MSC Industrial Direct (MSM) Earns Daily News Impact Rating of 0.06
Media stories about MSC Industrial Direct (NYSE:MSM) have been trending somewhat positive recently, according to Accern Sentiment. The research group identifies positive and negative news coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. MSC Industrial Direct earned a news impact score of 0.06 on Accern’s scale. Accern also gave press coverage about the industrial products company an impact score of 46.0586650781467 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the media headlines that may have impacted Accern Sentiment’s analysis:
- Zacks: Brokerages Expect MSC Industrial Direct Company, Inc. (MSM) Will Post Quarterly Sales of $741.76 Million (americanbankingnews.com)
- Focusing in on Shares of MSC Industrial Direct Co., Inc. (NYSE:MSM) (techkenyot.com)
- MSC Industrial Direct Company, (NYSE:MSM) Sees Significantly Higher Trading Volume (currenthollywood.com)
- $0.99 EPS Expected for MSC Industrial Direct Company, Inc. (MSM) This Quarter (americanbankingnews.com)
- MSC Industrial Direct Company, (NYSE:MSM) Experiences Heavy Trading Volume (iphonefresh.com)
Several research firms recently issued reports on MSM. TheStreet cut MSC Industrial Direct from a “b” rating to a “c+” rating in a report on Wednesday, August 16th. J P Morgan Chase & Co cut MSC Industrial Direct from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $80.00 to $76.00 in a report on Friday, August 4th. Zacks Investment Research upgraded MSC Industrial Direct from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. BidaskClub cut MSC Industrial Direct from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th. Finally, Northcoast Research began coverage on MSC Industrial Direct in a report on Tuesday, July 25th. They issued a “neutral” rating on the stock. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $91.75.
Shares of MSC Industrial Direct (MSM) opened at 67.06 on Tuesday. MSC Industrial Direct has a 52-week low of $65.42 and a 52-week high of $105.70. The stock’s 50 day moving average price is $71.98 and its 200-day moving average price is $87.85. The firm has a market cap of $3.82 billion, a price-to-earnings ratio of 16.72 and a beta of 0.50.
MSC Industrial Direct (NYSE:MSM) last posted its quarterly earnings data on Wednesday, July 12th. The industrial products company reported $1.09 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.09. The business had revenue of $743.90 million for the quarter, compared to analysts’ expectations of $744.49 million. MSC Industrial Direct had a return on equity of 20.05% and a net margin of 8.07%. The business’s revenue was up 2.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.05 EPS. On average, analysts forecast that MSC Industrial Direct will post $3.98 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 1st. Shareholders of record on Tuesday, July 18th were given a dividend of $0.45 per share. The ex-dividend date was Friday, July 14th. This represents a $1.80 annualized dividend and a yield of 2.68%. MSC Industrial Direct’s payout ratio is 45.11%.
In related news, Director Philip Peller purchased 1,000 shares of the company’s stock in a transaction dated Wednesday, July 19th. The shares were purchased at an average cost of $72.00 per share, with a total value of $72,000.00. Following the transaction, the director now directly owns 2,422 shares in the company, valued at approximately $174,384. The purchase was disclosed in a document filed with the SEC, which is available through this link. Insiders own 31.28% of the company’s stock.
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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