Myers Industries (NYS: MYE) reported earnings on April 19. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Myers Industries missed estimates on revenue and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew slightly and GAAP earnings per share increased significantly.
Margins increased across the board.
Myers Industries recorded revenue of $198.8 million. The three analysts polled by S&P Capital IQ expected a top line of $203.4 million on the same basis. GAAP reported sales were 2.8% higher than the prior-year quarter's $193.4 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Non-GAAP EPS came in at $0.30. The four earnings estimates compiled by S&P Capital IQ anticipated $0.23 per share on the same basis. GAAP EPS of $0.29 for Q1 were 53% higher than the prior-year quarter's $0.19 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 29.2%, 230 basis points better than the prior-year quarter. Operating margin was 8.6%, 190 basis points better than the prior-year quarter. Net margin was 5.0%, 150 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $184.8 million. On the bottom line, the average EPS estimate is $0.17.
Next year's average estimate for revenue is $786.9 million. The average EPS estimate is $0.81.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 78 members out of 88 rating the stock outperform, and 10 members rating it underperform. Among 26 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 25 give Myers Industries a green thumbs-up, and one gives it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Myers Industries is hold, with an average price target of $14.00.
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At the time thisarticle was published Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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