Myers Industries (MYE) Releases Earnings Results, Beats Expectations By $0.09 EPS

Myers Industries (MYE) reported quarterly earnings results on Monday, May-2-2016. The company said it had a profit of $0.21 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.09. Analysts had a consensus of $0.12. The company posted revenue of $151.20 million in the period, compared to analysts expectations of $148.00 million. The company’s revenue was down -3.3% compared to the same quarter last year.

Myers Industries closed down -0.08 points or -0.61% at $13.07 with 1,00,963 shares getting traded on Wednesday. Post opening the session at $13.15, the shares hit an intraday low of $13.01 and an intraday high of $13.274 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Mar 3, 2016, John B Crowe (director) purchased 2,000 shares at $11.73 per share price. According to the SEC, on Dec 3, 2015, John C Orr (President and CEO) sold 50,000 shares at $15.48 per share price. On Sep 14, 2015, Frederic Jack Jr Liebau (director) purchased 5,000 shares at $12.80 per share price, according to the Form-4 filing with the securities and exchange commission.

Myers Industries Inc. (Myers Industries) is an international manufacturing and distribution company. As of December 31 2014 the Company operated 22 manufacturing facilities 19 sales offices four distribution centers and three distribution branches located throughout North Central and South America. The Company operates through two segments: Material Handling and Distribution. In its Material Handling Segment it designs manufactures and markets a range of plastic products including plastic reusable material handling containers small parts storage bins portable plastic fuel tanks and water containers among others. The Distribution Segment is engaged in the distribution of tools equipment and supplies used for tire wheel and under vehicle service on passenger heavy truck and off-road vehicles and the manufacturing of tire repair materials and custom rubber products.

Myers Industries

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