Myers Industries (MYE) Earning Somewhat Positive Press Coverage, Study Shows
News coverage about Myers Industries (NYSE:MYE) has trended somewhat positive recently, according to Accern Sentiment. The research firm identifies negative and positive media coverage by analyzing more than 20 million news and blog 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 daily sentiment score of 0.15 on Accern’s scale. Accern also gave news headlines about the industrial products company an impact score of 46.1136118078126 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the headlines that may have impacted Accern Sentiment’s scoring:
- Thymus Cancer Market 2017: Key Players – Amgen Inc., Astellas Pharma Inc., Astrazeneca, Bristol-Myers Squibb, Celgene Corporation and More (newsmaker.com.au)
- Myers Industries, Inc. breached its 50 day moving average in a Bullish Manner : MYE-US : November 22, 2017 (finance.yahoo.com)
- Analysts Anticipate Myers Industries, Inc. (MYE) Will Post Quarterly Sales of $143.15 Million (americanbankingnews.com)
- 13D Filing: GAMCO Investors and Myers Industries Inc (MYE) (feedproxy.google.com)
- Mobile Homes Are So Expensive Now, Hurricane Victims Can’t Afford Them (bloomberg.com)
MYE has been the subject of several recent research reports. Zacks Investment Research raised Myers Industries from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a research note on Friday, August 4th. KeyCorp reissued a “sell” rating and issued a $15.00 price target on shares of Myers Industries in a research note on Tuesday, November 7th. Finally, BidaskClub lowered Myers Industries from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $17.50.
Shares of Myers Industries (MYE) opened at $21.20 on Thursday. Myers Industries has a 52-week low of $13.20 and a 52-week high of $22.65. The company has a debt-to-equity ratio of 1.62, a quick ratio of 1.06 and a current ratio of 1.56. The company has a market capitalization of $662.03, a PE ratio of 53.05, a P/E/G ratio of 14.80 and a beta of 1.78.
Myers Industries (NYSE:MYE) last announced its earnings results on Tuesday, November 7th. The industrial products company reported $0.11 EPS for the quarter, meeting the consensus estimate of $0.11. Myers Industries had a return on equity of 12.93% and a net margin of 1.24%. The company had revenue of $144.10 million for the quarter, compared to analyst estimates of $138.93 million. During the same quarter in the prior year, the company earned $0.04 EPS. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. research analysts forecast that Myers Industries will post 0.49 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Friday, December 1st will be given a dividend of $0.135 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.54 annualized dividend and a dividend yield of 2.55%. Myers Industries’s payout ratio is 234.78%.
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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