What is KeyCorp's Estimate for MYE FY2024 Earnings?

Myers Industries, Inc. (NYSE:MYE - Free Report) - Research analysts at KeyCorp issued their FY2024 earnings per share (EPS) estimates for shares of Myers Industries in a report released on Tuesday, November 5th. KeyCorp analyst S. Barger expects that the industrial products company will post earnings of $0.95 per share for the year. KeyCorp has a "Sector Weight" rating on the stock. The consensus estimate for Myers Industries' current full-year earnings is $1.13 per share. KeyCorp also issued estimates for Myers Industries' Q4 2024 earnings at $0.10 EPS and FY2025 earnings at $1.17 EPS.

Myers Industries Price Performance

MYE traded up $0.21 on Friday, hitting $12.11. 339,405 shares of the company were exchanged, compared to its average volume of 254,782. Myers Industries has a fifty-two week low of $10.77 and a fifty-two week high of $23.63. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.16 and a current ratio of 1.81. The firm has a market capitalization of $450.57 million, a P/E ratio of 28.29 and a beta of 1.23. The business's fifty day moving average is $13.21 and its 200 day moving average is $14.80.

Myers Industries (NYSE:MYE - Get Free Report) last posted its quarterly earnings results on Monday, November 4th. The industrial products company reported $0.25 earnings per share for the quarter, missing analysts' consensus estimates of $0.29 by ($0.04). Myers Industries had a return on equity of 14.53% and a net margin of 1.88%. The company had revenue of $205.07 million for the quarter. During the same quarter in the previous year, the business posted $0.38 earnings per share.

Myers Industries Announces Dividend

The company also recently disclosed 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 annualized dividend and a yield of 4.46%. The ex-dividend date is Tuesday, December 3rd. Myers Industries's payout ratio is currently 128.57%.

Institutional Trading of Myers Industries

Institutional investors have recently bought and sold shares of the company. nVerses Capital LLC acquired a new position in shares of Myers Industries during the 2nd quarter worth $25,000. DekaBank Deutsche Girozentrale acquired a new position in Myers Industries during the first quarter worth about $91,000. Quest Partners LLC purchased a new stake in shares of Myers Industries in the third quarter valued at about $150,000. Covestor Ltd grew its position in shares of Myers Industries by 712,200.0% in the first quarter. Covestor Ltd now owns 7,123 shares of the industrial products company's stock valued at $165,000 after purchasing an additional 7,122 shares during the last quarter. Finally, Gallacher Capital Management LLC purchased a new position in shares of Myers Industries during the 2nd quarter worth approximately $186,000. 90.82% of the stock is currently owned by hedge funds and other institutional investors.

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.