How To Earn $500 A Month From MSC Industrial Stock Ahead Of Q3 Earnings
Portfolio Pulse from Avi Kapoor
MSC Industrial Direct Co., Inc. (NYSE:MSM) is set to release its Q3 earnings on July 2. Analysts expect a decrease in earnings per share from $1.74 to $1.34 and project revenue of $982.22 million. The stock was recently downgraded by Loop Capital and Keybanc. MSC Industrial offers a 4.26% annual dividend yield, translating to $3.32 per share annually. To earn $500 monthly from dividends, an investment of approximately $140,964 is needed.
June 28, 2024 | 1:03 pm
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MSC Industrial Direct is expected to report lower Q3 earnings per share, down from $1.74 to $1.34, with projected revenue of $982.22 million. The stock has been downgraded by Loop Capital and Keybanc. The company offers a 4.26% annual dividend yield.
The expected decrease in earnings per share and recent downgrades by analysts suggest a negative short-term impact on the stock price. However, the high dividend yield may attract some investors, partially offsetting the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100