Myers Industries (MYE) to Release Earnings on Thursday

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Myers Industries (NYSE:MYE) will release its earnings data before the market opens on Thursday, May 6th. Analysts expect Myers Industries to post earnings of $0.23 per share for the quarter. Myers Industries has set its FY 2021
Pre-Market guidance at 0.90-1.05 EPS and its FY21 guidance at $0.90-1.05 EPS.Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Myers Industries (NYSE:MYE) last announced its quarterly earnings results on Thursday, March 11th. The industrial products company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.05). The firm had revenue of $137.50 million during the quarter, compared to analysts’ expectations of $128.83 million. Myers Industries had a net margin of 8.07% and a return on equity of 17.42%. The firm’s revenue for the quarter was up 17.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.12 EPS. On average, analysts expect Myers Industries to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Myers Industries stock opened at $22.68 on Tuesday. The business has a fifty day moving average of $20.77 and a two-hundred day moving average of $19.74. The company has a quick ratio of 1.31, a current ratio of 1.70 and a debt-to-equity ratio of 0.20. The firm has a market cap of $818.14 million, a P/E ratio of 20.62 and a beta of 1.49. Myers Industries has a twelve month low of $9.95 and a twelve month high of $23.98.

The business also recently announced a quarterly dividend, which was paid on Friday, April 2nd. Shareholders of record on Thursday, March 18th were issued a dividend of $0.135 per share. The ex-dividend date of this dividend was Wednesday, March 17th. This represents a $0.54 dividend on an annualized basis and a yield of 2.38%. Myers Industries’s dividend payout ratio is currently 69.23%.

A number of analysts have weighed in on the company. Zacks Investment Research lowered Myers Industries from a “buy” rating to a “hold” rating in a report on Wednesday, March 17th. Cowen upped their price target on Myers Industries from $23.00 to $25.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 23rd.

In related news, CEO Michael Mcgaugh purchased 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, March 16th. The shares were purchased at an average cost of $19.84 per share, with a total value of $49,600.00. Following the purchase, the chief executive officer now owns 64,961 shares of the company’s stock, valued at approximately $1,288,826.24. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.74% of the company’s stock.

Myers Industries Company Profile

Myers Industries, Inc manufactures and sells polymer products for industrial, agricultural, automotive, commercial, and consumer markets in the United States and internationally. It operates through two segments, Material Handling and Distribution. The Material Handling segment designs, manufactures, and markets various plastic and metal products, including plastic reusable material handling containers and small parts storage bins, plastic recreational vehicle tanks and parts, marine tanks and parts, portable plastic fuel tanks and water containers, portable marine fuel containers, ammunition containers, storage totes, bulk shipping containers, and metal carts and cabinets.

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Earnings History for Myers Industries (NYSE:MYE)

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