What is KeyCorp's Estimate for MYE Q2 Earnings?

Myers Industries, Inc. (NYSE:MYE - Free Report) - Analysts at KeyCorp issued their Q2 2025 earnings per share estimates for Myers Industries in a report released on Thursday, June 12th. KeyCorp analyst S. Barger expects that the industrial products company will earn $0.32 per share for the quarter. KeyCorp has a "Overweight" rating and a $21.00 price target on the stock. The consensus estimate for Myers Industries' current full-year earnings is $0.95 per share. KeyCorp also issued estimates for Myers Industries' Q3 2025 earnings at $0.24 EPS, Q4 2025 earnings at $0.23 EPS, FY2025 earnings at $1.02 EPS and FY2026 earnings at $1.56 EPS.

Myers Industries (NYSE:MYE - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The industrial products company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.03. Myers Industries had a return on equity of 14.02% and a net margin of 1.26%. The company had revenue of $206.75 million during the quarter, compared to analysts' expectations of $206.80 million.

Separately, Wall Street Zen downgraded shares of Myers Industries from a "buy" rating to a "hold" rating in a research report on Saturday, June 14th.

Myers Industries Trading Down 0.6%

MYE stock traded down $0.09 during trading on Monday, hitting $14.55. The company had a trading volume of 175,048 shares, compared to its average volume of 329,082. The stock has a market cap of $543.98 million, a PE ratio of 51.97 and a beta of 1.12. The business has a 50-day moving average of $11.99 and a 200-day moving average of $11.78. The company has a current ratio of 1.78, a quick ratio of 1.14 and a debt-to-equity ratio of 1.34. Myers Industries has a one year low of $9.06 and a one year high of $17.39.

Myers Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 18th will be issued a dividend of $0.135 per share. The ex-dividend date is Wednesday, June 18th. This represents a $0.54 dividend on an annualized basis and a yield of 3.71%. Myers Industries's payout ratio is currently 192.86%.

Myers Industries declared that its board has initiated a share buyback plan on Thursday, March 6th that authorizes the company to buyback $10.00 million in outstanding shares. This buyback authorization authorizes the industrial products company to buy up to 2.2% of its stock through open market purchases. Stock buyback plans are often a sign that the company's leadership believes its shares are undervalued.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Access Investment Management LLC boosted its position in shares of Myers Industries by 75.0% during the 4th quarter. Access Investment Management LLC now owns 111,315 shares of the industrial products company's stock valued at $1,229,000 after purchasing an additional 47,710 shares in the last quarter. Y Intercept Hong Kong Ltd increased its holdings in Myers Industries by 25.7% in the fourth quarter. Y Intercept Hong Kong Ltd now owns 33,119 shares of the industrial products company's stock worth $366,000 after purchasing an additional 6,766 shares in the last quarter. Versor Investments LP lifted its stake in Myers Industries by 49.4% in the fourth quarter. Versor Investments LP now owns 23,600 shares of the industrial products company's stock valued at $261,000 after buying an additional 7,800 shares during the period. Aigen Investment Management LP bought a new position in shares of Myers Industries during the 4th quarter worth approximately $138,000. Finally, AlphaQuest LLC grew its position in shares of Myers Industries by 307.5% during the 4th quarter. AlphaQuest LLC now owns 44,109 shares of the industrial products company's stock worth $487,000 after buying an additional 33,286 shares during the period. 90.82% of the stock is owned by institutional investors.

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.