MSC Industrial Direct Co Stock (NYSE: MSM)

MSC Industrial Direct Co Stock (NYSE:MSM), Trade Ideas

MSC Industrial Direct Co

MSC Industrial Direct is one of the largest industrial distributors with a focus on metalworking and maintenance, repair, and operations products and services. The company offers over 2 million products through its distribution network, which has 11 fulfillment centers. Although MSC has a presence in Canada, Mexico, and the United Kingdom, it primarily operates in the United States. In fiscal 2023, 95% of the firm's $4.0 billion of sales was generated in the U.S.

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CHRW

Wall Street&#39;s Most Accurate Analysts&#39; Views On 3 Industrials Stocks With Over 3% Dividend Yields

Earnings

Penny Stocks

OMER

The CNN Money Fear and Greed index showed a slight decline in overall market sentiment, but it remained in the &#34;Greed&#34; zone on Thursday.

U.S. stocks closed mixed on Thursday, while the S&amp;P 500 surged to a new all-time high and also recorded its best first-quarter performance in five years.

Investor Sentiment Edges Lower, US Stocks Record Gains Last Quarter

Eurozone

Commodities

Global

Intraday Update

AVTX

BDRX

DTST

PMEC

UGRO

U.S. stocks traded mixed toward the end of trading, with the Nasdaq Composite falling around 15 points on Thursday.

The Dow traded up 0.06% to 39,785.29 while the NASDAQ fell 0.13% to 16,383.85. The S&amp;P 500 also rose, gaining, 0.10% to 5,253.70.

Crude Oil Surges Over 2%; MSC Industrial Shares Fall After Q2 Results

MSC Industrial Direct Company, Inc. Common Stock

MSC Industrial Direct Co Inc

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During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a <a href="https://www.benzinga.com/yield-investments">high dividend payout</a>.
Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our <a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock Ratings</a> page. Traders can sort through Benzinga's extensive database of analyst ratings, including <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">by analyst accuracy</a>.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the industrials sector.
<h3 class="wp-block-heading">Kennametal Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMT#NYSE">KMT</a>)</h3>
<ul>
<li>Dividend Yield: 3.37%</li>
<li>Barclays analyst Julian Mitchell maintained an Equal-Weight rating and cut the price target from $25 to $24 on April 2. This analyst has an accuracy rate of 77%.</li>
<li>JP Morgan analyst Tami Zakaria maintained an Underweight rating and lowered the price target from $26 to $24 on Feb. 8. This analyst has an accuracy rate of 76%.</li>
<li>Recent News: Kennametal said it will host its third quarter fiscal year 2024 earnings call on Wednesday, May 8.</li>
</ul>
<h3 class="wp-block-heading">C.H. Robinson Worldwide, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHRW#NASDAQ">CHRW</a>)</h3>
<ul>
<li>Dividend Yield: 3.47%</li>
<li>B of A Securities analyst Ken Hoexter maintained an Underperform rating and cut the price target from $70 to $68 on April 15, 2024. This analyst has an accuracy rate of 70%.</li>
<li>JP Morgan analyst Brian Ossenbeck maintained an Underweight rating and slashed the price target from $75 to $70 on April 9. This analyst has an accuracy rate of 75%.</li>
<li>Recent News: C.H. Robinson Worldwide said it will issue its first quarter results after the closing bell on Wednesday, May 1.</li>
</ul>
<h3 class="wp-block-heading">MSC Industrial Direct Co., Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSM#NYSE">MSM</a>)</h3>
<ul>
<li>Dividend Yield: 3.56%</li>
<li>Stephens &amp; Co. analyst Tommy Moll reiterated an Overweight rating with a price target of $110 on April 1. This analyst has an accuracy rate of 75%.</li>
<li>Keybanc analyst Ken Newman maintained an Overweight rating and cut the price target from $105 to $102 on Jan. 10. This analyst has an accuracy rate of 80%.</li>
<li>Recent News: On March 28, MSC Industrial Direct posted better-than-expected quarterly earnings.</li>
</ul>
Read More: <a href="https://www.benzinga.com/news/earnings/24/04/38452338/microsoft-alphabet-and-3-stocks-to-watch-heading-into-friday">Microsoft, Alphabet And 3 Stocks To Watch Heading Into Friday</a>

Wall Street's Most Accurate Analysts' Views On 3 Industrials Stocks With Over 3% Dividend Yields

Stephens &amp; Co. analyst Tommy Moll reiterates MSC Industrial Direct Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSM#NYSE">MSM</a>) with a Overweight and maintains $110 price target.

Reiteration

Analyst Ratings

Stephens & Co. Reiterates Overweight on MSC Industrial Direct Co, Maintains $110 Price Target

The CNN Money Fear and Greed index showed a slight decline in overall market sentiment, but it remained in the &quot;Greed&quot; zone on Thursday.
U.S. stocks closed mixed on Thursday, while the S&amp;P 500 surged to a new all-time high and also recorded its best first-quarter performance in five years.
For the quarter, the S&amp;P 500 gained 10.2% to record its best first-quarter gain since 2019. The Dow Jones added 5.6% during the quarter, notching its best first-quarter performance since 2021. On the month, the S&amp;P 500 gained 3.1%, while the Dow added 2.1%.
Shares of MSC Industrial Direct Co., Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/msm#NYSE">MSM</a>) fell around 2.5% during Thursday&rsquo;s session after the company reported mixed second-quarter results. Walgreens Boots Alliance Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wba#NASDAQ">WBA</a>) reported better than expected second-quarter earnings and tightened FY24 guidance.
On the economic data front, the U.S. economy grew an annualized 3.4% in the fourth quarter, up from 3.2% previously reported. U.S. initial jobless claims fell by 2,000 to 210,000 in the week ending March 23, compared to market estimates of 215,000. The University of Michigan consumer sentiment rose to 79.4 in March versus a preliminary reading of 76.5.
Most sectors on the S&amp;P 500 closed on a positive note, with utilities, real estate and energy stocks recording the biggest gains on Wednesday. However, communication services and consumer discretionary bucked the overall market trend, closing the session lower.
The Dow Jones closed higher by around 47 points to 39,807.37 on Thursday. The S&amp;P 500 rose 0.11% at 5,254.35, while the Nasdaq Composite fell 0.12% at 16,379.46 during Thursday&rsquo;s session.
Investors are awaiting earnings results from Natural Gas Services Group, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ngs#NYSE">NGS</a>), Omeros Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/omer#NASDAQ">OMER</a>) and PVH Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pvh#NYSE">PVH</a>) today.
At a current reading of 70.6, the index remained in the &quot;Greed&quot; zone on Thursday, versus a prior reading of 70.8.
What is CNN Business Fear &amp; Greed Index?
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
&nbsp;
Read Next: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/03/37975916/jim-cramer-likes-crown-castle-but-cant-recommend-archer-aviation-it-has-no-earnings-powe"> Jim Cramer Likes Crown Castle, But Can&#39;t Recommend Archer Aviation: It Has &#39;No Earnings Power&#39;</a>
&nbsp;

