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Tuesday, January 31, 2023

An Evaluation Of MSC Industrial Direct Co. Inc. (NYSE: MSM) Prospects

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for MSC Industrial Direct Co. Inc. (MSM) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.22, or 0.28%, to $78.58. The MSC Industrial Direct Co. Inc. has recorded 15,245 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed MSC INDUSTRIAL SUPPLY CO. REPORTS FISCAL 2023 FIRST QUARTER RESULTS.


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Stocks Info

MSM belongs to the Industrials sector of the NYSE while operating in the Industrial Distribution industry. At the end of the last regular session, the stock closed at $78.36 and fluctuated between $78.37 as its day high and $76.76 as its day low. The current market capitalization of MSC Industrial Direct Co. Inc. is $4.31B. A total of 0.61 million shares were traded on the day, compared to an average of 341.74K shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, MSM has seen 63 BUY and 26 SELL insider trades, representing the acquisition of 136,026 and the disposition of 55,553 shares. Over the last 12 months, there were 106 BUYs and 50 SELLs from insiders. Insiders purchased 526,977 shares during that period but sold 238,571.

In the most recent transaction, GERSHWIND ERIK sold 50,000 shares of MSM for 85.18 per share on Nov 22. After the transaction, the President and CEO now owns 463,723 company shares. In a previous transaction on Aug 15, Jones Douglas E sold 29,839 shares at 86.00 per share. MSM shares that EVP, Chief Supply Chain owns now total 564.

Among the insiders who sold shares, Shacklett Kimberly disposed of 8,057 shares on Aug 12 at a per-share price of $85.00. This resulted in the SVP, Sales & Customer Success holding 9,000 shares of MSM after the transaction. In another insider transaction, BARUCH STEVEN N sold 10,996 shares at $85.23 per share on Aug 11. Company shares held by the EVP, STRATEGY & MARKETING now total 12,702.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. MSC Industrial Direct Co. Inc. pays an annual dividend of $3.16, resulting in a dividend yield of 4.03%, and it has a price to earnings (P/E) ratio of 12.38. MSM’s most recent ex-dividend date was 1/9/2023 when it declared a $0.79 quarterly dividend that was paid in cash on 1/24/2023. Previously, the company paid the dividend on 11/29/2022 with an ex-dividend date of 11/14/2022. The MSM stock dividend was $0.79 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for MSM in the last 3 months, the mean price target is $89.00 with high estimates of $100.00 and low estimates of $80.00. In terms of 52-week highs and lows, MSM has a high of $87.99 and a low of $71.32.

As of this writing, MSM has an earnings estimate of $1.45 per share for the current quarter. EPS was calculated based on a consensus of 7 estimates, with a high estimate of $1.54 per share and a lower estimate of $1.38. The company reported an EPS of $1.82 in the last quarter, which was 4.60% higher than expectations of $1.74.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 9 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for MSM is Overweight with a score of 3.80. A total of 2 analysts rated the stock as Buy while 2 rated it as Overweight while 5 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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