Revenue Update on Myers Industries(NYSE:MYE)

Myers Industries(NYSE:MYE) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 3, 2016. Company reported revenue of $144.12M. Analysts estimated a revenue of $152.90M. Earnings per share were $0.21. Analysts had estimated an EPS of $0.23.

Myers Industries (MYE) made into the market gainers list on Fridays trading session with the shares advancing 0.21% or 0.03 points. Due to strong positive momentum, the stock ended at $14, which is also near the day’s high of $14.04. The stock began the session at $14 and the volume stood at 48,240 shares. The 52-week high of the shares is $15.86 and the 52 week low is $10.12. The company has a current market capitalization of $419 M and it has 2,98,95,570 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On May 6, 2016, Jane Scaccetti (director) purchased 2,800 shares at $13.70 per share price.Also, 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.

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