Equities research analysts expect Myers Industries, Inc. (NYSE:MYE) to report earnings of $0.12 per share for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Myers Industries’ earnings, with estimates ranging from $0.10 to $0.13. Myers Industries posted earnings of $0.13 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 7.7%. The firm is expected to issue its next quarterly earnings report on Thursday, February 27th.
On average, analysts expect that Myers Industries will report full year earnings of $0.77 per share for the current fiscal year, with EPS estimates ranging from $0.75 to $0.78. For the next financial year, analysts anticipate that the company will post earnings of $0.86 per share, with EPS estimates ranging from $0.83 to $0.88. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that follow Myers Industries.
Myers Industries (NYSE:MYE) last posted its quarterly earnings results on Tuesday, November 5th. The industrial products company reported $0.15 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.01. Myers Industries had a net margin of 3.90% and a return on equity of 17.53%. The business had revenue of $125.48 million during the quarter, compared to analysts’ expectations of $134.90 million. During the same quarter last year, the company posted $0.15 earnings per share. The business’s quarterly revenue was down 7.2% on a year-over-year basis.
NYSE MYE opened at $16.45 on Friday. The company has a market cap of $587.86 million, a price-to-earnings ratio of 21.64 and a beta of 1.56. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.10 and a quick ratio of 1.61. The stock’s fifty day moving average price is $16.54 and its 200 day moving average price is $17.17. Myers Industries has a 1 year low of $14.24 and a 1 year high of $19.55.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 6th will be given a $0.135 dividend. The ex-dividend date is Thursday, December 5th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 3.28%. Myers Industries’s dividend payout ratio (DPR) is currently 71.05%.
In other news, Director Ronald M. Defeo bought 10,000 shares of the stock in a transaction dated Friday, November 15th. The shares were acquired at an average cost of $16.25 per share, with a total value of $162,500.00. Following the purchase, the director now directly owns 11,570 shares in the company, valued at approximately $188,012.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.84% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Trust Co. of Vermont purchased a new stake in shares of Myers Industries in the second quarter valued at approximately $39,000. Tower Research Capital LLC TRC acquired a new position in shares of Myers Industries during the 3rd quarter worth $42,000. Aperio Group LLC purchased a new stake in shares of Myers Industries in the second quarter valued at about $92,000. Bank of Montreal Can boosted its position in Myers Industries by 118.4% during the second quarter. Bank of Montreal Can now owns 5,453 shares of the industrial products company’s stock worth $105,000 after acquiring an additional 2,956 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of Myers Industries in the 3rd quarter valued at $110,000. 87.26% of the stock is owned by institutional investors.
About Myers Industries
Myers Industries, Inc manufactures and sells polymer products for industrial, agricultural, automotive, commercial, and consumer markets worldwide. The company's Material Handling segment provides plastic reusable material handling containers, pallets, small parts bins, bulk shipping containers, storage and organization products, and rotationally-molded plastic tanks for water, fuel, and waste handling applications; welded steel service carts, platform trucks, mobile work centers, racks, and cabinets; plastic trim and interior parts used in the production of seat components, consoles, and other applications in the recreational vehicle, marine, and industrial markets; and plastic fuel containers, portable marine fuel tanks and water containers, ammunition containers, and storage totes under the Buckhorn, Akro-Mils, Jamco Products, Ameri-Kart, and Scepter brands.
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