Myers Industries (MYE) Projected to Post Earnings on Thursday

Myers Industries (NYSE:MYE - Get Free Report) is anticipated to post its Q2 2025 quarterly earnings results 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 posted its earnings results 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. The business had revenue of $206.75 million during the quarter, compared to analysts' expectations of $206.80 million. Myers Industries had a return on equity of 14.02% and a net margin of 1.26%. 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 Price Performance

Shares of MYE stock traded down $0.44 during trading on Thursday, hitting $14.94. The company had a trading volume of 263,423 shares, compared to its average volume of 225,299. The stock's 50-day moving average is $14.14 and its two-hundred day moving average is $12.35. The stock has a market capitalization of $558.53 million, a price-to-earnings ratio of 53.36 and a beta of 1.14. The company has a quick ratio of 1.14, a current ratio of 1.78 and a debt-to-equity ratio of 1.34. Myers Industries has a 52 week low of $9.06 and a 52 week high of $17.39.

Myers Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 18th were given a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a dividend yield of 3.61%. The ex-dividend date of this dividend was Wednesday, June 18th. Myers Industries's dividend payout ratio (DPR) is currently 192.86%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on MYE shares. KeyCorp raised Myers Industries from a "sector weight" rating to an "overweight" rating and set a $21.00 target price on the stock in a research note on Friday, June 13th. Wall Street Zen upgraded Myers Industries from a "hold" rating to a "buy" rating in a research report on Sunday, June 22nd.

Institutional Investors Weigh In On Myers Industries

A number of hedge funds have recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in 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 purchasing an additional 936 shares during the period. Royal Bank of Canada grew its stake in shares of Myers Industries by 44.5% during the first quarter. Royal Bank of Canada now owns 24,684 shares of the industrial products company's stock valued at $295,000 after buying an additional 7,607 shares during the last quarter. AQR Capital Management LLC increased its holdings in shares of Myers Industries by 148.8% in the first quarter. AQR Capital Management LLC now owns 166,990 shares of the industrial products company's stock worth $1,992,000 after buying an additional 99,881 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of Myers Industries by 12.2% in the first quarter. Goldman Sachs Group Inc. now owns 320,996 shares of the industrial products company's stock worth $3,829,000 after buying an additional 34,787 shares during the period. Finally, Jane Street Group LLC lifted its stake in shares of Myers Industries by 52.5% in the 1st quarter. Jane Street Group LLC now owns 593,017 shares of the industrial products company's stock valued at $7,075,000 after acquiring an additional 204,144 shares during the last quarter. 90.82% of the stock is currently owned by institutional investors.

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.