Myers Industries (MYE) Set to Announce Earnings on Tuesday

Myers Industries (NYSE:MYE) is set to issue its quarterly earnings data before the market opens on Tuesday, May 7th. Parties interested in listening to the company’s conference call can do so using this link.

Myers Industries (NYSE:MYE) last released its quarterly earnings data on Tuesday, March 5th. The industrial products company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.03. Myers Industries had a net margin of 6.01% and a return on equity of 18.55%. The company had revenue of $191.08 million during the quarter, compared to the consensus estimate of $191.60 million. During the same quarter in the prior year, the firm posted $0.32 earnings per share.

Myers Industries Price Performance

Shares of MYE opened at $22.82 on Monday. Myers Industries has a fifty-two week low of $15.65 and a fifty-two week high of $23.63. The company has a market capitalization of $842.95 million, a price-to-earnings ratio of 17.29 and a beta of 1.31. The firm has a 50-day simple moving average of $21.63 and a 200-day simple moving average of $19.50. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.00 and a current ratio of 1.55.

Myers Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 4th. Stockholders of record on Saturday, March 16th were paid a dividend of $0.135 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.54 annualized dividend and a dividend yield of 2.37%. Myers Industries’s dividend payout ratio (DPR) is 40.91%.

Analyst Ratings Changes

Several brokerages have recently weighed in on MYE. KeyCorp increased their target price on shares of Myers Industries from $22.00 to $30.00 and gave the stock an “overweight” rating in a research note on Friday, March 22nd. StockNews.com upgraded shares of Myers Industries from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 16th.

Myers Industries Company Profile

Myers Industries, Inc engages in distribution of tire service supplies in Ohio. It operates through two segments, The Material Handling and Distribution. The Material Handling segment offers pallets, small parts bins, bulk shipping containers, and OEM parts, as well as storage and organization, and custom plastic products; and injection molded, rotationally molded or blow molded products, consumer fuel containers and tanks for water, fuel, and waste handling.