Myers Industries (MYE) to Release Earnings on Thursday

Myers Industries (NYSE:MYE) is projected to post its Q1 2025 quarterly earnings results before the market opens on Thursday, May 1st. Analysts expect the company to announce earnings of $0.19 per share and revenue of $206.80 million for the quarter.

Myers Industries (NYSE:MYE) last posted its earnings results on Thursday, March 6th. The industrial products company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.09. Myers Industries had a return on equity of 14.75% and a net margin of 1.88%. The company had revenue of $203.88 million for the quarter, compared to analyst estimates of $203.10 million. 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 Trading Up 3.7 %

Shares of Myers Industries stock opened at $9.89 on Thursday. The company has a current ratio of 1.80, a quick ratio of 1.11 and a debt-to-equity ratio of 1.36. The stock has a fifty day simple moving average of $11.17 and a 200 day simple moving average of $11.64. Myers Industries has a 12-month low of $9.06 and a 12-month high of $23.05. The company has a market capitalization of $368.67 million, a P/E ratio of 23.54 and a beta of 1.08.

Myers Industries declared that its board has authorized a stock repurchase program on Thursday, March 6th that permits the company to buyback $10.00 million in outstanding shares. This buyback authorization permits the industrial products company to purchase up to 2.2% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.

Myers Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 14th were issued a $0.135 dividend. The ex-dividend date was Friday, March 14th. This represents a $0.54 annualized dividend and a dividend yield of 5.46%. Myers Industries’s dividend payout ratio is currently 284.21%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Myers Industries from a “sell” rating to a “hold” rating in a research note on Friday, March 7th.

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.