Today, the SVP, GC and Corp. Secy. of MSC Industrial (MSM), Steve Armstrong, sold shares of MSM for $436.6K.
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Based on MSC Industrial’s latest earnings report for the quarter ending November 30, the company posted quarterly revenue of $832 million and quarterly net profit of $74.18 million. In comparison, last year the company earned revenue of $769 million and had a net profit of $59.48 million. MSM’s market cap is $4.61B and the company has a P/E ratio of 13.73. Currently, MSC Industrial has an average volume of 32.1K.
Based on 4 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $88.00, reflecting a 6.2% upside.
The insider sentiment on MSC Industrial has been positive according to 65 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
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MSC Industrial Direct Co., Inc. engages in the distribution of metalworking, and maintenance, repair, and operations (MRO) products and services to manufacturing companies. Its products include cutting tools, measuring instruments, tooling components, metalworking, fasteners, flat stock, raw materials, abrasives, machinery hand and power tools, safety and janitorial supplies, plumbing supplies, materials handling products, power transmission components, and electrical supplies. The company was founded by Sidney Jacobson in 1941 and is headquartered in Melville, NY.
