S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
How major US stock indexes fared Friday, 4/19/2024
American Express, Fifth Third rise; Netflix, PPG Industries fall, Friday, 4/19/2024
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Closing prices for crude oil, gold and other commodities
Comprehensive Analysis of PayPal Stock
Crews turn sights to removing debris from ship's deck in Baltimore bridge collapse cleanup
The Senate passes a reauthorization of a key US surveillance program just after a midnight deadline
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
How major US stock indexes fared Friday, 4/19/2024
American Express, Fifth Third rise; Netflix, PPG Industries fall, Friday, 4/19/2024
Intuitive Surgical Stock Can Trend Much Higher This Year 
Closing prices for crude oil, gold and other commodities
Comprehensive Analysis of PayPal Stock
Crews turn sights to removing debris from ship's deck in Baltimore bridge collapse cleanup
The Senate passes a reauthorization of a key US surveillance program just after a midnight deadline
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
How major US stock indexes fared Friday, 4/19/2024
American Express, Fifth Third rise; Netflix, PPG Industries fall, Friday, 4/19/2024
Intuitive Surgical Stock Can Trend Much Higher This Year 
Closing prices for crude oil, gold and other commodities
Comprehensive Analysis of PayPal Stock
Crews turn sights to removing debris from ship's deck in Baltimore bridge collapse cleanup
The Senate passes a reauthorization of a key US surveillance program just after a midnight deadline
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
How major US stock indexes fared Friday, 4/19/2024
American Express, Fifth Third rise; Netflix, PPG Industries fall, Friday, 4/19/2024
Intuitive Surgical Stock Can Trend Much Higher This Year 
Closing prices for crude oil, gold and other commodities
Comprehensive Analysis of PayPal Stock
Crews turn sights to removing debris from ship's deck in Baltimore bridge collapse cleanup
The Senate passes a reauthorization of a key US surveillance program just after a midnight deadline
NYSE:MYE

Myers Industries (MYE) Stock Price, News & Analysis

$21.57
+0.30 (+1.41%)
(As of 04/19/2024 ET)
Today's Range
$21.23
$21.63
50-Day Range
$18.64
$23.21
52-Week Range
$15.65
$23.63
Volume
183,180 shs
Average Volume
213,045 shs
Market Capitalization
$796.80 million
P/E Ratio
16.34
Dividend Yield
2.50%
Price Target
$30.00

Myers Industries MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
39.1% Upside
$30.00 Price Target
Short Interest
Healthy
1.23% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.09mentions of Myers Industries in the last 14 days
Based on 5 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
N/A

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.63 out of 5 stars

Industrial Products Sector

70th out of 159 stocks

Plastics Products, Not Elsewhere Classified Industry

5th out of 8 stocks

MYE stock logo

About Myers Industries Stock (NYSE:MYE)

Myers Industries, Inc. engages in distribution of tire service supplies in Ohio. It operates through two segments, The Material Handling and Distribution. The Material Handling segment offers pallets, small parts bins, bulk shipping containers, and OEM parts, as well as storage and organization, and custom plastic products; and injection molded, rotationally molded or blow molded products, consumer fuel containers and tanks for water, fuel, and waste handling. It serves industrial manufacturing, food processing, retail/wholesale products distribution, agriculture, automotive, recreational and marine vehicles, healthcare, appliance, bakery, electronics, textiles, consumer markets, and other markets under Akro-Mils, Jamco, Buckhorn, Ameri-Kart, Scepter, Elkhart Plastics, Trilogy Plastics, and Signature Systems brands directly to end-users, as well as through distributors. The Distribution segment engages in the distribution of tools, equipment, and supplies for tire, wheel, and under-vehicle service on passenger, heavy truck, and off-road vehicles; and manufacture and sale of tire repair materials and custom rubber products, as well as reflective highway marking tapes under the Myers Tire Supply, Myers Tire Supply International, Tuffy Manufacturing, Mohawk Rubber Sales, Patch Rubber Company, Elrick, Fleetline, MTS, Seymoure, Advance Traffic Markings, and MXP brands. This segment serves retail and truck tire dealers, commercial auto and truck fleets, auto dealers, general service and repair centers, tire re-treaders, truck stop operations, and government agencies. Myers Industries, Inc. was founded in 1933 and is headquartered in Akron, Ohio.

