Analysts expect that Myers Industries, Inc. (NYSE:MYE) will post $0.07 earnings per share (EPS) for the current quarter, Zacks reports. Three analysts have provided estimates for Myers Industries’ earnings, with the highest EPS estimate coming in at $0.09 and the lowest estimate coming in at $0.05. Myers Industries posted earnings of $0.09 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 22.2%. The business is expected to issue its next quarterly earnings results on Tuesday, March 5th.

On average, analysts expect that Myers Industries will report full-year earnings of $0.71 per share for the current fiscal year, with EPS estimates ranging from $0.69 to $0.73. For the next fiscal year, analysts forecast that the business will report earnings of $0.81 per share, with EPS estimates ranging from $0.80 to $0.82. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that follow Myers Industries.

MYE has been the topic of several recent research reports. ValuEngine cut shares of Myers Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, January 2nd. TheStreet cut shares of Myers Industries from a “b” rating to a “c-” rating in a research note on Thursday, November 8th. Finally, Zacks Investment Research downgraded shares of Myers Industries from a “hold” rating to a “sell” rating in a research report on Tuesday, January 22nd. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $23.33.

Institutional investors have recently added to or reduced their stakes in the company. Quantamental Technologies LLC purchased a new position in shares of Myers Industries in the fourth quarter worth approximately $30,000. Simplex Trading LLC acquired a new stake in shares of Myers Industries in the fourth quarter worth $70,000. C M Bidwell & Associates Ltd. acquired a new stake in shares of Myers Industries in the third quarter worth $113,000. AQR Capital Management LLC acquired a new stake in shares of Myers Industries in the third quarter worth $311,000. Finally, Oregon Public Employees Retirement Fund acquired a new stake in shares of Myers Industries in the fourth quarter worth $203,000. 88.90% of the stock is currently owned by institutional investors and hedge funds.

Shares of MYE opened at $16.06 on Wednesday. The company has a market capitalization of $567.76 million, a PE ratio of 31.49 and a beta of 1.71. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.46 and a current ratio of 1.97. Myers Industries has a 12-month low of $14.24 and a 12-month high of $25.70.

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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