U.S. stocks traded mixed toward the end of trading, with the Nasdaq Composite falling around 15 points on Thursday.
The Dow traded up 0.06% to 39,785.29 while the NASDAQ fell 0.13% to 16,383.85. The S&amp;P 500 also rose, gaining, 0.10% to 5,253.70.
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<h3>Leading and Lagging Sectors</h3>
&nbsp;
Energy shares jumped by 1.1% on Thursday.
In trading on Thursday, communication services shares fell by 0.2%.
&nbsp;
<h3>Top Headline</h3>
&nbsp;
Shares of MSC Industrial Direct Co., Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/msm#NYSE">MSM</a>) fell over 2% during Thursday&rsquo;s session after the company reported mixed second-quarter results.
MSC Industrial Direct reported second-quarter FY24 net sales decline of 2.7% Y/Y to $935.3 million, missing the consensus of $946.5 million. Adjusted EPS of $1.18, down 18.6%, beating the consensus of $1.16.
MSC Industrial reiterated the outlook for FY24 ADS growth of 0%-5%, adjusted operating margin of 12% &ndash; 12.8%, and an operating cash flow conversion of more than 125%.
&nbsp;
<h3>Equities Trading UP</h3>
&nbsp;
Avalo Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/avtx#NASDAQ">AVTX</a>) shares shot up 384% to $22.98 after the company announced it acquired a Phase 2-ready anti-IL-1&beta; mAb, which it refers to as AVTX-009, through the acquisition of privately held AlmataBio. The company also announced a private placement financing of up to $185 million.
Shares of Xilio Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/xlo#NASDAQ">XLO</a>) got a boost, surging 128% to $1.46 after the company announced an exclusive license agreement with Gilead Sciences for a tumor-activated IL-12 program. The company announced a $11.3 million private placement equity financing.
Biodexa Pharmaceuticals Plc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bdrx#NASDAQ">BDRX</a>) shares were also up, gaining 76% to $1.51. Biodexa&#39;s MTX110 showed promise in extending life expectancy against aggressive brain cancers.
&nbsp;
<h3>Equities Trading DOWN</h3>
&nbsp;
Primech Holdings Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pmec#NASDAQ">PMEC</a>) shares dropped 64% to $1.3999 after the company issued financial updates and corporate highlights for the six months ended Sept. 30, 2023.
Shares of urban-gro, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ugro#NASDAQ">UGRO</a>) were down 23% to $1.3898 after the company reported worse-than-expected fourth-quarter financial results.
Data Storage Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dtst#NASDAQ">DTST</a>) was down, falling 24% to $5.80 following fourth-quarter results.
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&nbsp;
<h3>Commodities</h3>
&nbsp;
In commodity news, oil traded up 2.2% to $83.11 while gold traded up 1.3% at $2,241.80.
Silver traded up 0.9% to $24.975 on Thursday, while copper rose 0.3% to $4.0110.
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<h3>Euro zone</h3>
&nbsp;
European shares closed mostly higher today. The eurozone&rsquo;s STOXX 600 rose 0.18%, London&rsquo;s FTSE 100 rose 0.26% while Spain&rsquo;s IBEX 35 Index fell 0.33% The German DAX rose 0.08% French CAC 40 rose 0.01% while Italy&rsquo;s FTSE MIB Index fell 0.03%.
Bank lending to households in the Eurozone rose by 0.3% year-over-year to &euro;6.87 trillion in February. The manufacturing confidence index in Italy climbed to 88.6 in March versus a revised reading of 87.5 in the prio month. German jobless rate came in steady at 5.9% in March, while German retail sales fell by 1.9% month-over-month for February.
The British economy shrank by 0.2% year-over-year during the fourth quarter, while current account gap in the UK widened to &pound;21.2 billion in the fourth quarter of 2023 versus a revised &pound;18.5 billion gap in the prior period. UK car production climbed 14.6% year-over-year to 79,907 units in February.
&nbsp;
<h3>Asia Pacific Markets</h3>
&nbsp;
Asian markets closed mostly higher on Thursday, with Japan&rsquo;s Nikkei 225 falling 1.46%, Hong Kong&rsquo;s Hang Seng Index gaining 0.91%, China&rsquo;s Shanghai Composite Index gaining 0.59% and India&rsquo;s S&amp;P BSE Sensex gaining 1.4%.
Singapore bank loans rose to SGD 801.5 billion in February from SGD 794.3 billion in the prior month. The Domestic Supply Price Index in Singapore fell 2.8% year-over-year for February.
&nbsp;
<h3>Economics</h3>
&nbsp;
The U.S. economy grew an annualized 3.4% in the fourth quarter, up from 3.2% previously reported.
U.S. initial jobless claims fell by 2,000 to 210,000 in the week ending March 23, compared to market estimates of 215,000.
The Chicago PMI declined to 41.4 in March from 44 in the previous month.
U.S. pending home sales climbed by 1.6% from the prior month in February versus a revised 4.7% decline in the prior month.
The University of Michigan consumer sentiment rose to 79.4 in March versus a preliminary reading of 76.5. 
The total number of active U.S. oil rigs fell by 3 rigs this week, Baker Hughes Inc reported.
Now Read This: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/03/37980980/5m-bet-on-snowflake-check-out-these-4-stocks-insiders-are-buying"> $5M Bet On Snowflake? Check Out These 4 Stocks Insiders Are Buying </a>

