Somewhat Favorable News Coverage Somewhat Unlikely to Affect MSC Industrial Direct (MSM) Stock Price
Headlines about MSC Industrial Direct (NYSE:MSM) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. MSC Industrial Direct earned a media sentiment score of 0.07 on Accern’s scale. Accern also assigned headlines about the industrial products company an impact score of 45.7313061953347 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the headlines that may have effected Accern’s rankings:
- BRIEF-MSM Malaysia Holdings says qtrly revenue 668.5 million rgt (finance.yahoo.com)
- Steven N. Baruch Sells 5,762 Shares of MSC Industrial Direct Company, Inc. (MSM) Stock (americanbankingnews.com)
- MSC Industrial Direct Company, Inc. (MSM) Director Sells $2,483,953.92 in Stock (americanbankingnews.com)
- MSC Industrial Direct Company, Inc. (MSM) Director Sells $8,422,811.91 in Stock (americanbankingnews.com)
- MSC Industrial Direct Company, Inc. (MSM) Given Average Recommendation of “Hold” by Analysts (americanbankingnews.com)
A number of brokerages have issued reports on MSM. BMO Capital Markets raised their target price on MSC Industrial Direct from $83.00 to $92.00 and gave the stock a “market perform” rating in a research note on Wednesday, November 1st. Wells Fargo & Company set a $86.00 target price on MSC Industrial Direct and gave the stock a “hold” rating in a research note on Wednesday, November 1st. Stifel Nicolaus reaffirmed a “hold” rating and issued a $84.00 target price on shares of MSC Industrial Direct in a research note on Friday, November 3rd. Credit Suisse Group set a $93.00 target price on MSC Industrial Direct and gave the stock a “buy” rating in a research note on Friday, October 6th. Finally, Gabelli raised MSC Industrial Direct from a “hold” rating to a “buy” rating and set a $94.00 target price for the company in a research note on Friday, October 13th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $88.31.
MSC Industrial Direct (NYSE MSM) traded down $0.02 during midday trading on Friday, hitting $81.47. The stock had a trading volume of 105,375 shares, compared to its average volume of 617,969. The stock has a market cap of $4,590.00, a PE ratio of 20.17, a PEG ratio of 1.59 and a beta of 0.64. The company has a current ratio of 1.80, a quick ratio of 0.97 and a debt-to-equity ratio of 0.16. MSC Industrial Direct has a fifty-two week low of $65.42 and a fifty-two week high of $105.70.
MSC Industrial Direct (NYSE:MSM) last released its quarterly earnings results on Tuesday, October 31st. The industrial products company reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.99 by $0.08. The business had revenue of $753.80 million during the quarter, compared to analysts’ expectations of $745.80 million. MSC Industrial Direct had a return on equity of 19.42% and a net margin of 8.01%. The company’s revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.02 EPS. analysts expect that MSC Industrial Direct will post 4.45 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 28th. Stockholders of record on Tuesday, November 14th will be issued a dividend of $0.48 per share. The ex-dividend date of this dividend is Monday, November 13th. This is a boost from MSC Industrial Direct’s previous quarterly dividend of $0.45. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.36%. MSC Industrial Direct’s dividend payout ratio is currently 47.52%.
In other news, EVP Steven N. Baruch sold 5,762 shares of the stock in a transaction on Monday, November 20th. The stock was sold at an average price of $81.25, for a total transaction of $468,162.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mitchell Jacobson sold 104,101 shares of the stock in a transaction on Monday, November 20th. The stock was sold at an average price of $80.91, for a total value of $8,422,811.91. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 225,541 shares of company stock valued at $18,264,812. Company insiders own 31.28% of the company’s stock.
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About MSC Industrial Direct
MSC Industrial Direct Co, Inc is a North American distributor of metalworking and maintenance, repair and operations (MRO) products and services. The Company’s range of MRO products include cutting tools, measuring instruments, tooling components, metalworking products, fasteners, flat stock, raw materials, abrasives, machinery hand and power tools, safety and janitorial supplies, plumbing supplies, materials handling products, power transmission components and electrical supplies.
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