Somewhat Positive News Coverage Somewhat Unlikely to Affect Myers Industries (MYE) Stock Price
Media stories about Myers Industries (NYSE:MYE) have been trending somewhat positive recently, Accern Sentiment reports. The research group identifies positive and negative media coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Myers Industries earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned news headlines about the industrial products company an impact score of 45.4925757190336 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Myers Industries (NYSE:MYE) opened at $19.65 on Tuesday. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.56 and a quick ratio of 1.06. The stock has a market cap of $630.07, a PE ratio of 85.43, a P/E/G ratio of 10.53 and a beta of 1.84. Myers Industries has a one year low of $13.20 and a one year high of $22.65.
Myers Industries (NYSE:MYE) last posted its earnings results on Tuesday, November 7th. The industrial products company reported $0.11 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.11. The business had revenue of $144.10 million for the quarter, compared to analysts’ expectations of $138.93 million. Myers Industries had a net margin of 1.24% and a return on equity of 12.93%. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.04 EPS. analysts expect that Myers Industries will post 0.49 earnings per share for the current year.
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About Myers Industries
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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