MSC Industrial Direct Co., Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSM#NYSE">MSM</a>)&nbsp;shares are trading lower after the reported second-quarter FY24 net sales decline of 2.7% Y/Y to $935.3 million,&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/03/n37977485/msc-industrial-supply-co-reports-fiscal-2024-second-quarter-results" rel="noreferrer noopener">missing the consensus of $946.5 million</a>.
Average daily sales fell 2.7% Y/Y on continued softness in heavy manufacturing verticals.
Adjusted operating income declined 16.5% to $97.8 million, with the operating margin compressing to 10.5% from 12.2% a year ago.
Adjusted EPS of $1.18, down 18.6%, beating&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">the consensus of $1.16</a>.
As of March 2, 2024, the company held $22.2 million in cash and equivalents.&nbsp;
Kristen Actis-Grande, Executive Vice President and Chief Financial Officer, stated, &#8220;However, due to our lower than expected performance in the first half combined with current market conditions, it is likely that we will be at the lower end of our outlook for the full year.&#8221;
MSC Industrial&#8217;s cash dividend of $0.83 per share is payable on April 23, 2024, to shareholders of record at the <a href="https://www.benzinga.com//node/37946630" target="_blank" rel="noreferrer noopener">close of business on April 9, 2024.</a>
<a href="https://www.benzinga.com/news/earnings/24/01/36554973/why-msc-industrial-shares-are-sinking-today" target="_blank" rel="noreferrer noopener">Outlook</a>: MSC Industrial reiterated the outlook for FY24 ADS growth of 0%-5%, adjusted operating margin of 12% &#8211; 12.8%, and an operating cash flow conversion of <a href="https://www.benzinga.com/calendars/guidance" target="_blank" rel="noreferrer noopener">more than 125%</a>.
The company completed the acquisition of intellectual property (IP) assets from Schmitz Manufacturing Research &amp; Technology LLC (SMRT) related to its technology solutions&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/03/n37974238/msc-industrial-supply-co-acquires-intellectual-property-assets-from-schmitz-manufacturing-research" rel="noreferrer noopener">for the U.S. manufacturing industry</a>.
Investors can gain exposure to the stock via&nbsp;USCF ETF Trust USCF Dividend Income Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UDI#NYSE">UDI</a>) and&nbsp;KraneShares Value Line Dynamic Dividend Equity Index ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KVLE#NYSE">KVLE</a>).
Price Action: MSM shares are trading lower by 1.45% at $98.08 on the last check Thursday.
Photo via Shutterstock

Equities

Mid Cap

KraneShares Trust KFA Value Line Dynamic Core Equity Index ETF

KVLE

MSC Industrial's Rocky Q2 Earnings Hint At A Cautious FY24 Outlook: Details

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a <a href="https://www.benzinga.com/yield-investments"> high dividend payout. </a>
Benzinga readers can review the latest analyst takes on&nbsp;their favorite stocks&nbsp;by visiting our&nbsp;<a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock Ratings&nbsp;</a>page. Traders can sort through Benzinga&#39;s extensive database of analyst ratings, including <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie"> by analyst accuracy </a>.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the industrials sector.
<h3>Trinity Industries, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/trn#NYSE">TRN</a>)</h3>
<ul>
<li>Dividend Yield: 3.99%</li>
<li>Susquehanna analyst Bascome Majors maintained a Positive rating and cut the price target from $32 to $30 on Feb. 23, 2024. This analyst has an accuracy rate of 62%.</li>
<li>Wells Fargo analyst Allison Poliniak maintained an Overweight rating and boosted the price target from $27 to $31 on Aug. 2, 2023. This analyst has an accuracy rate of 71%.</li>
<li>Recent News: On Feb. 22, Trinity Industries posted better-than-expected sales for its fourth quarter.</li>
</ul>
<h3>MSC Industrial Direct Co., Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/msm#NYSE">MSM</a>)</h3>
<ul>
<li>Dividend Yield: 3.34%</li>
<li>Keybanc analyst Ken Newman maintained an Overweight rating and cut the price target from $105 to $102 on Jan. 10, 2024. This analyst has an accuracy rate of 82%.</li>
<li>Baird analyst David Manthey maintained an Outperform rating and raised the price target from $104 to $110 on June 30, 2023. This analyst has an accuracy rate of 85%.</li>
<li>Recent News: MSC Industrial Direct is expected to release quarterly earnings on March 28, 2024.</li>
</ul>
<h3>United Parcel Service, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ups#NYSE">UPS</a>)</h3>
<ul>
<li>Dividend Yield: 4.43%</li>
<li>Oppenheimer analyst Scott Schneeberger maintained an Outperform rating with a price target of $153 on March 27, 2024. This analyst has an accuracy rate of 72%.</li>
<li>UBS analyst Thomas Wadewitz upgraded the stock from Neutral to Buy and boosted the price target from $160 to $175 on Feb. 6, 2024. This analyst has an accuracy rate of 75%.</li>
<li>Recent News: On March 26, UPS issued 2026 financial targets.</li>
</ul>
&nbsp;
Read More: <a href="https://www.benzinga.com/news/earnings/24/03/37975784/investor-optimism-improves-s-p-500-settles-at-new-record"> Investor Optimism Improves; S&amp;P 500 Settles At New Record</a>

Long Ideas

These 3 Industrials Stocks With Over 3% Dividend Yields Are Recommended By Wall Street's Most Accurate Analysts

Guidance

MSC Industrial Supply FY24 Outlook Maintained: ADS Growth Of 0%-5%, Adjusted Operating Margin Of 12% - 12.8%, And Operating Cash Flow Conversion Of >125%

MSC Industrial Direct Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSM#NYSE">MSM</a>) reported quarterly earnings of $1.18 per share which beat the analyst consensus estimate of $1.16 by 1.72 percent. This is a 18.62 percent decrease over earnings of $1.45 per share from the same period last year. The company reported quarterly sales of $935.30 million which missed the analyst consensus estimate of $946.55 million by 1.19 percent. This is a 2.74 percent decrease over sales of $961.63 million the same period last year.

