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What to Expect When MSC Industrial Direct Co. Inc. [MSM] Reports Quarterly Earnings

MSC Industrial Direct Co. Inc. [NYSE:MSM] will report earnings after markets close on Wednesday, ‎January 6th.

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MSM Earnings Forecast For The Current Quarter

MSC Industrial Direct Co. Inc. ‎‎[MSM] is expected to report weak earnings results for the quarter ending on Nov 2020. Consensus ‎estimates give the company expected revenues of $769.8M and an earnings per share of $1.08 for Nov ‎‎2020. Looking further ahead, the company is expected to report revenue of $775.55M at an EPS of ‎‎$1.04 for Feb 2021. The estimates represent 4.80% and 7.94% in the company’s revenue and earnings ‎per share, respectively, on a year-on-year basis.

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MSM Earnings Estimates For The Current ‎Year

For the financial year, MSC Industrial Direct Co. Inc. [NYSE:MSM] is expected to bring in ‎revenue of $3.19B. The returns are nearly $0.0 lower than the company’s actual revenue recorded in ‎the fiscal year 2020. In terms of EPS for the 2021, estimate put it at 4.69, lower than that of FY20 by -‎‎$0.05. Estimates put this year’s earnings growth at -1.10%, 7.90% for the next, and at an annual 6.67% ‎over the next 5-year period. As for sales, forecasts are for a decrease of 0.00% in the current fiscal year ‎and a further 4.80% over the following year.

MSM Price Performance

On Wall Street, MSC ‎Industrial Direct Co. Inc. [NYSE:MSM] finished Monday’s session down -3.21% at $81.68. The stock ‎went up to $85.12 at the same session while its lowest single day price was $80.99. In the last five days, ‎it saw a fall of about -4.89%, MSC Industrial Direct Co. Inc. shares dropped by almost -3.21% since the ‎beginning of the year. However, the share price has dropped to as low as -7.01% below its one year ‎high. On 01/04/21, the company shares recorded $85.12, the highest single-day price it has got to in ‎the last 52-weeks and a 52-week low was seen on 01/04/21, the same year at $80.99. The company’s ‎shares have inclined by 17.13% in the past year. The 50-day SMA achieved is $80.81 while the 200-day ‎SMA is $68.66. Volume gained to 0.49 million from 0.23 million in the previous session.

MSC ‎Industrial Direct Co. Inc. [MSM] Valuation Measures

Notably, MSC Industrial Direct Co. Inc. ‎‎[MSM] stock can be classified as a good candidate in the listing of underestimated low-priced Industrial ‎Distribution companies to purchase soonest possible with the prevailing 12-month PE ratio of 18.10. ‎The measure means the stock is exchanging at a discount as compared to the 18.28x trailing earnings ‎of the industry. It can be helpful for investors to consider historical price-sales ratio, more specifically, a ‎‎1.43 PS value ratio is reported for the last one year of reported earnings. That is higher than the ‎industry average of 0.54 which means MSM serve an attractive investment opportunity compared to ‎its competitors.

MSM Stock Support And Resistance Levels

On the 24-hour scale, the ‎immediate backing is perceived around 80.07 level, and in case of violation of this particular level, it will ‎cause more drop to 78.47 level. On the upper level, 86.73 is still the key resistance. The stock may ‎increase to the subsequent resistance at 84.20. The Relative Strength Index (RSI) pinned on the 14-day ‎chart is 44.07, implying a neutral technical stance while the MACD stands at -1.23, meaning price will ‎decrease in the next trading period. Percent R indicator moved to 89.93%, implying bearish price ‎movement. Stochastic %K at 25.54% suggest holding the stock.

Is MSC Industrial Direct Co. Inc. ‎‎[NYSE:MSM] a Good Buy Right Now?

It should be noted that MSM technical indicators for short, ‎intermediate as well as long term progress have placed an overall average of 72% as Buy. The average ‎signal changed from 100% Buy in the last week and compares with 100% Buy in the past month. Data ‎from MSC Industrial Direct Co. Inc.’s Trend Spotter indicated that the signals were Weakest. The stock ‎current average is 0.31 million shares in the past 20 days and the short term average signal indicates a ‎‎50% Buy. In the last 50 days, the average trading volume was 0.42 million shares while the medium ‎term average advocated for 100% Buy. The average long-term signal stands at 100% Buy and the 100-‎day average volume stands at 0.41 million shares.

What is the short interest in MSC Industrial ‎Direct Co. Inc.?

Short interest in the MSC Industrial Direct Co. Inc. stock has surged, increasing by ‎‎0.31 million shares to total 1.19 million shares on Dec 14, 2020. The interest had seen shares on Nov 12, ‎‎2020 stand at 1.5 million, data from Yahoo Finance shows. The decrease of -26.05% suggests the stock ‎saw some decreased bullish sentiment. The stock’s days to cover moved to short ratio while the ‎shorted shares account for just 4.18% of the overall float for the stock.

MSC Industrial Direct Co. ‎Inc.’s Biggest Shareholders: Who Owns MSC Industrial Direct Co. Inc. [MSM]?

Filings by The ‎Vanguard Group, Inc. showed that the firm now holds a total of 4,204,184 shares or roughly 9.19% of ‎the outstanding MSM shares. This means their shares have increased by 324,643 from the 4,204,184 ‎the investor reportedly held in its prior 13-F filing. With the conclusion of the purchase, BlackRock Fund ‎Advisors updated stake is worth $294,953,217. Details in the latest 13F filings reveal that American ‎Century Investment Manag acquired their 29.86% stake valued at $256,054,775 while NewSouth ‎Capital Management, Inc. cut theirs at $109,970,569. During the last quarter, American Century ‎Investment Manag raised 706,571 of its shares in MSC Industrial Direct Co. Inc. while NewSouth Capital ‎Management, Inc. sold -171,753 shares. The Yacktman Asset Management LP’s holdings currently ‎number 1,309,432 shares at $106954405.76. According to the firm’s last 13F report, SSgA Funds ‎Management, Inc. shares in the company at filing stood at 1,072,572 shares, roughly ‎‎$89,366,699.

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What are analyst thoughts on MSC Industrial Direct Co. Inc.?

Looking forward to ‎the MSC Industrial Direct Co. Inc. share price prediction, we can see that analysts, surveyed by FactSet, ‎offer the mean price target for MSC Industrial Direct Co. Inc. stock at $80.00 within the next 12 months, ‎which represents almost -2.1 per cent growth from its previous closing price of $81.68. The highest ‎analysts’ target for MSC Industrial Direct Co. Inc. stock projections is $97.00 and the lowest one is ‎‎$69.00. Still, 13 analysts sharing their consensus rating for MSM stock in 2021 agree that it is a Hold.‎

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