Myers Industries (MYE) Scheduled to Post Quarterly Earnings on Tuesday

Myers Industries (NYSE:MYEGet Free Report) is scheduled to issue its quarterly earnings data before the market opens on Tuesday, March 5th. Analysts expect the company to announce earnings of $0.26 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Myers Industries Stock Up 0.3 %

Shares of MYE stock opened at $19.66 on Tuesday. The stock has a market cap of $724.27 million, a P/E ratio of 14.67 and a beta of 1.31. Myers Industries has a twelve month low of $15.65 and a twelve month high of $26.49. The stock has a 50 day moving average of $19.09 and a 200 day moving average of $18.27. The company has a current ratio of 1.51, a quick ratio of 0.92 and a debt-to-equity ratio of 0.15.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on MYE shares. KeyCorp boosted their price objective on Myers Industries from $21.00 to $22.00 and gave the stock an “overweight” rating in a research note on Thursday, December 14th. StockNews.com raised Myers Industries from a “hold” rating to a “buy” rating in a research note on Tuesday, November 21st.

Read Our Latest Analysis on MYE

Institutional Trading of Myers Industries

A number of hedge funds have recently added to or reduced their stakes in the stock. Norges Bank purchased a new position in Myers Industries during the fourth quarter worth $4,604,000. Price T Rowe Associates Inc. MD increased its position in Myers Industries by 4.5% during the second quarter. Price T Rowe Associates Inc. MD now owns 4,163,738 shares of the industrial products company’s stock worth $94,642,000 after buying an additional 180,298 shares in the last quarter. Vanguard Group Inc. increased its position in Myers Industries by 3.1% during the fourth quarter. Vanguard Group Inc. now owns 2,664,405 shares of the industrial products company’s stock worth $52,089,000 after buying an additional 80,600 shares in the last quarter. AQR Capital Management LLC grew its position in shares of Myers Industries by 69.6% in the third quarter. AQR Capital Management LLC now owns 126,362 shares of the industrial products company’s stock valued at $2,266,000 after purchasing an additional 51,868 shares during the period. Finally, Citadel Advisors LLC purchased a new stake in shares of Myers Industries in the third quarter valued at $790,000. 88.57% of the stock is owned by institutional investors and hedge funds.

About Myers Industries

(Get Free Report)

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.

Further Reading

Earnings History for Myers Industries (NYSE:MYE)

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