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. Since then, MSM stock has increased by 23.4% and is now trading at $65.82.
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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 Tuesday, October 27th 2020.
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MSC Industrial Direct will be holding an earnings conference call on Tuesday, October 27th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

MSC Industrial Direct Co Inc (NYSE:MSM) issued its quarterly earnings results on Wednesday, July, 8th. The industrial products company reported $1.40 EPS 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 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. Stockholders 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 4.56%. 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 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 $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 8.5% from the stock's current price.
View analysts' price targets for MSC Industrial Direct.

MSC Industrial Direct saw a drop in short interest during the month of September. As of September 30th, there was short interest totaling 1,480,000 shares, a drop of 12.9% from the September 15th total of 1,700,000 shares. Based on an average daily trading volume, of 443,200 shares, the days-to-cover ratio is currently 3.3 days. Approximately 3.3% 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), Beacon Roofing Supply (BECN), Applied Industrial Technologies (AIT), GATX (GATX), WESCO International (WCC), 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 variety of retail and institutional investors. Top institutional investors include QV Investors Inc. (0.34%), Professional Advisory Services Inc. (0.30%), Mountain Pacific Investment Advisers Inc. ID (0.20%), Envestnet Asset Management Inc. (0.12%), Martin Capital Partners LLC (0.12%) and Verity & Verity LLC (0.09%). 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 QV Investors Inc., Denali Advisors LLC, Rockland Trust Co., Red Spruce Capital LLC, State of Alaska Department of Revenue, 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 acquired by a variety of institutional investors in the last quarter, including Professional Advisory Services Inc., Bowling Portfolio Management LLC, Envestnet Asset Management Inc., Pacer Advisors Inc., Sound Income Strategies LLC, Martin Capital Partners LLC, Campbell & CO Investment Adviser LLC, and Verity & Verity 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 $65.82.

MSC Industrial Direct has a market capitalization of $3.65 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]