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.