Myers Industries (NYSE:MYE) updated its FY 2019 earnings guidance on Wednesday. The company provided EPS guidance of $0.75-0.85 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.79. Myers Industries also updated its FY19 guidance to $0.75 to $0.85 EPS.
Separately, Zacks Investment Research upgraded Myers Industries from a sell rating to a hold rating in a report on Saturday, March 2nd. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of $21.00.
NYSE:MYE opened at $16.92 on Friday. The stock has a market capitalization of $606.04 million, a price-to-earnings ratio of 21.91 and a beta of 1.69. The company has a current ratio of 2.10, a quick ratio of 1.61 and a debt-to-equity ratio of 0.51. Myers Industries has a 1-year low of $14.24 and a 1-year high of $25.70.
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About Myers Industries
Myers Industries, Inc manufactures and sells polymer products for industrial, agricultural, automotive, commercial, and consumer markets worldwide. The company's Material Handling segment provides plastic reusable material handling containers, pallets, small parts bins, bulk shipping containers, storage and organization products, and 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.
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