Myers Industries (MYE) Scheduled to Post Earnings on Tuesday

Myers Industries (NYSE:MYE - Get Free Report) will be releasing its earnings data before the market opens on Tuesday, May 7th. Persons interested in participating in the company's earnings conference call can do so using this link.

Myers Industries (NYSE:MYE - Get Free Report) last posted its quarterly earnings data on Tuesday, March 5th. The industrial products company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.03. The business had revenue of $191.08 million during the quarter, compared to the consensus estimate of $191.60 million. Myers Industries had a return on equity of 18.55% and a net margin of 6.01%. During the same period in the prior year, the company earned $0.32 earnings per share.

Myers Industries Stock Performance

Shares of MYE stock traded down $0.40 during trading hours on Tuesday, hitting $21.90. The stock had a trading volume of 147,309 shares, compared to its average volume of 253,178. The firm has a market capitalization of $808.99 million, a PE ratio of 16.59 and a beta of 1.31. Myers Industries has a twelve month low of $15.65 and a twelve month high of $23.63. The stock's 50 day moving average is $21.37 and its 200 day moving average is $19.35. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.55 and a quick ratio of 1.00.

Myers Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 4th. Stockholders of record on Saturday, March 16th were issued a $0.135 dividend. This represents a $0.54 annualized dividend and a dividend yield of 2.47%. The ex-dividend date of this dividend was Thursday, March 14th. Myers Industries's payout ratio is currently 40.91%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. StockNews.com raised Myers Industries from a "buy" rating to a "strong-buy" rating in a report on Saturday, March 16th. KeyCorp increased their price target on Myers Industries from $22.00 to $30.00 and gave the stock an "overweight" rating in a report on Friday, March 22nd.

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.