MSC Industrial Direct Co Q2 Adj. EPS $1.18 Beats $1.16 Estimate, Sales $935.30M Miss $946.55M Estimate

<h3>Companies Reporting Before The Bell</h3>
&bull; Universal Stainless (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/USAP#NASDAQ">USAP</a>) is expected to report quarterly earnings at $0.32 per share on revenue of $78.65 million.
&bull; Shimmick (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHIM#NASDAQ">SHIM</a>) is estimated to report quarterly loss at $0.20 per share on revenue of $158.50 million.
&bull; MSC Industrial Direct Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSM#NYSE">MSM</a>) is estimated to report quarterly earnings at $1.16 per share on revenue of $946.55 million.
&bull; Walgreens Boots Alliance (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBA#NASDAQ">WBA</a>) is likely to report quarterly earnings at $0.75 per share on revenue of $33.03 billion.
&bull; Data Storage (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DTST#NASDAQ">DTST</a>) is projected to report earnings for its fourth quarter.
&bull; Affimed (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AFMD#NASDAQ">AFMD</a>) is likely to report quarterly loss at $1.68 per share on revenue of $1.71 million.
&bull; Atour Lifestyle Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATAT#NASDAQ">ATAT</a>) is expected to report quarterly earnings at $0.19 per share on revenue of $168.26 million.
&bull; CNFinance Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNF#NYSE">CNF</a>) is likely to report quarterly earnings at $0.01 per share on revenue of $65.41 million.
&bull; BRP (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DOOO#NASDAQ">DOOO</a>) is estimated to report quarterly earnings at $1.92 per share on revenue of $2.05 billion.
&bull; OptimizeRx (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OPRX#NASDAQ">OPRX</a>) is estimated to report quarterly earnings at $0.26 per share on revenue of $26.47 million.
&bull; Azul (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AZUL#NYSE">AZUL</a>) is likely to report quarterly earnings at $0.14 per share on revenue of $985.30 million.
&bull; Imunon (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IMNN#NASDAQ">IMNN</a>) is projected to report earnings for its fourth quarter.
&bull; Iterum Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ITRM#NASDAQ">ITRM</a>) is expected to report earnings for its fourth quarter.
&bull; DarioHealth (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DRIO#NASDAQ">DRIO</a>) is projected to report quarterly loss at $0.54 per share on revenue of $3.57 million.
&bull; Cheche Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CCG#NASDAQ">CCG</a>) is expected to report earnings for its fourth quarter.
&bull; Telesat (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSAT#NASDAQ">TSAT</a>) is projected to report earnings for its fourth quarter.
&bull; Jiayin Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JFIN#NASDAQ">JFIN</a>) is projected to report earnings for its fourth quarter.
&bull; IM Cannabis (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IMCC#NASDAQ">IMCC</a>) is estimated to report quarterly loss at $0.17 per share on revenue of $10.45 million.
&bull; Smart Share Glb (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EM#NASDAQ">EM</a>) is expected to report earnings for its fourth quarter.
&bull; 36KR Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KRKR#NASDAQ">KRKR</a>) is projected to report earnings for its fourth quarter.
&bull; 22nd Century Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XXII#NASDAQ">XXII</a>) is estimated to report quarterly loss at $0.55 per share on revenue of $17.10 million.
&bull; China Automotive Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAAS#NASDAQ">CAAS</a>) is estimated to report earnings for its fourth quarter.
&bull; REX American Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/REX#NYSE">REX</a>) is expected to report quarterly earnings at $0.68 per share on revenue of $190.26 million.
&bull; D-Wave Quantum (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QBTS#NYSE">QBTS</a>) is projected to report quarterly loss at $0.10 per share on revenue of $4.73 million.
&bull; Hut 8 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HUT#NASDAQ">HUT</a>) is expected to report quarterly loss at $0.25 per share on revenue of $23.66 million.
&bull; American Oncology Network (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AONC#NASDAQ">AONC</a>) is estimated to report earnings for its fourth quarter.
&bull; Gold Royalty (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/GROY#AMEX">GROY</a>) is estimated to report quarterly loss at $0.01 per share on revenue of $1.90 million.
&bull; Better Home &amp; Finance (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BETR#NASDAQ">BETR</a>) is projected to report earnings for its fourth quarter.
&bull; BOS Better Online Solns (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BOSC#NASDAQ">BOSC</a>) is projected to report earnings for its fourth quarter.
<h3>Companies Reporting After The Bell</h3>
&bull; INmune Bio (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INMB#NASDAQ">INMB</a>) is estimated to report quarterly loss at $0.44 per share on revenue of $40 thousand.
&bull; Dolphin Entertainment (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLPN#NASDAQ">DLPN</a>) is likely to report quarterly earnings at $0.00 per share on revenue of $11.10 million.
&bull; Ascent Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACNT#NASDAQ">ACNT</a>) is expected to report quarterly loss at $0.08 per share on revenue of $63.50 million.
&bull; Kodiak Sciences (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KOD#NASDAQ">KOD</a>) is expected to report earnings for its fourth quarter.
&bull; Pineapple Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEGY#NASDAQ">PEGY</a>) is estimated to report quarterly earnings at $0.00 per share on revenue of $20.40 million.
&bull; Oxford Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OXM#NYSE">OXM</a>) is projected to report quarterly earnings at $1.95 per share on revenue of $408.18 million.
&bull; Naas Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NAAS#NASDAQ">NAAS</a>) is estimated to report earnings for its fourth quarter.
&bull; Danimer Scientific (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DNMR#NYSE">DNMR</a>) is projected to report quarterly loss at $0.38 per share on revenue of $11.33 million.
&bull; Dare Bioscience (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DARE#NASDAQ">DARE</a>) is expected to report quarterly loss at $0.10 per share on revenue of $1.79 million.
&bull; Intellinetics (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/INLX#AMEX">INLX</a>) is estimated to report quarterly earnings at $0.04 per share on revenue of $4.10 million.
&bull; Shapeways Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHPW#NASDAQ">SHPW</a>) is expected to report quarterly loss at $0.95 per share on revenue of $9.25 million.
&bull; NRX Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NRXP#NASDAQ">NRXP</a>) is expected to report earnings for its fourth quarter.
&bull; CVD Equipment (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CVV#NASDAQ">CVV</a>) is projected to report earnings for its fourth quarter.
&bull; Nuvve Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVVE#NASDAQ">NVVE</a>) is expected to report quarterly loss at $5.60 per share on revenue of $3.00 million.
&bull; NexGel (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXGL#NASDAQ">NXGL</a>) is projected to report quarterly loss at $0.11 per share on revenue of $1.38 million.
&bull; ENDRA Life Sciences (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NDRA#NASDAQ">NDRA</a>) is expected to report earnings for its fourth quarter.
&bull; Zevra Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZVRA#NASDAQ">ZVRA</a>) is estimated to report quarterly loss at $0.27 per share on revenue of $11.74 million.
&bull; American Res (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AREC#NASDAQ">AREC</a>) is projected to report quarterly loss at $0.04 per share on revenue of $2.20 million.
&bull; Vicinity Motor (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VEV#NASDAQ">VEV</a>) is estimated to report quarterly loss at $0.06 per share on revenue of $12.62 million.
&bull; Helius Medical Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HSDT#NASDAQ">HSDT</a>) is likely to report quarterly loss at $3.77 per share on revenue of $250 thousand.
&bull; Surf Air Mobility (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SRFM#NYSE">SRFM</a>) is likely to report quarterly loss at $0.28 per share on revenue of $25.69 million.
&bull; Emeren Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SOL#NYSE">SOL</a>) is likely to report quarterly earnings at $0.00 per share on revenue of $44.98 million.
&bull; P3 Health Partners (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PIII#NASDAQ">PIII</a>) is expected to report quarterly loss at $0.11 per share on revenue of $302.97 million.
&bull; Energous (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WATT#NASDAQ">WATT</a>) is estimated to report quarterly loss at $0.85 per share on revenue of $200 thousand.
&bull; Dyadic International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DYAI#NASDAQ">DYAI</a>) is likely to report quarterly loss at $0.06 per share on revenue of $800 thousand.
&bull; Semtech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMTC#NASDAQ">SMTC</a>) is projected to report quarterly loss at $0.03 per share on revenue of $196.46 million.
&bull; Torrid Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CURV#NYSE">CURV</a>) is likely to report quarterly loss at $0.08 per share on revenue of $274.83 million.
&bull; Pulse Biosciences (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLSE#NASDAQ">PLSE</a>) is likely to report earnings for its fourth quarter.
&bull; Arcadia Biosciences (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RKDA#NASDAQ">RKDA</a>) is projected to report quarterly loss at $2.58 per share on revenue of $1.75 million.
&bull; Achieve Life Sciences (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACHV#NASDAQ">ACHV</a>) is projected to report earnings for its fourth quarter.
&bull; Sharecare (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHCR#NASDAQ">SHCR</a>) is expected to report quarterly loss at $0.06 per share on revenue of $114.99 million.
&bull; Expion360 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XPON#NASDAQ">XPON</a>) is projected to report quarterly loss at $0.28 per share on revenue of $980 thousand.
&bull; Cepton (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CPTN#NASDAQ">CPTN</a>) is expected to report quarterly loss at $0.74 per share on revenue of $2.46 million.
&bull; Vuzix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VUZI#NASDAQ">VUZI</a>) is estimated to report quarterly loss at $0.15 per share on revenue of $2.14 million.
&bull; Aspira Womens Health (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AWH#NASDAQ">AWH</a>) is estimated to report quarterly loss at $0.45 per share on revenue of $2.54 million.
&bull; Forian (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FORA#NASDAQ">FORA</a>) is estimated to report quarterly loss at $0.03 per share on revenue of $5.56 million.
&bull; Accelerate Diagnostics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AXDX#NASDAQ">AXDX</a>) is estimated to report quarterly loss at $0.62 per share on revenue of $3.45 million.
&bull; Wrap Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WRAP#NASDAQ">WRAP</a>) is likely to report earnings for its fourth quarter.
&bull; Planet Labs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PL#NYSE">PL</a>) is projected to report quarterly loss at $0.06 per share on revenue of $58.19 million.
&bull; Leafly Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LFLY#NASDAQ">LFLY</a>) is likely to report quarterly loss at $1.45 per share on revenue of $9.49 million.
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

