Myers Industries (MYE) Projected to Post Quarterly Earnings on Thursday

Myers Industries (NYSE:MYE) is expected to be releasing its earnings data before the market opens on Thursday, March 6th. Analysts expect Myers Industries to post earnings of $0.10 per share and revenue of $203.10 million for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Myers Industries Stock Down 10.5 %

MYE stock opened at $9.81 on Tuesday. The stock has a market capitalization of $365.52 million, a P/E ratio of 23.36 and a beta of 1.23. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.80 and a quick ratio of 1.11. Myers Industries has a 1-year low of $9.69 and a 1-year high of $23.63. The business has a fifty day moving average price of $11.54 and a 200-day moving average price of $12.41.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on MYE shares. KeyCorp lowered Myers Industries from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, November 6th. StockNews.com cut shares of Myers Industries from a “hold” rating to a “sell” rating in a report on Tuesday, January 28th.

Insider Activity at Myers Industries

In other news, CEO Dave Basque acquired 5,000 shares of the firm’s stock in a transaction dated Monday, December 9th. The shares were acquired at an average cost of $12.41 per share, with a total value of $62,050.00. Following the acquisition, the chief executive officer now directly owns 39,152 shares of the company’s stock, valued at approximately $485,876.32. The trade was a 14.64 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. In the last quarter, insiders have bought 11,000 shares of company stock worth $134,850. 1.40% of the stock is owned by corporate insiders.

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.