Myers Industries (MYE) Set to Announce Quarterly Earnings on Monday

Myers Industries (NYSE:MYE - Get Free Report) will be releasing its earnings data after the market closes on Monday, November 4th. Myers Industries has set its FY 2024 guidance at 1.050-1.200 EPS.Persons interested in listening to the company's earnings conference call can do so using this link.

Myers Industries (NYSE:MYE - Get Free Report) last posted 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. The firm had revenue of $220.24 million for the quarter. Myers Industries had a net margin of 4.79% and a return on equity of 16.27%. During the same period last year, the business earned $0.35 earnings per share.

Myers Industries Stock Up 2.5 %

Shares of NYSE MYE traded up $0.30 during mid-day trading on Monday, reaching $12.53. The company had a trading volume of 131,194 shares, compared to its average volume of 250,080. 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 50 day simple moving average of $13.73 and a two-hundred day simple moving average of $15.31. The stock has a market cap of $465.90 million, a P/E ratio of 11.83 and a beta of 1.21. Myers Industries has a 52-week low of $12.15 and a 52-week high of $23.63.

Myers Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Tuesday, December 3rd will be given a $0.135 dividend. This represents a $0.54 dividend on an annualized basis and a dividend yield of 4.31%. The ex-dividend date of this dividend is Tuesday, December 3rd. Myers Industries's dividend payout ratio (DPR) is 50.94%.

Wall Street Analyst Weigh In

Separately, KeyCorp dropped their target price on shares of Myers Industries from $27.00 to $22.00 and set an "overweight" rating on the stock in a research report on Wednesday, October 9th.

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.