Myers Industries (NYSE:MYE - Get Free Report) is projected to release its Q2 2025 earnings data before the market opens on Thursday, July 31st. Analysts expect Myers Industries to post earnings of $0.32 per share and revenue of $220.60 million for the quarter.
Myers Industries (NYSE:MYE - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The industrial products company reported $0.22 EPS for the quarter, topping 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 business had revenue of $206.75 million for the quarter, compared to analyst estimates of $206.80 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 Stock Performance
Myers Industries stock traded up $0.24 during mid-day trading on Friday, hitting $15.18. The company had a trading volume of 198,617 shares, compared to its average volume of 228,557. 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 12-month low of $9.06 and a 12-month high of $17.39. The company's fifty day moving average is $14.24 and its 200-day moving average is $12.42. The company has a market capitalization of $567.47 million, a price-to-earnings ratio of 54.22 and a beta of 1.14.
Myers Industries Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 18th were given a $0.135 dividend. The ex-dividend date was Wednesday, June 18th. This represents a $0.54 annualized dividend and a yield of 3.56%. Myers Industries's dividend payout ratio is presently 192.86%.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MYE. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Myers Industries by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,835 shares of the industrial products company's stock worth $260,000 after acquiring an additional 936 shares during the last quarter. Royal Bank of Canada increased its stake in shares of Myers Industries by 44.5% in the 1st quarter. Royal Bank of Canada now owns 24,684 shares of the industrial products company's stock worth $295,000 after acquiring an additional 7,607 shares during the last quarter. Millennium Management LLC increased its stake in shares of Myers Industries by 2.7% in the 1st quarter. Millennium Management LLC now owns 911,626 shares of the industrial products company's stock worth $10,876,000 after acquiring an additional 23,866 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Myers Industries by 12.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 320,996 shares of the industrial products company's stock worth $3,829,000 after acquiring an additional 34,787 shares during the last quarter. Finally, AQR Capital Management LLC increased its stake in shares of Myers Industries by 148.8% in the 1st quarter. AQR Capital Management LLC now owns 166,990 shares of the industrial products company's stock worth $1,992,000 after acquiring an additional 99,881 shares during the last quarter. Hedge funds and other institutional investors own 90.82% of the company's stock.
Analyst Ratings Changes
A number of research analysts have recently issued reports on MYE shares. Wall Street Zen upgraded Myers Industries from a "hold" rating to a "buy" rating in a research report on Sunday, June 22nd. KeyCorp upgraded Myers Industries from a "sector weight" rating to an "overweight" rating and set a $21.00 target price on the stock in a research report on Friday, June 13th.
Get Our Latest Research Report on MYE
Myers Industries Company Profile
(
Get Free Report)
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.
Further Reading
Before you consider Myers Industries, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Myers Industries wasn't on the list.
While Myers Industries currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Fall 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
MarketBeat All Access