MSC Industrial Direct (MSM) Given Coverage Optimism Score of 0.20

News headlines about MSC Industrial Direct (NYSE:MSM) have been trending somewhat positive on Monday, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. MSC Industrial Direct earned a daily sentiment score of 0.20 on Accern’s scale. Accern also gave media coverage about the industrial products company an impact score of 46.8707890300801 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

Here are some of the headlines that may have impacted Accern’s analysis:

Several brokerages recently issued reports on MSM. Zacks Investment Research lowered shares of MSC Industrial Direct from a “buy” rating to a “hold” rating in a research note on Tuesday, October 17th. KeyCorp reissued a “hold” rating on shares of MSC Industrial Direct in a research note on Sunday, September 17th. Susquehanna Bancshares reissued a “hold” rating and set a $92.00 target price on shares of MSC Industrial Direct in a research note on Wednesday, January 3rd. BMO Capital Markets reissued a “market perform” rating on shares of MSC Industrial Direct in a research note on Tuesday, September 12th. Finally, TheStreet raised shares of MSC Industrial Direct from a “c+” rating to a “b-” rating in a research note on Tuesday, November 28th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company’s stock. MSC Industrial Direct has a consensus rating of “Hold” and an average target price of $92.25.

MSC Industrial Direct (NYSE:MSM) traded up $0.93 during trading on Monday, hitting $98.38. 582,358 shares of the company’s stock were exchanged, compared to its average volume of 606,400. MSC Industrial Direct has a 12-month low of $65.42 and a 12-month high of $105.70. The company has a market capitalization of $5,495.30, a price-to-earnings ratio of 24.35, a price-to-earnings-growth ratio of 1.90 and a beta of 0.67. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.80 and a quick ratio of 0.97.

MSC Industrial Direct (NYSE:MSM) last released its quarterly earnings data on Tuesday, October 31st. The industrial products company reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.99 by $0.08. MSC Industrial Direct had a net margin of 8.01% and a return on equity of 19.42%. The firm had revenue of $753.80 million for the quarter, compared to analyst estimates of $745.80 million. During the same period last year, the firm earned $1.02 earnings per share. The business’s quarterly revenue was up 1.2% compared to the same quarter last year. sell-side analysts forecast that MSC Industrial Direct will post 4.45 earnings per share for the current fiscal year.

The firm also recently disclosed 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 represents a $2.32 dividend on an annualized basis and a dividend yield of 2.36%. This is a positive change from MSC Industrial Direct’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Friday, January 12th. MSC Industrial Direct’s dividend payout ratio (DPR) is 47.52%.

In other MSC Industrial Direct news, Director Mitchell Jacobson sold 104,101 shares of the firm’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $80.91, for a total value of $8,422,811.91. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Steven N. Baruch sold 5,762 shares of the firm’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $81.25, for a total transaction of $468,162.50. The disclosure for this sale can be found here. Insiders sold 225,541 shares of company stock worth $18,264,812 over the last ninety days. Insiders own 31.38% of the company’s stock.

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MSC Industrial Direct Company Profile

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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