter, compared to analyst estimates 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 announced 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 dividend on an annualized basis and a yield of 4.44%. The ex-dividend date 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 equities research analysts have issued 1-year price targets for MSC Industrial Direct's stock. Their forecasts range from $60.00 to $82.00. On average, they expect MSC Industrial Direct's share price to reach $71.43 in the next twelve months. This suggests a possible upside of 5.8% from the stock's current price.
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News headlines about MSM stock have trended somewhat positive on Tuesday, InfoTrie reports. InfoTrie scores the sentiment of press coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. MSC Industrial Direct earned a media sentiment score of 0.8 on InfoTrie's scale. They also gave media stories about the industrial products company a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an impact on the company's share price in the near future.
View the latest news about MSC Industrial Direct.

MSC Industrial Direct saw a drop in short interest in June. As of June 30th, there was short interest totaling 1,380,000 shares, a drop of 24.6% from the June 15th total of 1,830,000 shares. Based on an average trading volume of 574,700 shares, the short-interest ratio is presently 2.4 days. Approximately 3.1% of the company's stock are sold short.
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), Beacon Roofing Supply (BECN), GATX (GATX), Rush Enterprises (RUSHA), WESCO International (WCC), Kaman (KAMN), H&E Equipment Services (HEES), Textainer Group (TGH), 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), 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 a number of institutional and retail investors. Top institutional investors include First Trust Advisors LP (1.45%), Copeland Capital Management LLC (0.82%), Pzena Investment Management LLC (0.55%), QV Investors Inc. (0.39%), ProShare Advisors LLC (0.38%) and Professional Advisory Services Inc. (0.26%). 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 UBS Group AG, Pzena Investment Management LLC, First Trust Advisors LP, Professional Advisory Services Inc., MERIAN GLOBAL INVESTORS UK Ltd, Dupont Capital Management Corp, Copeland Capital Management LLC, and QV Investors Inc.. 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 Mackay Shields LLC, Moody Aldrich Partners LLC, Strs Ohio, Janney Montgomery Scott LLC, Raymond James & Associates, Comerica Bank, ProShare Advisors LLC, and Nwam LLC.
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 $67.53.

MSC Industrial Direct has a market capitalization of $3.74 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]