ACHV

ACNT

AFMD

AONC

AREC

ATAT

AXDX

AZUL

BETR

BOSC

CAAS

CPTN

CURV

DARE

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DOOO

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DYAI

FORA

GROY

HSDT

IMCC

IMNN

INLX

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ITRM

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NAAS

NDRA

NRXP

NVVE

NXGL

OPRX

PEGY

PIII

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ZVRA

Earnings Scheduled For March 28, 2024

With U.S. stock futures trading slightly lower this morning on Thursday, some of the stocks that may grab investor focus today are as follows:
Wall Street expects Walgreens Boots Alliance, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wba#NASDAQ">WBA</a>) to report quarterly earnings at 82 cents per share on revenue of $35.86 billion before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. Walgreens shares gained 0.1% to $21.03 in after-hours trading.
RH (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rh#NYSE">RH</a>) posted weaker-than-expected&nbsp;results for its fourth quarter, but issued upbeat forecast. The company said it sees full-year 2024 demand growth of 12% to 14% and revenue growth of 8% to 10% on a year-over-year basis. RH shares surged 8.4% to $322.00 in the after-hours trading session.
Analysts are expecting MSC Industrial Direct Co., Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/msm#NYSE">MSM</a>) to have earned $1.16 per share on revenue of $946.55 million. The company will release earnings before the markets open. MSC Industrial Direct shares gained 0.2% to $99.73 in the after-hours trading session.
Check out our <a href="https://www.benzinga.com/premarket/"> premarket coverage here </a> 
MillerKnoll, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mlkn#NASDAQ">MLKN</a>) reported downbeat sales for its third quarter and issued weak guidance for the fourth quarter. MillerKnoll shares dipped 16.2% to $25.60 in the after-hours trading session.
Analysts expect Oxford Industries, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/oxm#NYSE">OXM</a>) to post quarterly earnings at $1.95 per share on revenue of $408.18 million after the closing bell. Oxford Industries shares rose 0.03% to $112.50 in the after-hours trading session.
&nbsp;
Check This Out: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/03/37951331/how-to-earn-500-a-month-from-apple-stock"> How To Earn $500 A Month From Apple Stock </a>

