MSC Industrial Direct - MSM Stock Forecast, Price & News

4 Wall Street 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 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 shares. Their MSM share price forecasts range from $84.00 to $100.00. On average, they predict the company's share price to reach $93.00 in the next year. This suggests a possible upside of 12.5% from the stock's current price.
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MSC Industrial Direct's stock was trading at $81.70 on January 1st, 2023. Since then, MSM shares have increased by 1.2% and is now trading at $82.70.
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MSC Industrial Direct saw a increase in short interest in January. As of January 15th, there was short interest totaling 1,240,000 shares, an increase of 76.3% from the December 31st total of 703,400 shares. Based on an average trading volume of 341,000 shares, the days-to-cover ratio is presently 3.6 days. Currently, 2.7% of the company's stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, March 29th 2023.
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MSC Industrial Direct Co., Inc. (NYSE:MSM) released its quarterly earnings results on Thursday, January, 5th. The industrial products company reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.02. The industrial products company had revenue of $957.75 million for the quarter, compared to analyst estimates of $948.17 million. MSC Industrial Direct had a net margin of 9.34% and a trailing twelve-month return on equity of 26.97%.

MSC Industrial Direct declared a quarterly dividend on Friday, December 16th. Investors of record on Tuesday, January 10th will be given a dividend of $0.79 per share on Tuesday, January 24th. This represents a $3.16 annualized dividend and a dividend yield of 3.82%. The ex-dividend date of this dividend is Monday, January 9th.
Read our dividend analysis for MSM.

MSC Industrial Direct (NYSE:MSM) pays an annual dividend of $3.16 per share and currently has a dividend yield of 3.91%. 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."

MSC Industrial Direct's stock is owned by many different institutional and retail investors. Top institutional shareholders include Boston Trust Walden Corp (0.71%), Yacktman Asset Management LP (0.53%), Professional Advisory Services Inc. (0.40%), New York State Common Retirement Fund (0.23%), Mountain Pacific Investment Advisers Inc. ID (0.20%) and State of Alaska Department of Revenue (0.18%). Insiders that own company stock include Charles Bonomo, Douglas E Jones, Douglas E Jones, Edward F Martin, Jr, Elizabeth Bledsoe, Erik Gershwind, Gregory Polli, Kari D Heerdt, Kimberly Shacklett, Louise K Goeser, Mitchell Jacobson, Philip Peller, Steve Armstrong and Steven N Baruch.
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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 $82.70.

MSC Industrial Direct (NYSE:MSM) has a market capitalization of $4.62 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.