News articles about MSC Industrial Direct (NYSE:MSM) have trended somewhat positive this week, according to Accern Sentiment. Accern identifies positive and negative press coverage by monitoring more than 20 million news and blog 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 0.24 on Accern’s scale. Accern also gave media stories about the industrial products company an impact score of 46.1702566149609 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the media stories that may have effected Accern Sentiment’s scoring:
- Q4 2018 EPS Estimates for MSC Industrial Direct Co Inc Boosted by Analyst (MSM) (americanbankingnews.com)
- Insider Selling: MSC Industrial Direct Co Inc (MSM) SVP Sells 12,046 Shares of Stock (americanbankingnews.com)
- MSC Industrial Direct Getting Closer To Key Technical Measure (finance.yahoo.com)
- Northcoast Research Analysts Boost Earnings Estimates for MSC Industrial Direct Co Inc (MSM) (americanbankingnews.com)
- MSC Industrial Direct (MSM) Price Target Increased to $100.00 by Analysts at Stifel Nicolaus (americanbankingnews.com)
MSC Industrial Direct (MSM) traded up $0.18 during trading hours on Friday, reaching $94.75. The company had a trading volume of 691,098 shares, compared to its average volume of 583,102. The company has a market cap of $5,343.05, a P/E ratio of 22.89, a price-to-earnings-growth ratio of 1.81 and a beta of 0.67. MSC Industrial Direct has a one year low of $65.42 and a one year high of $105.70. The company has a quick ratio of 0.97, a current ratio of 1.92 and a debt-to-equity ratio of 0.16.
MSC Industrial Direct (NYSE:MSM) last released its earnings results on Wednesday, January 10th. The industrial products company reported $1.05 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.06 by ($0.01). The firm had revenue of $768.60 million during the quarter, compared to the consensus estimate of $770.95 million. MSC Industrial Direct had a return on equity of 19.37% and a net margin of 7.97%. The business’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.95 EPS. research analysts anticipate that MSC Industrial Direct will post 4.8 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 30th. Shareholders of record on Tuesday, January 16th will be paid a $0.58 dividend. This is a boost from MSC Industrial Direct’s previous quarterly dividend of $0.48. This represents a $2.32 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date is Friday, January 12th. MSC Industrial Direct’s payout ratio is 46.38%.
MSC Industrial Direct declared that its Board of Directors has approved a share buyback program on Wednesday, January 10th that authorizes the company to repurchase 2,000,000 outstanding shares. This repurchase authorization authorizes the industrial products company to purchase shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.
A number of brokerages have recently issued reports on MSM. Stifel Nicolaus reiterated a “hold” rating and set a $100.00 price target (up previously from $98.00) on shares of MSC Industrial Direct in a research report on Friday. Stephens set a $114.00 price target on MSC Industrial Direct and gave the company a “buy” rating in a research report on Wednesday. Zacks Investment Research upgraded MSC Industrial Direct from a “hold” rating to a “buy” rating and set a $110.00 price target for the company in a research report on Wednesday. Credit Suisse Group reiterated an “outperform” rating and set a $112.00 price target (up previously from $100.00) on shares of MSC Industrial Direct in a research report on Tuesday, January 9th. Finally, Susquehanna Bancshares reiterated a “hold” rating and set a $92.00 price target on shares of MSC Industrial Direct in a research report on Wednesday, January 3rd. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $95.54.
In other MSC Industrial Direct news, Director Mitchell Jacobson sold 33,866 shares of MSC Industrial Direct stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $82.39, for a total value of $2,790,219.74. Following the transaction, the director now directly owns 35,932 shares of the company’s stock, valued at approximately $2,960,437.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Christopher Davanzo sold 12,046 shares of MSC Industrial Direct stock in a transaction that occurred on Thursday, January 11th. The stock was sold at an average price of $93.43, for a total value of $1,125,457.78. Following the completion of the transaction, the senior vice president now directly owns 12,432 shares in the company, valued at $1,161,521.76. The disclosure for this sale can be found here. Insiders sold a total of 237,587 shares of company stock worth $19,390,269 over the last ninety days. 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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