MYE Stock Price History

MYE Stock News Headlines

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SHOCKING Crypto Leak…
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See More Headlines
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Company Calendar

Last Earnings
3/05/2024
Ex-Dividend for 4/4 Dividend
3/14/2024
Dividend Payable
4/04/2024
Today
4/20/2024
Next Earnings (Confirmed)
5/07/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Plastics products, not elsewhere classified
Sub-Industry
Metal & Glass Containers
CUSIP
62846410
Employees
2,500
Year Founded
1933

Price Target and Rating

Average Stock Price Target
$30.00
High Stock Price Target
$30.00
Low Stock Price Target
$30.00
Potential Upside/Downside
+39.1%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$48.87 million
Pretax Margin
8.12%

Debt

Sales & Book Value

Annual Sales
$813.07 million
Cash Flow
$2.09 per share
Book Value
$7.95 per share

Miscellaneous

Free Float
36,422,000
Market Cap
$796.80 million
Optionable
Optionable
Beta
1.31

Social Links

A Guide To High-Short-Interest Stocks Cover

MarketBeat's analysts have just released their top five short plays for April 2024. Learn which stocks have the most short interest and how to trade them. Click the link below to see which companies made the list.

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Key Executives

  • Mr. Michael P. McGaughMr. Michael P. McGaugh (Age 50)
    President, CEO & Director
    Comp: $1.5M
  • Mr. Grant E. Fitz (Age 61)
    Executive VP & CFO
    Comp: $1.19M
  • Mr. James H. Gurnee (Age 66)
    Vice President of Sales, Marketing, Commercial Excellence & Distribution Segment
    Comp: $513.09k
  • Mr. Jeffrey Jon Baker (Age 61)
    Senior Vice President of Shared Services
    Comp: $633.18k
  • Ms. Meghan Beringer
    Senior Director of Investor Relations
  • Mr. Kevin M. McElgunn
    VP of Strategy & Corporate Development
  • Ms. Lorelei Evans
    Senior VP of Human Resources
  • Mr. Daniel W. Hoehn (Age 45)
    VP & Corporate Controller
    Comp: $384.74k
  • Ms. Sue A. Rilley
    Senior Corporate Counsel & Secretary
  • Ms. Flavia Pachi
    VP of Financial Planning & Analysis and Treasurer

MYE Stock Analysis - Frequently Asked Questions

Should I buy or sell Myers Industries stock right now?

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Myers Industries in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" MYE shares.
View MYE analyst ratings
or view top-rated stocks.

What is Myers Industries' stock price target for 2024?

1 brokerages have issued 12 month target prices for Myers Industries' stock. Their MYE share price targets range from $30.00 to $30.00. On average, they expect the company's stock price to reach $30.00 in the next year. This suggests a possible upside of 39.1% from the stock's current price.
View analysts price targets for MYE
or view top-rated stocks among Wall Street analysts.

How have MYE shares performed in 2024?

Myers Industries' stock was trading at $19.55 on January 1st, 2024. Since then, MYE shares have increased by 10.3% and is now trading at $21.57.
View the best growth stocks for 2024 here
.

Are investors shorting Myers Industries?

Myers Industries saw a drop in short interest during the month of March. As of March 31st, there was short interest totaling 453,000 shares, a drop of 43.5% from the March 15th total of 802,000 shares. Based on an average trading volume of 277,700 shares, the short-interest ratio is currently 1.6 days.
View Myers Industries' Short Interest
.

When is Myers Industries' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 7th 2024.
View our MYE earnings forecast
.

How can I listen to Myers Industries' earnings call?

