News articles about Myers Industries (NYSE:MYE) have trended somewhat negative recently, according to Accern Sentiment. Accern rates the sentiment of press coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Myers Industries earned a news impact score of -0.01 on Accern’s scale. Accern also gave news stories about the industrial products company an impact score of 46.0829531974031 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the media headlines that may have effected Accern’s analysis:
- Accenture enhances Industry X.0 capabilities; buys hardware engineering firm Mindtribe, announces intent to acquire embedded company Pillar (wwpi.com)
- Accenture Expands Industry X.0 Capabilities with Two Acquisitions in North America (oleantimesherald.com)
- Myers Industries Appoints Ron De Feo to Its Board of Directors (finance.yahoo.com)
- Myers Industries, Inc. (MYE) Expected to Post Quarterly Sales of $136.37 Million (americanbankingnews.com)
- Myers Industries, Inc. (MYE) Expected to Post Earnings of $0.23 Per Share (americanbankingnews.com)
Myers Industries traded down $0.15, reaching $21.70, during mid-day trading on Friday, MarketBeat reports. 108,503 shares of the stock traded hands, compared to its average volume of 164,320. Myers Industries has a 12-month low of $17.10 and a 12-month high of $24.60. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.34 and a current ratio of 1.90. The stock has a market cap of $769.21 million, a PE ratio of 42.55 and a beta of 1.60.
Myers Industries (NYSE:MYE) last released its quarterly earnings results on Monday, July 30th. The industrial products company reported $0.27 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.02. Myers Industries had a return on equity of 19.11% and a net margin of 0.08%. The business had revenue of $140.60 million during the quarter, compared to analyst estimates of $144.30 million. During the same quarter in the previous year, the company posted $0.17 earnings per share. Myers Industries’s revenue for the quarter was up 3.9% on a year-over-year basis. sell-side analysts predict that Myers Industries will post 0.88 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 2nd. Shareholders of record on Friday, September 7th will be issued a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a yield of 2.49%. The ex-dividend date of this dividend is Thursday, September 6th. Myers Industries’s dividend payout ratio is presently 105.88%.
A number of equities research analysts have commented on the stock. ValuEngine lowered shares of Myers Industries from a “buy” rating to a “hold” rating in a report on Friday, May 18th. JPMorgan Chase & Co. assumed coverage on Myers Industries in a research note on Wednesday, July 11th. They issued a “neutral” rating and a $22.00 price target for the company. Zacks Investment Research cut Myers Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, May 9th. Finally, Robert W. Baird assumed coverage on Myers Industries in a research note on Wednesday, July 11th. They issued a “neutral” rating and a $21.00 price target for the company. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $21.60.
Myers Industries Company Profile
Myers Industries, Inc manufactures and sells polymer products for industrial, agricultural, automotive, commercial, and consumer markets worldwide. The company's Material Handling segment provides plastic reusable material handling containers, pallets, small parts bins, bulk shipping containers, storage and organization products, and rotationally-molded plastic tanks for water, fuel, and waste handling applications; welded steel service carts, platform trucks, mobile work centers, racks, and cabinets; plastic trim and interior parts used in the production of seat components, consoles, and other applications in the recreational vehicle, marine, and industrial markets; and plastic fuel containers, portable marine fuel tanks and water containers, ammunition containers, and storage totes under the Buckhorn, Akro-Mils, Jamco Products, Ameri-Kart, and Scepter brands.
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