After Hours
There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. The stock was recently discussed on Yahoo Finance as it revealed that MSC INDUSTRIAL SUPPLY CO. REPORTS FISCAL 2024 FIRST QUARTER RESULTS.
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Stocks Info
As a NYSE listed company, MSM falls under the Industrials sector while operating within the Industrial Distribution industry segment. At the end of the last regular session, the stock closed at $96.43 and fluctuated between $96.55 as its day high and $94.96 as its day low. The current market capitalization of MSC Industrial Direct Co., Inc. is $5.44B. A total of 0.64 million shares were traded on the day, compared to an average of 441.78K shares.
Insider Activity
Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, MSM has seen 51 BUY and 27 SELL insider trades, representing the acquisition of 145,298 and the disposition of 49,545 shares. Over the last 12 months, there were 99 BUYs and 39 SELLs from insiders. Insiders purchased 9,786,694 shares during that period but sold 84,838.
In the most recent transaction, GERSHWIND ERIK sold 7,500 shares of MSM for 96.00 per share on Jan 16. After the transaction, the President and CEO now owns 1,432,038 company shares. In a previous transaction on Nov 27, Actis-Grande Kristen sold 2,690 shares at 98.57 per share. MSM shares that EVP & Chief Financial Officer owns now total 4,622.
Among the insiders who sold shares, Actis-Grande Kristen disposed of 2,886 shares on Nov 21 at a per-share price of $98.74. This resulted in the EVP & Chief Financial Officer holding 7,312 shares of MSM after the transaction. In another insider transaction, GERSHWIND ERIK sold 13,599 shares at $97.91 per share on Nov 03. Company shares held by the President and CEO now total 1,339,052.
Dividend
Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. MSC Industrial Direct Co., Inc. pays an annual dividend of $3.34, resulting in a dividend yield of 3.46%, and it has a price to earnings (P/E) ratio of 16.38. MSM’s most recent ex-dividend date was 1/8/2024 when it declared a $0.83 quarterly dividend that was paid in cash on 1/23/2024. Previously, the company paid the dividend on 11/28/2023 with an ex-dividend date of 11/13/2023. The MSM stock dividend was $0.83 per share in cash.
In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for MSM in the last 3 months, the mean price target is $107.50 with high estimates of $124.00 and low estimates of $95.00. In terms of 52-week highs and lows, MSM has a high of $105.77 and a low of $76.75.
As of this writing, MSM has an earnings estimate of $1.16 per share for the current quarter. EPS was calculated based on a consensus of 8 estimates, with a high estimate of $1.23 per share and a lower estimate of $1.09. The company reported an EPS of $1.64 in the last quarter, which was 1.20% higher than expectations of $1.62.
Balance Sheet Annually/Quarterly
The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. MSM’s latest balance sheet shows that the firm has $40.54M in Cash & Short Term Investments as of fiscal 2021. There were $836.40M in debt and $561.93M in liabilities at the time. Its Book Value Per Share was $24.55, while its Total Shareholder’s Equity was $1.16B.
Analysts Opinion
The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 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 Buy with a score of 3.89.
