Should I buy or sell Myers Industries stock right now?

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Myers Industries in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street equities 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 Wall Street research analysts have issued 12 month price objectives for Myers Industries' stock. Their MYE share price targets range from $30.00 to $30.00. On average, they predict the company's share price to reach $30.00 in the next twelve months. This suggests a possible upside of 40.8% 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 at the beginning of the year. Since then, MYE shares have increased by 9.0% and is now trading at $21.30. View the best growth stocks for 2024 here .

Are investors shorting Myers Industries?

Myers Industries saw a drop in short interest in 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 daily 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 Thursday, May 2nd 2024. View our MYE earnings forecast .

How were Myers Industries' earnings last quarter?

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

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

Myers Industries announced a quarterly dividend on Friday, March 1st. Shareholders of record on Saturday, March 16th will be paid a dividend of $0.135 per share on Thursday, April 4th. This represents a $0.54 dividend on an annualized basis and a yield of 2.54%. The ex-dividend date 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 2.48%. 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) . 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 EPS guidance of 1.300-1.450 for the period, compared to the consensus 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 a variety of retail and institutional investors. Top institutional investors include 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.. Read More

NYSE:MYE

Myers Industries (MYE) Stock Price, News & Analysis

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$21.30

-0.08 (-0.37%)

(As of 11:32 AM ET)

Compare

Today's Range: $20.88
▼
$21.34
50-Day Range: $18.37
▼
$23.21
52-Week Range: $15.65
▼
$23.63

Volume: 20,781 shs
Average Volume: 261,939 shs
Market Capitalization: $786.82 million

P/E Ratio: 16.14
Dividend Yield: 2.54%
Price Target: $30.00

Get Myers Industries alerts:

Myers Industries MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 40.8% 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: 0.52
Based on 3 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.

3.67 out of 5 stars

Industrial Products Sector

65th out of 166 stocks

Plastics Products, Not Elsewhere Classified Industry

5th out of 10 stocks

3.5

Analyst's Opinion

Consensus Rating
Myers Industries has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.
Amount of Analyst Coverage
Myers Industries has only been the subject of 1 research reports in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
1.23% of the outstanding shares of Myers Industries have been sold short.
Short Interest Ratio / Days to Cover
Myers Industries has a short interest ratio ("days to cover") of 1.6, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Myers Industries has recently decreased by 43.52%, indicating that investor sentiment is improving significantly.

1.7

Dividend Strength

Dividend Yield
Myers Industries pays a meaningful dividend of 2.48%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Myers Industries does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Myers Industries is 40.91%. This payout ratio is at a healthy, sustainable level, below 75%.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for MYE.

2.5

News and Social Media Coverage

News Sentiment
Myers Industries has a news sentiment score of 0.52. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.65 average news sentiment score of Industrial Products companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for Myers Industries this week, compared to 2 articles on an average week.
Search Interest
Only 1 people have searched for MYE on MarketBeat in the last 30 days. This is a decrease of -75% compared to the previous 30 days.
MarketBeat Follows
2 people have added Myers Industries to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Myers Industries insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 1.40% of the stock of Myers Industries is held by insiders.
Percentage Held by Institutions
90.82% of the stock of Myers Industries is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Myers Industries is 16.14, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 135.01.
Price to Earnings Ratio vs. Sector
The P/E ratio of Myers Industries is 16.14, which means that it is trading at a less expensive P/E ratio than the Industrial Products sector average P/E ratio of about 17.81.
Price to Book Value per Share Ratio
Myers Industries has a P/B Ratio of 2.68. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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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

30 days | 90 days | 365 days | Advanced Chart

MYE Stock News Headlines

April 13, 2024 | bizjournals.com

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April 11, 2024 | americanbankingnews.com

Short Interest in Myers Industries, Inc. (NYSE:MYE) Decreases By 43.5%

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April 8, 2024 | finance.yahoo.com

eLuma, a Leeds Equity Partners portfolio company, Appoints Andy Myers as Chief Executive Officer

April 5, 2024 | finance.yahoo.com

Investing in Myers Industries (NYSE:MYE) five years ago would have delivered you a 42% gain

April 3, 2024 | msn.com

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April 3, 2024 | msn.com

Brick-throwing vandal caught on camera smashing windshields

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March 28, 2024 | news.yahoo.com