Small Cap

MLKN

RH, Walgreens And 3 Stocks To Watch Heading Into Thursday

The CNN Money Fear and Greed index showed some improvement in overall market sentiment on Wednesday, but it remained in the &quot;Greed&quot; zone.
U.S. stocks closed higher on Wednesday, with the S&amp;P 500 settling at a fresh record level during the session. The index is up around 10% in the first quarter and is on course to record its best first-quarter surge since 2019.
Shares of Cintas Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ctas#NASDAQ">CTAS</a>) surged 8% on Wednesday after the company reported better-than-expected third-quarter financial results and raised FY24 guidance. Shares of Direct Digital Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/drct#NASDAQ">DRCT</a>) dipped more than 39% after the company reported worse-than-expected fourth-quarter financial results.
On the economic data front, U.S. <a href="https://www.benzinga.com/money/mortgage-lenders-no-tax-returns/">mortgage</a> applications declined by 0.7% on the week ending March 22, 2024. Crude oil inventories in the U.S. increased by 3.165 million barrels in the week ended March 22, compared to market estimates of a 1.275 million decline, the Energy Information Administration said.
All sectors on the S&amp;P 500 closed on a positive note, with utilities, real estate and industrials stocks recording the biggest gains on Wednesday.
The Dow Jones closed higher by around 478 points to 39,760.08 on Wednesday. The S&amp;P 500 rose 0.86% at 5,248.49, while the Nasdaq Composite rose 0.51% at 16,399.52 during Wednesday&rsquo;s session.
Investors are awaiting earnings results from Oxford Industries, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/oxm#NYSE">OXM</a>), MSC Industrial Direct Co., Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/msm#NYSE">MSM</a>) and Walgreens Boots Alliance, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wba#NASDAQ">WBA</a>) today.
At a current reading of 70, the index remained in the &quot;Greed&quot; zone on Wednesday, versus a prior reading of 68.
What is CNN Business Fear &amp; Greed Index?
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
&nbsp;
Read Next: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/03/37951427/jim-cramer-visa-is-too-close-to-all-time-high-chart-industries-is-absolutely-terrific"> Jim Cramer: Visa Is &#39;Too Close To All-Time High,&#39; Chart Industries Is &#39;Absolutely Terrific&#39;</a>

CTAS

DRCT

Investor Optimism Improves; S&P 500 Settles At New Record

Jamie Goettler, Senior Director, Metalworking Business Development, said, &quot;Technology and innovation are essential to MSC and to our stakeholders. With SMRT&#39;s IP assets, we will strive to create and deploy technology for the U.S. machining industry that will drive down our customers&#39; manufacturing costs, create capacity through speed improvements, and generate greater levels of productivity on the shop floor.&quot;

Reported Earlier, MSC Industrial Supply Enhances Tech Portfolio With Acquisition Of SMRT's IP Assets; Deal Terms Not Disclosed

MSC Industrial Direct Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSM#NYSE">MSM</a>) is set to give its latest quarterly earnings report on Thursday, 2024-03-28. Here's what investors need to know before the announcement.
Analysts estimate that MSC Industrial Direct Co will report an earnings per share (EPS) of $1.16. 
MSC Industrial Direct Co bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Historical Earnings Performance</h3>
Last quarter the company missed EPS by $0.06, which was followed by a 0.06% drop in the share price the next day.
Here's a look at MSC Industrial Direct Co's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>1.31</td>
<td>1.62</td>
<td>1.75</td>
<td>1.34</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>1.25</td>
<td>1.64</td>
<td>1.74</td>
<td>1.45</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-0.0%</td>
<td>1.0%</td>
<td>0.0%</td>
<td>-1.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1711548082_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of MSC Industrial Direct Co were trading at $97.61 as of March 26. Over the last 52-week period, shares are up 70.78%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release. 
<a href="https://www.benzinga.com/quote/MSM/earnings">To track all earnings releases for MSC Industrial Direct Co visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Preview For MSC Industrial Direct Co

A substantial insider sell was reported on January 31, by Mitchell Jacobson, Board Member at MSC Industrial Direct Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSM#NYSE">MSM</a>), based on the recent SEC filing.
What Happened: Jacobson's decision to sell 24,501 shares of MSC Industrial Direct Co was revealed in a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0001003078/000095014224000249//Archives/edgar/data/1003078/000095014224000249/0000950142-24-000249-index.htm">U.S. Securities and Exchange Commission</a> on Wednesday. The total value of the sale is $2,433,295.
The latest update on Thursday morning shows MSC Industrial Direct Co shares down by 0.0%, trading at $98.68.
<h3>About MSC Industrial Direct Co</h3>
MSC Industrial Direct is one of the largest industrial distributors with a focus on metalworking and maintenance, repair, and operations products and services. The company offers over 2 million products through its distribution network, which has 11 fulfillment centers. Although MSC has a presence in Canada, Mexico, and the United Kingdom, it primarily operates in the United States. In fiscal 2023, 95% of the firm's $4.0 billion of sales was generated in the U.S.
<h3>Understanding the Numbers: MSC Industrial Direct Co's Finances</h3>
Revenue Growth: MSC Industrial Direct Co's revenue growth over a period of 3 months has faced challenges. As of 30 November, 2023, the company experienced a revenue decline of approximately -0.39%. This indicates a decrease in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Industrials sector.
Navigating Financial Profits:
<ul>
<li>
Gross Margin: Achieving a high gross margin of 41.21%, the company performs well in terms of cost management and profitability within its sector.
</li>
<li>
Earnings per Share (EPS): MSC Industrial Direct Co's EPS is below the industry average, signaling challenges in bottom-line performance with a current EPS of 1.23.
</li>
</ul>
Debt Management: With a below-average debt-to-equity ratio of 0.43, MSC Industrial Direct Co adopts a prudent financial strategy, indicating a balanced approach to debt management.
Evaluating Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: With a lower-than-average P/E ratio of 16.78, the stock indicates an attractive valuation, potentially presenting a buying opportunity.
</li>
<li>
Price to Sales (P/S) Ratio: The current P/S ratio of 1.39 is below industry norms, suggesting potential undervaluation and presenting an investment opportunity for those considering sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): MSC Industrial Direct Co's EV/EBITDA ratio, lower than industry averages at 11.44, indicates attractively priced shares.
</li>
</ul>
Market Capitalization Analysis: Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.
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<h3>Why Insider Transactions Are Important</h3>
Considering insider transactions is valuable, but it's crucial to evaluate them in conjunction with other investment factors.
When discussing legal matters, the term "insider" refers to any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as stipulated in Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and significant hedge funds. Such insiders are required to report their transactions through a Form 4 filing, which must be completed within two business days of the transaction.
A new purchase by a company insider is a indication that they anticipate the stock will rise.
On the other hand, insider sells may not necessarily indicate a bearish view and can be motivated by various factors.
<h3>Essential Transaction Codes Unveiled</h3>
Navigating through the landscape of transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> often prioritize those unfolding in the open market, precisely detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001003078">Check Out The Full List Of MSC Industrial Direct Co's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

