Myers Industries (MYE) Projected to Post Earnings on Thursday

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

Myers Industries Stock Performance

Shares of MYE opened at $10.88 on Thursday. Myers Industries has a 12 month low of $10.35 and a 12 month high of $23.63. The stock has a fifty day moving average price of $11.60 and a 200-day moving average price of $12.48. The company has a current ratio of 1.80, a quick ratio of 1.11 and a debt-to-equity ratio of 1.36. The firm has a market cap of $405.39 million, a PE ratio of 25.90 and a beta of 1.22.

Insider Activity at Myers Industries

In other news, CEO Dave Basque bought 5,000 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The shares were purchased at an average price of $12.41 per share, for a total transaction of $62,050.00. Following the completion of the transaction, the chief executive officer now directly owns 39,152 shares in the company, valued at approximately $485,876.32. This represents a 14.64 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders have bought a total of 17,000 shares of company stock valued at $203,530 in the last ninety days. Company insiders own 1.40% of the company’s stock.

Wall Street Analyst Weigh In

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

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.