Myers Industries will be holding an earnings conference call on Tuesday, May 7th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 929-458-6194 with passcode "762753".

How were Myers Industries' earnings last quarter?

Myers Industries, Inc. (NYSE:MYE) released its earnings results on Tuesday, March, 5th. The industrial products company reported $0.29 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.26 by $0.03. The industrial products company had revenue of $191.08 million for the quarter, compared to the consensus estimate of $191.60 million. Myers Industries had a trailing twelve-month return on equity of 18.55% and a net margin of 6.01%. During the same period in the prior year, the company posted $0.32 EPS.

How often does Myers Industries pay dividends? What is the dividend yield for Myers Industries?

Myers Industries declared a quarterly dividend on Friday, March 1st. Investors of record on Saturday, March 16th will be given a dividend of $0.135 per share on Thursday, April 4th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date of this dividend is Thursday, March 14th.
Read our dividend analysis for MYE
.

Is Myers Industries a good dividend stock?

Myers Industries (NYSE:MYE) pays an annual dividend of $0.54 per share and currently has a dividend yield of 2.54%. The dividend payout ratio is 40.91%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for MYE.

What ETFs hold Myers Industries' stock?

ETFs with the largest weight of Myers Industries (NYSE:MYE) stock in their portfolio include Invesco S&P SmallCap Materials ETF (PSCM) and Roundhill Acquirers Deep Value ETF (DEEP).Invesco S&P SmallCap High Dividend Low Volatility ETF (XSHD).

What guidance has Myers Industries issued on next quarter's earnings?

Myers Industries updated its FY 2024 earnings guidance on Wednesday, March, 6th. The company provided earnings per share (EPS) guidance of 1.300-1.450 for the period, compared to the consensus EPS estimate of 1.200. The company issued revenue guidance of $935.0 million-$975.7 million, compared to the consensus revenue estimate of $771.4 million.

What other stocks do shareholders of Myers Industries own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Myers Industries investors own include Frontier Communications (FTR), Wendy's (WEN), JPMorgan Chase & Co. (JPM), NVIDIA (NVDA), Pfizer (PFE), Exxon Mobil (XOM), Advanced Micro Devices (AMD), Verizon Communications (VZ), Discover Financial Services (DFS) and Gilead Sciences (GILD).

Who are Myers Industries' major shareholders?

Myers Industries' stock is owned by many different institutional and retail investors. Top institutional investors include Allspring Global Investments Holdings LLC (5.66%), Hodges Capital Management Inc. (0.07%), Los Angeles Capital Management LLC (0.04%) and Counterpoint Mutual Funds LLC (0.03%). Insiders that own company stock include Bruce M Lisman, Frederic Jack Liebau Jr, Lori A Lutey, Michael Mcgaugh, William A Foley, William A Foley and Yvette Dapremont Bright.
View institutional ownership trends
.

How do I buy shares of Myers Industries?

Shares of MYE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does Myers Industries have any subsidiaries?
The following companies are subsidiares of Myers Industries: Akro-Mils, Ameri-Kart (MI) Corp., Ameri-Kart Corp., Buckhorn Canada, Buckhorn Inc., Buckhorn Services Inc., DSS Direct Inc., Elkhart Plastics Inc., Elkhart Plastics LLC, Erie Island LLC, Jamco Products Inc., MYE Canada Operations Inc., MYECAP Financial Corp., Myers Holdings Brasil Ltda., Myers TSCA S.A., Myers Tire Supply, Myers Tire Supply Canada, Myers Tire Supply Distribution Inc., Myers de El Salvador S.A. De C.V., Myers de Panama S.A., MyersTireSupply.com Inc., Orientadores Comerciales S.A., Patch Rubber Company, Scepter Canada Inc., Scepter Manufacturing LLC, Scepter US Holding Company, and Tuffy Manufacturing Industries Inc..
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This page (NYSE:MYE) was last updated on 4/20/2024 by MarketBeat.com Staff

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