MSC Industrial Direct (MSM) Earning Somewhat Favorable News Coverage, Report Shows
Press coverage about MSC Industrial Direct (NYSE:MSM) has been trending somewhat positive recently, Accern reports. The research firm rates the sentiment of media coverage by analyzing more than 20 million blog and news sources. 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 0.11 on Accern’s scale. Accern also gave news coverage about the industrial products company an impact score of 46.4146211539835 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
MSC Industrial Direct (NYSE:MSM) traded down $2.14 on Friday, hitting $91.37. The stock had a trading volume of 676,676 shares, compared to its average volume of 970,064. The company has a quick ratio of 1.04, a current ratio of 1.92 and a debt-to-equity ratio of 0.16. The firm has a market cap of $5,300.09 and a PE ratio of 22.07. MSC Industrial Direct has a 1-year low of $65.42 and a 1-year high of $105.70.
MSC Industrial Direct (NYSE:MSM) last posted its quarterly earnings results on Wednesday, January 10th. The industrial products company reported $1.05 EPS for the quarter, missing the consensus estimate of $1.06 by ($0.01). The business had revenue of $768.60 million during the quarter, compared to analyst estimates of $770.95 million. MSC Industrial Direct had a net margin of 7.97% and a return on equity of 19.37%. The firm’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.95 earnings per share. sell-side analysts expect that MSC Industrial Direct will post 5 EPS for the current fiscal year.
MSC Industrial Direct announced that its board has approved a stock repurchase plan on Wednesday, January 10th that allows the company to repurchase 2,000,000 shares. This repurchase authorization allows the industrial products company to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.
MSM has been the subject of a number of recent research reports. Credit Suisse Group set a $93.00 price objective on MSC Industrial Direct and gave the stock a “buy” rating in a research report on Friday, October 6th. BMO Capital Markets reaffirmed a “market perform” rating and set a $83.00 price objective (up from $79.00) on shares of MSC Industrial Direct in a research report on Monday, October 9th. Zacks Investment Research raised MSC Industrial Direct from a “hold” rating to a “buy” rating and set a $85.00 price objective for the company in a research report on Wednesday, October 11th. Gabelli raised MSC Industrial Direct from a “hold” rating to a “buy” rating and set a $94.00 price objective for the company in a research report on Friday, October 13th. Finally, KeyCorp reaffirmed a “hold” rating on shares of MSC Industrial Direct in a research report on Tuesday, October 17th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company. MSC Industrial Direct has an average rating of “Hold” and a consensus target price of $95.92.
In other news, EVP Steven N. Baruch sold 5,762 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $81.25, for a total value of $468,162.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Mitchell Jacobson sold 13,582 shares of the firm’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $81.91, for a total value of $1,112,501.62. The disclosure for this sale can be found here. Insiders sold a total of 975,112 shares of company stock valued at $89,557,641 over the last three months. 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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