MSC Industrial Direct Co Recent Insider Activity

The Nasdaq 100 closed lower by more than 100 points on Tuesday. Investors, meanwhile, focused on some notable insider trades.
When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company&rsquo;s prospects or that they view the stock as being overpriced. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision.
Below is a look at a few recent notable insider sales. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/"> Benzinga&#39;s insider transactions </a> platform.
<h3>MSC Industrial Direct </h3>
<ul>
<li>The Trade: MSC Industrial Direct Co., Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/msm#NYSE">MSM</a>) Director Mitchell Jacobson <a href="https://www.benzinga.com/sec/insider-trades/"> sold a total of 156,462 shares </a> at an average price of $97.65. The insider received around $15.28 million from selling those shares.</li>
<li>What&rsquo;s Happening: MSC Industrial Direct announced the acquisition of KAR Industrial Inc., a Canadian distributor of metalworking tools and accessories.</li>
<li>What MSC Industrial Direct Does: MSC Industrial Direct is one of the largest industrial distributors with a focus on metalworking and maintenance, repair, and operations products and services.</li>
</ul>
Have a look at our <a href="https://www.benzinga.com/premarket/"> premarket coverage here </a> 
<h3>Verint Systems</h3>
<ul>
<li>The Trade: Verint Systems Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vrnt#NASDAQ">VRNT</a>) Chairman and CEO Dan Bodner <a href="https://www.benzinga.com/sec/insider-trades/"> sold a total of 68,372 shares </a> at an average price of $30.00. The insider received around $2.05 million from selling those shares.</li>
<li>What&rsquo;s Happening: Needham analyst Joshua Reilly recently reiterated Verint Systems with a Buy and maintained a $40 price target.</li>
<li>What Verint Systems Does: Verint Systems Inc with its subsidiaries helps brands provide Boundless Customer Engagement.</li>
</ul>
<h3>Discover Financial </h3>
<ul>
<li>The Trade: Discover Financial Services (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dfs#NYSE">DFS</a>) EVP, Chief Financial Officer John Greene <a href="https://www.benzinga.com/sec/insider-trades/"> sold a total of 35,191 shares </a> at an average price of $106.51. The insider received around $3.75 million from selling those shares.</li>
<li>What&rsquo;s Happening: Discover Financial reported a 62% plunge in its profit for the fourth quarter.</li>
<li>What Discover Financial Does: Discover Financial Services is a bank operating in two distinct segments: direct banking and payment services.</li>
</ul>
<h3>Comcast </h3>
<ul>
<li>The Trade: Comcast Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cmcsa#NASDAQ">CMCSA</a>) President Michael Cavanagh <a href="https://www.benzinga.com/sec/insider-trades/"> sold a total of 114,749 shares </a> at an average price of $46.10. The insider received around $5.29 million from selling those shares.</li>
<li>What&rsquo;s Happening: Comcast reported better-than-expected fourth-quarter earnings, announced a $15 billion buyback and raised its dividend.</li>
<li>What Comcast Does: Comcast is made up of three parts. The core cable business owns networks capable of providing television, internet access, and phone services to 62 million U.S. homes and businesses, or nearly half of the country.</li>
</ul>
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Comcast, Discover Financial And 2 Other Stocks Insiders Are Selling

Erik Gershwind, President and CEO at MSC Industrial Direct Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSM#NYSE">MSM</a>), executed a substantial insider sell on January 22, according to an SEC filing.
What Happened: A Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0001003078/000100307824000012//Archives/edgar/data/1003078/000100307824000012/0001003078-24-000012-index.htm">U.S. Securities and Exchange Commission</a> on Monday outlined that Gershwind executed a sale of 60,939 shares of MSC Industrial Direct Co with a total value of $5,884,855.
Tracking the Tuesday's morning session, MSC Industrial Direct Co shares are trading at $97.7, showing a down of 0.0%.
<h3>Unveiling the Story Behind MSC Industrial Direct Co</h3>
MSC Industrial Direct is one of the largest industrial distributors with a focus on metalworking and maintenance, repair, and operations products and services. The company offers over 2 million products through its distribution network, which has 11 fulfillment centers. Although MSC has a presence in Canada, Mexico, and the United Kingdom, it primarily operates in the United States. In fiscal 2023, 95% of the firm's $4.0 billion of sales was generated in the U.S.
<h3>A Deep Dive into MSC Industrial Direct Co's Financials</h3>
Decline in Revenue: Over the 3 months period, MSC Industrial Direct Co faced challenges, resulting in a decline of approximately -0.39% in revenue growth as of 30 November, 2023. This signifies a reduction in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Industrials sector.
Evaluating Earnings Performance:
<ul>
<li>
Gross Margin: Achieving a high gross margin of 41.21%, the company performs well in terms of cost management and profitability within its sector.
</li>
<li>
Earnings per Share (EPS): MSC Industrial Direct Co's EPS is below the industry average, signaling challenges in bottom-line performance with a current EPS of 1.23.
</li>
</ul>
Debt Management: MSC Industrial Direct Co's debt-to-equity ratio is below the industry average. With a ratio of 0.43, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
Assessing Valuation Metrics:
<ul>
<li>
Price to Earnings (P/E) Ratio: The P/E ratio of 16.62 is lower than the industry average, implying a discounted valuation for MSC Industrial Direct Co's stock.
</li>
<li>
Price to Sales (P/S) Ratio: The current P/S ratio of 1.37 is below industry norms, suggesting potential undervaluation and presenting an investment opportunity for those considering sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): At 11.33, MSC Industrial Direct Co's EV/EBITDA ratio reflects a below-par valuation compared to industry averages signalling undervaluation
</li>
</ul>
Market Capitalization Analysis: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.
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<h3>Illuminating the Importance of Insider Transactions</h3>
Insider transactions serve as a piece of the puzzle in investment decisions, rather than the entire picture.
Exploring the legal landscape, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as stipulated by Section 12 of the Securities Exchange Act of 1934. This encompasses executives in the c-suite and major hedge funds. These insiders are required to report their transactions through a Form 4 filing, which must be submitted within two business days of the transaction.
Highlighted by a company insider's new purchase, there's a positive anticipation for the stock to rise.
But, insider sells may not necessarily indicate a bearish view and can be motivated by various factors.
<h3>Important Transaction Codes</h3>
Delving into transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> typically prioritize those unfolding in the open market, as precisely outlined in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001003078">Check Out The Full List Of MSC Industrial Direct Co's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Transaction: Erik Gershwind Sells $5.88M Worth Of MSC Industrial Direct Co Shares

