MSC Industrial Direct (MSM) Given Media Sentiment Rating of 0.15

Media stories about MSC Industrial Direct (NYSE:MSM) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies negative and positive press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. MSC Industrial Direct earned a coverage optimism score of 0.15 on Accern’s scale. Accern also gave press coverage about the industrial products company an impact score of 45.6998311573003 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

These are some of the news stories that may have impacted Accern Sentiment’s scoring:

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NYSE MSM traded down $3.62 on Monday, reaching $88.09. The company’s stock had a trading volume of 130,834 shares, compared to its average volume of 747,504. MSC Industrial Direct has a twelve month low of $65.42 and a twelve month high of $104.59. The company has a current ratio of 1.92, a quick ratio of 1.04 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $5,177.58, a price-to-earnings ratio of 22.15, a PEG ratio of 1.33 and a beta of 0.59.

MSC Industrial Direct (NYSE:MSM) last issued its quarterly 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 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%. MSC Industrial Direct’s revenue was up 12.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.95 earnings per share. research analysts predict that MSC Industrial Direct will post 5.06 earnings per share for the current year.

MSC Industrial Direct announced that its board has initiated a stock buyback program on Wednesday, January 10th that authorizes the company to buyback 2,000,000 outstanding shares. This buyback authorization authorizes the industrial products company to buy shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s management believes its shares are undervalued.

Several equities analysts have recently issued reports on MSM shares. Credit Suisse Group set a $100.00 price target on shares of MSC Industrial Direct and gave the company a “buy” rating in a report on Monday, December 4th. Stifel Nicolaus reissued a “hold” rating and set a $93.00 price target on shares of MSC Industrial Direct in a report on Monday, December 11th. Northcoast Research raised shares of MSC Industrial Direct from a “neutral” rating to a “buy” rating in a report on Friday, December 15th. Zacks Investment Research raised shares of MSC Industrial Direct from a “hold” rating to a “buy” rating and set a $108.00 price objective for the company in a report on Wednesday, January 3rd. Finally, UBS downgraded shares of MSC Industrial Direct from a “strong-buy” rating to an “outperform” rating in a report on Thursday, January 4th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $96.54.

In other MSC Industrial Direct news, SVP Christopher Davanzo sold 12,046 shares of the business’s stock in a transaction dated Thursday, January 11th. The stock was sold at an average price of $93.43, for a total transaction of $1,125,457.78. Following the sale, the senior vice president now owns 12,432 shares in the company, valued at approximately $1,161,521.76. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Mitchell Jacobson sold 362,753 shares of the company’s stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $94.09, for a total value of $34,131,429.77. Following the completion of the transaction, the director now owns 90,000 shares in the company, valued at approximately $8,468,100. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 783,437 shares of company stock worth $74,083,049. Corporate 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.

Insider Buying and Selling by Quarter for MSC Industrial Direct (NYSE:MSM)

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