Myers Industries (MYE) Projected to Post Quarterly 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. Investors interested in participating in the company’s conference call can do so using this link.

Myers Industries Stock Up 4.1 %

MYE opened at $10.88 on Thursday. The company has a fifty day moving average of $11.60 and a two-hundred day moving average of $12.48. The stock has a market capitalization of $405.39 million, a price-to-earnings ratio of 25.90 and a beta of 1.22. Myers Industries has a fifty-two week low of $10.35 and a fifty-two week high of $23.63. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.11 and a current ratio of 1.80.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on MYE. KeyCorp lowered Myers Industries from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, November 6th. StockNews.com cut Myers Industries from a “hold” rating to a “sell” rating in a research report on Tuesday, January 28th.

Insiders Place Their Bets

In other news, CEO Dave Basque acquired 5,000 shares of the stock in a transaction that occurred on Thursday, December 5th. The shares were bought at an average cost of $12.13 per share, for a total transaction of $60,650.00. Following the acquisition, the chief executive officer now owns 34,152 shares in the company, valued at approximately $414,263.76. This represents a 17.15 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last ninety days, insiders purchased 17,000 shares of company stock worth $203,530. Company insiders own 1.40% of the company’s stock.

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.