Myers Industries (MYE) to Release Earnings on Tuesday

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

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

Myers Industries Trading Up 1.2 %

Shares of Myers Industries stock opened at $22.82 on Friday. 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 twelve month low of $15.65 and a twelve month high of $23.63. The firm has a market capitalization of $842.97 million, a PE ratio of 17.29 and a beta of 1.31. The firm’s 50-day moving average price is $21.63 and its 200 day moving average price is $19.48.

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 issued a dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date of this dividend was Thursday, March 14th. Myers Industries’s payout ratio is 40.91%.

Wall Street Analyst Weigh In

MYE has been the subject of a number of analyst reports. StockNews.com upgraded Myers Industries from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 16th. KeyCorp lifted 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.

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.