Myers Industries (MYE) Releases Earnings Results, Misses Expectations By $-0.02 EPS

Myers Industries (MYE) reported quarterly earnings results on Wednesday, Aug-3-2016. The company reported $0.21 earnings per share for the quarter, missing the analyst consensus estimate by $-0.02. Analysts had a consensus of $0.23. The company posted revenue of $144.10 million in the period, compared to analysts expectations of $152.90 million. The company’s revenue was down -12.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.30 EPS.

Myers Industries closed down -0.18 points or -1.20% at $14.8 with 33,201 shares getting traded on Tusday. Post opening the session at $14.97, the shares hit an intraday low of $14.78 and an intraday high of $15.3 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.

In a different news, on May 6, 2016, Jane Scaccetti (director) purchased 2,800 shares at $13.70 per share price. According to the SEC, on May 6, 2016, R David Banyard (CEO) purchased 20,000 shares at $13.90 per share price. On Mar 3, 2016, John B Crowe (director) purchased 2,000 shares at $11.73 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

Leave a Reply

Myers Industries - Is it time to Sell?

Top Brokerage Firms are advising their investors on Myers Industries. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.