Myers Industries Inc. (MYE) Stock Price Up 2.3%
Shares of Myers Industries Inc. (NYSE:MYE) rose 2.3% on Monday . The stock traded as high as $15.40 and last traded at $15.26, with a volume of 57,671 shares trading hands. The stock had previously closed at $14.91.
MYE has been the subject of several analyst reports. Zacks Investment Research raised shares of Myers Industries from a “sell” rating to a “hold” rating in a research note on Thursday, April 28th. TheStreet raised shares of Myers Industries from a “sell” rating to a “hold” rating in a research report on Friday, April 15th.
The company has a market capitalization of $454.34 million and a PE ratio of 50.79. The firm has a 50-day moving average price of $14.88 and a 200-day moving average price of $13.14.
Myers Industries (NYSE:MYE) last announced its quarterly earnings data on Monday, May 2nd. The company reported $0.21 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.09. The firm had revenue of $151.20 million for the quarter, compared to the consensus estimate of $148 million. During the same period in the prior year, the firm posted $0.13 earnings per share. The business’s revenue for the quarter was down 3.3% compared to the same quarter last year. Equities analysts expect that Myers Industries Inc. will post $0.67 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 5th. Shareholders of record on Friday, June 17th were issued a dividend of $0.135 per share. The ex-dividend date was Wednesday, June 15th. This represents a $0.54 annualized dividend and a yield of 3.52%.
In other news, Director Jane Scaccetti acquired 2,800 shares of the company’s stock in a transaction on Wednesday, May 4th. The stock was purchased at an average cost of $13.70 per share, with a total value of $38,360.00. Following the acquisition, the director now owns 2,800 shares of the company’s stock, valued at approximately $38,360. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO R David Banyard acquired 20,000 shares of the company’s stock in a transaction on Thursday, May 5th. The shares were purchased at an average cost of $13.90 per share, with a total value of $278,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 10,000 shares in the company, valued at approximately $139,000. The disclosure for this purchase can be found here.
Myers Industries, Inc is an international manufacturing and distribution company. The Company operates through two segments: Material Handling, which designs, manufactures and markets a range of plastic and metal products, and Distribution, which is engaged in the distribution of equipment, tools and supplies used for tire servicing and automotive undervehicle repair and the manufacture of tire repair and retreading products.
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