What is KeyCorp’s Estimate for MYE FY2024 Earnings?

Myers Industries, Inc. (NYSE:MYE) – KeyCorp issued their FY2024 earnings per share (EPS) estimates for Myers Industries in a research note issued on Tuesday, November 5th. KeyCorp analyst S. Barger forecasts that the industrial products company will post earnings of $0.95 per share for the year. KeyCorp currently has a “Sector Weight” rating on the stock. The consensus estimate for Myers Industries’ current full-year earnings is $0.97 per share. KeyCorp also issued estimates for Myers Industries’ Q4 2024 earnings at $0.10 EPS and FY2025 earnings at $1.17 EPS.

Myers Industries Stock Up 1.7 %

MYE opened at $12.11 on Friday. The stock has a market capitalization of $451.03 million, a price-to-earnings ratio of 28.82 and a beta of 1.23. Myers Industries has a 12 month low of $10.77 and a 12 month high of $23.63. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.80 and a quick ratio of 1.16. The business has a 50-day moving average of $13.14 and a two-hundred day moving average of $14.73.

Myers Industries (NYSE:MYE) last posted its earnings results on Monday, November 4th. The industrial products company reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.04). Myers Industries had a net margin of 1.88% and a return on equity of 14.75%. The company had revenue of $205.07 million during the quarter. During the same quarter last year, the business earned $0.38 earnings per share.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of MYE. nVerses Capital LLC acquired a new position in shares of Myers Industries in the 2nd quarter worth approximately $25,000. DekaBank Deutsche Girozentrale acquired a new stake in shares of Myers Industries during the first quarter worth $91,000. Covestor Ltd lifted its position in shares of Myers Industries by 712,200.0% in the 1st quarter. Covestor Ltd now owns 7,123 shares of the industrial products company’s stock worth $165,000 after buying an additional 7,122 shares during the last quarter. Quest Partners LLC acquired a new position in shares of Myers Industries in the 3rd quarter valued at about $150,000. Finally, Paloma Partners Management Co bought a new stake in shares of Myers Industries during the 1st quarter valued at about $254,000. Hedge funds and other institutional investors own 90.82% of the company’s stock.

Myers Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Tuesday, December 3rd will be paid a $0.135 dividend. The ex-dividend date is Tuesday, December 3rd. This represents a $0.54 dividend on an annualized basis and a dividend yield of 4.46%. Myers Industries’s dividend payout ratio (DPR) is currently 128.57%.

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.