Myers Industries (MYE) Scheduled to Post Earnings on Monday

Posted by ABMN Staff on Oct 28th, 2024

Myers Industries (NYSE:MYE – Get Free Report) is scheduled to be posting its quarterly earnings results after the market closes on Monday, November 4th. Myers Industries has set its FY 2024 guidance at 1.050-1.200 EPS.Parties that are interested in participating in the company’s conference call can do so using this link.

Myers Industries (NYSE:MYE – Get Free Report) last issued its earnings results on Thursday, August 1st. The industrial products company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.08. Myers Industries had a return on equity of 16.27% and a net margin of 4.79%. The firm had revenue of $220.24 million for the quarter. During the same quarter last year, the firm earned $0.35 EPS.

Myers Industries Stock Down 1.8 %

MYE stock opened at $12.23 on Monday. Myers Industries has a 1 year low of $12.15 and a 1 year high of $23.63. The company has a fifty day simple moving average of $13.73 and a 200 day simple moving average of $15.31. The company has a current ratio of 1.81, a quick ratio of 1.16 and a debt-to-equity ratio of 1.32. The firm has a market cap of $454.75 million, a PE ratio of 11.54 and a beta of 1.21.

Myers Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Tuesday, December 3rd will be paid a $0.135 dividend. This represents a $0.54 dividend on an annualized basis and a yield of 4.42%. Myers Industries’s payout ratio is presently 50.94%.

Analyst Ratings Changes

Separately, KeyCorp cut their target price on shares of Myers Industries from $27.00 to $22.00 and set an “overweight” rating for the company in a research note on Wednesday, October 9th.

Get Our Latest Stock Analysis on Myers Industries

About Myers Industries

(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.