MSC Industrial Direct (MSM) Receives Daily News Sentiment Score of 0.11
Media coverage about MSC Industrial Direct (NYSE:MSM) has trended somewhat positive this week, according to Accern. The research group identifies positive and negative media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. MSC Industrial Direct earned a news impact score of 0.11 on Accern’s scale. Accern also gave news headlines about the industrial products company an impact score of 46.1431105305524 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news articles that may have impacted Accern Sentiment’s analysis:
- MSC Industrial Direct (MSM) & Nordson Corporation (NDSN) Financial Review (americanbankingnews.com)
- Reviewing MSC Industrial Direct (MSM) and Its Peers (americanbankingnews.com)
- MSC Industrial Direct Company, Inc. (MSM) Upgraded by Zacks Investment Research to Buy (americanbankingnews.com)
- MSC Industrial Direct Company, Inc. (MSM) Receives Average Rating of “Hold” from Brokerages (americanbankingnews.com)
- Analyzing MSC Industrial Direct (MSM) and Intevac (IVAC) (americanbankingnews.com)
Several equities research analysts recently weighed in on the company. Zacks Investment Research lowered MSC Industrial Direct from a “buy” rating to a “hold” rating in a research report on Friday, September 29th. Susquehanna Bancshares Inc started coverage on MSC Industrial Direct in a report on Monday, September 25th. They issued a “neutral” rating and a $77.00 price objective for the company. KeyCorp reissued a “hold” rating on shares of MSC Industrial Direct in a research report on Sunday, September 17th. BMO Capital Markets reissued a “market perform” rating on shares of MSC Industrial Direct in a research report on Tuesday, September 12th. Finally, TheStreet lowered MSC Industrial Direct from a “b” rating to a “c+” rating in a research report on Wednesday, August 16th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $89.38.
MSC Industrial Direct (MSM) opened at 75.82 on Wednesday. The company has a 50-day moving average of $70.71 and a 200-day moving average of $81.70. MSC Industrial Direct has a 52 week low of $65.42 and a 52 week high of $105.70. The company has a market cap of $4.32 billion, a PE ratio of 18.91 and a beta of 0.53.
MSC Industrial Direct (NYSE:MSM) last issued its quarterly earnings data on Wednesday, July 12th. The industrial products company reported $1.09 EPS for the quarter, hitting analysts’ consensus estimates of $1.09. The company had revenue of $743.90 million during the quarter, compared to the consensus estimate of $744.49 million. MSC Industrial Direct had a net margin of 8.07% and a return on equity of 20.05%. MSC Industrial Direct’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.05 earnings per share. On average, equities analysts expect that MSC Industrial Direct will post $3.97 EPS for the current year.
In related news, Director Philip Peller purchased 1,000 shares of MSC Industrial Direct stock in a transaction dated Wednesday, July 19th. The stock was purchased at an average cost of $72.00 per share, with a total value of $72,000.00. Following the transaction, the director now 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 the SEC website. 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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