MSC Industrial Direct Co Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSM#NYSE">MSM</a>) announces the acquisition of KAR Industrial Inc., a Canadian distributor of metalworking tools and accessories. <a href="https://www.benzinga.com/pressreleases/24/01/n36715728/msc-industrial-supply-co-acquires-kar-industrial-inc">Deal terms were not disclosed.</a>
Founded in 1954, KAR operates three facilities in Mississauga, Montreal, and Edmonton for total country coverage, with 45 associates and estimated 2023 revenues of $16 million.
KAR will continue to operate under its current names, including its Duramill and Omnitool divisions, as an MSC company. Ward Meek, President of KAR, will continue to manage the daily operations.
MSC aims to enhance KAR&#8217;s offerings with access to its MSC&#8217;s 2.4 million-plus product portfolio and E-commerce sales channel through mscdirect.com.
&#8220;The addition of KAR Industrial Inc. expands our metalworking footprint in Canada. Their expertise in metalworking and industrial distribution aligns well with our commitment to helping customers solve their mission-critical challenges and improve the productivity of their operations,&#8221; commented Erik Gershwind, MSC President and Chief Executive Officer.
Price Action:&nbsp;MSM shares are trading higher by 0.94% at $97.92 on the last check Monday.
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

General

MSC Industrial Direct Expands In Canada: Acquires Metalworking Distributor KAR Industrial

MSC Industrial Supply Co. Acquires KAR Industrial, Terms Not Disclosed

Keybanc analyst Ken Newman maintains MSC Industrial Direct Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSM#NYSE">MSM</a>) with a Overweight and lowers the price target from $105 to $102.

Keybanc Maintains Overweight on MSC Industrial Direct Co, Lowers Price Target to $102

MSC Industrial Direct Co Inc&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/msm#NYSE">MSM</a>) shares are trading lower&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/pressreleases/24/01/n36552164/msc-industrial-supply-co-reports-fiscal-2024-first-quarter-results" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">after it reported Q1 FY24 results.</a>
Revenue fell 0.4% Y/Y to $954.0 million, missing the analyst consensus estimate of $971.3 million, with average daily sales declining due to softening demand.&nbsp;
Adjusted operating income declined 12.3% to $103.7 million, with the operating margin compressing to 10.9% from 12.3% a year ago.
Adjusted EPS of $1.25 missed the&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/calendars/earnings" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">analyst consensus of $1.31</a>.
As of December 2, 2023, the company held $25.8 million in cash and equivalents. Operating cash flow for the quarter totaled $81.2 million.
Outlook: MSC reiterated the outlook for FY24 ADS growth of 0%-5%, adjusted operating margin of 12% - 12.8%, and an operating cash flow conversion of&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/calendars/guidance" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">more than 125%</a>.
Erik Gershwind, President and CEO, said, &quot;Looking ahead, despite a slower start to the fiscal year, I am encouraged as we continue building our market position, introducing strategic investments centered on reaccelerating our core customer base and implementing operational initiatives to drive productivity and expand margins. Together, this positions us to achieve our annual revenue growth and adjusted operating margin ranges in fiscal 2024.&quot;
Price Action: MSM shares are down 6.40% at $89.50 premarket on the last check Tuesday.
Photo via Company

Movers

Why MSC Industrial Shares Are Sinking Today

MSC Industrial Direct Non-GAAP EPS of $1.18 beats by $0.02, revenue of $935.3M misses by $15.04M

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MSC Industrial Direct Co (NYSE:<a href="https://investorplace.com/stock-quotes/msm-stock-quote/">MSM</a>) just reported results for the second quarter of 2024.<ul><li>MSC Industrial Direct Co reported earnings per share of $1.18. This was above the analyst estimate for EPS of $1.16.</li><li>The company reported revenue of $935.35 million.</li><li>This was 1.18% worse than the analyst estimate for revenue of $946.55 million.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
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	The post <a href="https://investorplace.com/earning-results/2024/03/msm-stock-earnings-msc-industrial-direct-co-for-q2-of-2024/">MSM Stock Earnings: MSC Industrial Direct Co Beats EPS, Misses Revenue for Q2 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

MSM Stock Earnings: MSC Industrial Direct Co Beats EPS, Misses Revenue for Q2 2024

MSC Industrial Direct Co Inc (MSM) Q2 2024 Earnings Call Transcript

Msc Industrial Direct Company (MSM) said before open Thursday that it broke even in quarter two 2024. In the same quarter a year ago, the company earned $1.45 per share on revenue of $961.6 million. The stock is down 2.50% to $97.04 after the report.The firm's lower revenue growth to earnings signals that the firm has been

Msc Industrial Direct Company Down 2.50% To $97.04 After Earnings

Analysts have been eager to weigh in on the Industrial Goods sector with new ratings on MSC Industrial (MSM – Research Report), Cintas (CTAS – Rese...

Analysts Have Conflicting Sentiments on These Industrial Goods Companies: MSC Industrial (MSM), Cintas (CTAS) and Eaton (ETN)

In a report released today, Chris Dankert from Loop Capital Markets reiterated a Buy rating on MSC Industrial (MSM – Research Report), with a price...

MSC Industrial (MSM) Gets a Buy from Loop Capital Markets

MSC Industrial Feeling Some Friction From Weakness Among Smaller Manufacturers

Small and midcap pair trades for every sector - Oppenheimer

J.P. Morgan analyst Patrick Baumann maintained a Hold rating on MSC Industrial (MSM – Research Report) on April 12 and set a price target of $98.00...

J.P. Morgan Sticks to Their Hold Rating for MSC Industrial (MSM)

Most preferred stocks in industrial distribution and building products - Baird

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Press Releases

MSC INDUSTRIAL SUPPLY CO. DECLARES REGULAR QUARTERLY DIVIDEND

MSC INDUSTRIAL SUPPLY CO. RELEASES 2023 ESG REPORT

MSC INDUSTRIAL SUPPLY CO. REPORTS FISCAL 2024 FIRST QUARTER RESULTS

MSC INDUSTRIAL SUPPLY CO. ACQUIRES KAR INDUSTRIAL INC.

MSC INDUSTRIAL SUPPLY CO. TO PARTICIPATE AT UPCOMING INVESTOR CONFERENCES

PulteGroup Nominates Kristen Actis-Grande for Election to Board of Directors

MSC INDUSTRIAL SUPPLY CO. TO WEBCAST REVIEW OF FISCAL 2024 SECOND QUARTER RESULTS

MSC INDUSTRIAL SUPPLY CO. ACQUIRES INTELLECTUAL PROPERTY ASSETS FROM SCHMITZ MANUFACTURING RESEARCH & TECHNOLOGY

MSC INDUSTRIAL SUPPLY CO. REPORTS FISCAL 2024 SECOND QUARTER RESULTS

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