Myers Industries, Inc. (NYSE:MYE) is reporting third quarter financial results on Thursday 29th October 2020, before market open.
According to analysts surveyed by Thomson Reuters, MYE is expected to report 3Q20 income of $ 0.14 per share from revenue of $ 119.90 million.
For the full year, analysts anticipate top line of $ 479.48 million, while looking forward to income of $ 0.72 per share bottom line.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 464.13 million ~ $ 464.13 million, where as bottomline are predicted in a range of $ 0.85 ~ $ 0.95 per share
Click Here For More Historical Outlooks Of Myers Industries, Inc.
Previous Quarter Performance
Myers Industries, Inc. announced income for the second quarter of $ 0.23 per share, from the revenue of $ 118.39 million. The quarterly earnings down 14.81 percent compared with the same quarter last year. Wall street analysts are predicting, MYE to report 2Q20 income of $ 0.13 per share from revenue of $ 107.29 million. The bottom line results beat street analysts by $ 0.1 or 76.92 percent, at the same time, top line results outshined analysts by $ 11.10 million or 10.35 percent.
Stock Performance
Shares of Myers Industries, Inc. traded low $ -0.35 or -2.49 percent on Wednesday, reaching $ 13.72 with volume of 73.10 thousand shares. Myers Industries, Inc. has traded high as $ 13.96 and has cracked $ 13.68 on the downward trend
According to the previous trading day, closing price of $ 13.72, representing a 103.62 % increase from the 52 week low of $ 6.91 and a 23.82 % decrease over the 52 week high of $ 18.47.
The company has a market capital of $ 491.10 million and is part of the Consumer Cyclical sector and Rubber & Plastics industry.
Recent Stock Dividend Announcement
On August 3, 2020, the board of directors authorized quarterly dividend of $ 0.135 per share to holders of record as of the close of business on September 2, 2020, with payment date of October 2, 2020 and ex-dividend date on September 1, 2020.
Conference Call
Myers Industries, Inc. will be hosting a conference call at 8:30 AM eastern time on 29th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.myersindustries.com
Myers Industries, Inc. manufactures and sells polymer products for industrial, agricultural, automotive, commercial, and consumer markets worldwide. The companys Material Handling segment provides plastic reusable material handling containers, pallets, small parts bins, bulk shipping containers, and storage and organization products; 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.