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March 28, 2024 | forbes.com

Onda Highlights Latina-Owned Healing Therapies At Susurros Del Corazón

March 18, 2024 | businesswire.com

Myers Industries Hosts Investor Day and Unveils its Horizon Two Strategy Outlook

March 16, 2024 | msn.com

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March 14, 2024 | bloomberg.com

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March 12, 2024 | msn.com

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March 9, 2024 | finance.yahoo.com

Myers Industries (NYSE:MYE) Could Be A Buy For Its Upcoming Dividend

March 8, 2024 | finance.yahoo.com

Myers Industries Full Year 2023 Earnings: EPS Beats Expectations

March 7, 2024 | seekingalpha.com

Myers Industries, Inc. (MYE) Q4 2023 Earnings Call Transcript

March 7, 2024 | finance.yahoo.com

Myers Industries, Inc.'s (NYSE:MYE) Sole Analyst Just Made A Notable Upgrade To Their Forecasts

March 6, 2024 | finance.yahoo.com

Q4 2023 Myers Industries Inc Earnings Call

March 6, 2024 | finance.yahoo.com

Myers Industries, Inc. (NYSE:MYE) Q4 2023 Earnings Call Transcript

March 5, 2024 | marketwatch.com

Myers Industries Stock on Track for Largest Percentage Increase in Over a Year

March 5, 2024 | washingtonpost.com

Myers: Q4 Earnings Snapshot

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: 4/16/2024
Next Earnings (Estimated): 5/02/2024
Fiscal Year End: 12/31/2024

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Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Industrial Products
Industry: Plastics products, not elsewhere classified
Sub-Industry: Metal & Glass Containers
Current Symbol: NYSE:MYE
CUSIP: 62846410
CIK: 69488
Web: www.myersindustries.com
Phone: (330) 253-5592
Fax: 330-761-6156
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: +40.8%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): $1.32
Trailing P/E Ratio: 16.14
Forward P/E Ratio: 15.43
P/E Growth: N/A
Net Income: $48.87 million
Net Margins: 6.01%
Pretax Margin: 8.12%
Return on Equity: 18.55%
Return on Assets: 9.52%

Debt

Debt-to-Equity Ratio: 0.14
Current Ratio: 1.55
Quick Ratio: 1.00

Sales & Book Value

Annual Sales: $813.07 million
Price / Sales: 0.97
Cash Flow: $1.99 per share
Price / Cash Flow: 10.71
Book Value: $7.95 per share
Price / Book: 2.68

Miscellaneous

Outstanding Shares: 36,940,000
Free Float: 36,422,000
Market Cap: $786.82 million
Optionable: Optionable
Beta: 1.31

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Key Executives

Mr. 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

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

MYE Stock Analysis - Frequently Asked Questions

Should I buy or sell Myers Industries stock right now?: 1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Myers Industries in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street equities 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 Wall Street research analysts have issued 12 month price objectives for Myers Industries' stock. Their MYE share price targets range from $30.00 to $30.00. On average, they predict the company's share price to reach $30.00 in the next twelve months. This suggests a possible upside of 40.8% 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 at the beginning of the year. Since then, MYE shares have increased by 9.0% and is now trading at $21.30.
View the best growth stocks for 2024 here.
Are investors shorting Myers Industries?: Myers Industries saw a drop in short interest in 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 daily 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 Thursday, May 2nd 2024.
View our MYE earnings forecast.
How were Myers Industries' earnings last quarter?: Myers Industries, Inc. (NYSE:MYE) announced its quarterly earnings results on Tuesday, March, 5th. The industrial products company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.26 by $0.03. The industrial products company earned $191.08 million during the quarter, compared to the consensus estimate of $191.60 million. Myers Industries had a net margin of 6.01% and a trailing twelve-month return on equity of 18.55%. During the same period last year, the company earned $0.32 earnings per share.
How often does Myers Industries pay dividends? What is the dividend yield for Myers Industries?: Myers Industries announced a quarterly dividend on Friday, March 1st. Shareholders of record on Saturday, March 16th will be paid a dividend of $0.135 per share on Thursday, April 4th. This represents a $0.54 dividend on an annualized basis and a yield of 2.54%. The ex-dividend date 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 2.48%. 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).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 EPS guidance of 1.300-1.450 for the period, compared to the consensus 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 a variety of retail and institutional investors. Top institutional investors include 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..
Read More

This page (NYSE:MYE) was last updated on 4/16/2024 by MarketBeat.com Staff

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