Myers Industries (MYE) to Release Quarterly Earnings on Tuesday

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

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

Myers Industries Stock Performance

Shares of NYSE MYE opened at $22.82 on Monday. The company has a 50 day simple moving average of $21.63 and a two-hundred day simple moving average of $19.50. The stock has a market cap of $842.95 million, a price-to-earnings ratio of 17.29 and a beta of 1.31. The company has a current ratio of 1.55, a quick ratio of 1.00 and a debt-to-equity ratio of 0.14. Myers Industries has a 12 month low of $15.65 and a 12 month high of $23.63.

Myers Industries Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on MYE shares. StockNews.com upgraded Myers Industries from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 16th. KeyCorp lifted their price objective on Myers Industries from $22.00 to $30.00 and gave the company an “overweight” rating in a research note on Friday, March 22nd.

About Myers Industries

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.