MSC Industrial Direct - MSM Stock Forecast, Price & News

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MSC Industrial Direct in the last twelve months. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" MSM shares.
View MSM analyst ratings or view top-rated stocks.

3 brokerages have issued 12 month price targets for MSC Industrial Direct's stock. Their MSM share price forecasts range from $93.00 to $100.00. On average, they predict the company's share price to reach $98.25 in the next year. This suggests a possible upside of 34.0% from the stock's current price.
View analysts price targets for MSM or view top-rated stocks among Wall Street analysts.

MSC Industrial Direct's stock was trading at $84.06 on January 1st, 2022. Since then, MSM shares have decreased by 12.8% and is now trading at $73.30.
View the best growth stocks for 2022 here.

MSC Industrial Direct saw a drop in short interest in the month of September. As of September 15th, there was short interest totaling 1,090,000 shares, a drop of 30.1% from the August 31st total of 1,560,000 shares. Based on an average trading volume of 347,500 shares, the days-to-cover ratio is presently 3.1 days. Currently, 2.4% 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 Thursday, October 20th 2022.
View our MSM earnings forecast.

MSC Industrial Direct will be holding an earnings conference call on Thursday, October 20th 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) announced its quarterly earnings data on Wednesday, December, 22nd. The industrial products company reported $1.25 earnings per share for the quarter, topping analysts' consensus estimates of $1.20 by $0.05. The industrial products company earned $848.50 million during the quarter, compared to analysts' expectations of $839.63 million. MSC Industrial Direct had a net margin of 8.62% and a trailing twelve-month return on equity of 25.72%. The company's revenue for the quarter was up 9.9% on a year-over-year basis. During the same period last year, the company earned $1.10 EPS.

MSC Industrial Direct announced a quarterly dividend on Tuesday, June 21st. Stockholders of record on Tuesday, July 12th will be paid a dividend of $0.75 per share on Tuesday, July 26th. This represents a $3.00 annualized dividend and a dividend yield of 4.09%. The ex-dividend date is Monday, July 11th.
Read our dividend analysis for MSM.

MSC Industrial Direct (NYSE:MSM) pays an annual dividend of $3.00 per share and currently has a dividend yield of 4.17%. MSM has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 18 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 55.66%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MSM will have a dividend payout ratio of 47.85% 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."

MSC Industrial Direct's stock is owned by a number of institutional and retail investors. Top institutional investors include State Street Corp (2.25%), Yacktman Asset Management LP (2.22%), Paradice Investment Management LLC (1.10%), Clearbridge Investments LLC (1.08%), Pzena Investment Management LLC (0.82%) and AQR Capital Management LLC (0.79%). Insiders that own company stock include Charles Bonomo, Douglas E Jones, Douglas E Jones, Edward F Martin, Jr, Elizabeth Bledsoe, Gregory Polli, Kari D Heerdt, Kimberly Shacklett, Louise K Goeser, Mitchell Jacobson, Philip Peller, Rustom Jilla, Steve Armstrong and Steven N Baruch.
View institutional ownership trends.

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.
Compare Top Brokerages Here.

One share of MSM stock can currently be purchased for approximately $73.30.

MSC Industrial Direct (NYSE:MSM) has a market capitalization of $4.10 billion and generates $3.24 billion in revenue each year. The industrial products company earns $216.91 million in net income (profit) each year or $5.39 on an earnings per share basis.

The company employs 6,571 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.