Myers Industries (NYSE:MYE) Earning Somewhat Positive Press Coverage, Accern Reports
News coverage about Myers Industries (NYSE:MYE) has been trending somewhat positive on Monday, Accern Sentiment reports. The research firm identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Myers Industries earned a news sentiment score of 0.16 on Accern’s scale. Accern also assigned press coverage about the industrial products company an impact score of 47.4078867290926 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the news stories that may have impacted Accern Sentiment’s rankings:
- Myers Industries, Inc. (MYE) to Issue Quarterly Dividend of $0.14 (americanbankingnews.com)
- Industrial Rubber Product Market Dynamics, Size, Share, Growth Factors & Forecast 2024 (sbwire.com)
- FY2017 EPS Estimates for Myers Industries, Inc. Increased by KeyCorp (MYE) (americanbankingnews.com)
- Q3 2017 EPS Estimates for Myers Industries, Inc. (NYSE:MYE) Increased by Analyst (americanbankingnews.com)
- Myers Industries Sales Down 1.3% in 2Q (mdm.com)
Several equities research analysts have weighed in on the company. Zacks Investment Research downgraded Myers Industries from a “buy” rating to a “hold” rating in a report on Friday, June 9th. TheStreet upgraded Myers Industries from a “c” rating to a “b-” rating in a report on Monday, May 8th. KeyCorp restated a “sell” rating on shares of Myers Industries in a report on Tuesday, August 1st. Finally, BidaskClub downgraded Myers Industries from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Two investment analysts have rated the stock with a sell rating and two have given a buy rating to the company. Myers Industries currently has an average rating of “Hold” and an average price target of $16.50.
Shares of Myers Industries (NYSE MYE) traded up 0.31% during midday trading on Monday, reaching $16.05. The company’s stock had a trading volume of 979,923 shares. Myers Industries has a 52 week low of $11.35 and a 52 week high of $19.45. The firm’s 50 day moving average is $18.18 and its 200 day moving average is $16.17. The firm has a market capitalization of $483.97 million, a price-to-earnings ratio of 120.68 and a beta of 1.76.
Myers Industries (NYSE:MYE) last released its quarterly earnings data on Tuesday, August 1st. The industrial products company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.15 by $0.02. Myers Industries had a return on equity of 10.71% and a net margin of 0.74%. The company had revenue of $142.30 million for the quarter, compared to analyst estimates of $142.95 million. During the same period last year, the company posted $0.21 earnings per share. The firm’s revenue was down 1.2% compared to the same quarter last year. Equities analysts forecast that Myers Industries will post $0.51 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 3rd. Shareholders of record on Friday, September 8th will be given a $0.135 dividend. This represents a $0.54 annualized dividend and a yield of 3.36%. Myers Industries’s dividend payout ratio (DPR) is presently 415.38%.
In other Myers Industries news, major shareholder Gamco Investors, Inc. Et Al sold 3,000 shares of the firm’s stock in a transaction dated Thursday, June 8th. The stock was sold at an average price of $18.44, for a total value of $55,320.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.75% of the company’s stock.
Myers Industries Company Profile
Myers Industries, Inc is an international manufacturing and distribution company. The Company operates through two segments: Material Handling and Distribution. As of December 31, 2016, the Company operated 15 manufacturing facilities, 20 sales offices, four distribution centers and three distribution branches located throughout North, Central and South America.
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