Myers Industries (MYE) Given Media Impact Score of 0.08

Press coverage about Myers Industries (NYSE:MYE) has trended somewhat positive on Friday, Alpha One reports. The research group, a unit of Accern, identifies negative and positive press coverage by monitoring more than twenty million news and blog sources. Alpha One ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Myers Industries earned a news sentiment score of 0.08 on Alpha One’s scale. Alpha One also assigned media headlines about the industrial products company an impact score of 94 out of 100, meaning that recent press coverage is extremely likely to have an effect on the stock’s share price in the next several days.

Myers Industries (NYSE:MYE) traded down 1.82% during trading on Friday, reaching $16.15. 68,301 shares of the company’s stock traded hands. Myers Industries has a 12 month low of $11.35 and a 12 month high of $17.05. The firm’s 50 day moving average is $15.18 and its 200-day moving average is $14.11. The company has a market capitalization of $484.86 million, a price-to-earnings ratio of 475.00 and a beta of 1.56.

Myers Industries (NYSE:MYE) last announced its quarterly earnings results on Thursday, March 9th. The industrial products company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by $0.05. The company earned $130.10 million during the quarter, compared to the consensus estimate of $129.14 million. Myers Industries had a net margin of 0.48% and a return on equity of 15.52%. The business’s revenue was down 6.5% compared to the same quarter last year. During the same period last year, the company earned $0.06 earnings per share. Analysts expect that Myers Industries will post $0.43 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 4th. Stockholders of record on Friday, March 17th were paid a $0.135 dividend. The ex-dividend date of this dividend was Wednesday, March 15th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 3.34%. Myers Industries’s dividend payout ratio (DPR) is presently 600.00%.

MYE has been the topic of a number of analyst reports. Zacks Investment Research raised shares of Myers Industries from a “sell” rating to a “hold” rating in a report on Wednesday, January 11th. Sidoti assumed coverage on shares of Myers Industries in a research note on Tuesday, February 14th. They set a “buy” rating on the stock.

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Myers Industries Company Profile

Myers Industries, Inc is an international manufacturing and distribution company. The Company operates through two segments: Material Handling, which designs, manufactures and markets a range of plastic and metal products, and Distribution, which is engaged in the distribution of equipment, tools and supplies used for tire servicing and automotive undervehicle repair and the manufacture of tire repair and retreading products.

5 Day Chart for NYSE:MYE

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