For its first fiscal quarter (ending November 30), MSC Industrial Direct Co Inc. (NYSE: MSM) has reported a -15% decline in E.P.S. from $1.45 a year ago to $1.23 in the current quarter. This performance was $-0.08 short of the consensus estimate of $1.30. E.P.S. were $5.92 for the latest four quarters through November 30 versus $6.34 for the same period a year ago — a decline of -7%.
Recent Price Action
On 1/9/24, MSC Industrial Direct Co Inc. (NYSE: MSM) stock declined by -3.1%, closing at $92.63. Moreover, trading volume in this decline was exceptionally high at 323% of normal. The stock has been strong relative to the market over the last nine months but has declined -8.5% during the last week.
Current PriceTarget Research Rating
MSM is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
MSC Industrial Direct has a current Value Trend Rating of C (Low Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. MSC Industrial Direct has a poor Appreciation Score of 21 but a good Power Rating of 75, resulting in the Low Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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