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S&P 500   5,011.12
DOW   37,775.38
QQQ   423.41
What's Driving Tesla Lower Ahead of its Earnings?
How major US stock indexes fared Thursday, 4/18/2024
3 Steel Stocks Could Soar on New China Tariffs
CSX Co.: The Railroad Powering Ahead with an Earnings Beat
Bear Market Funds to Watch This Year
Shares of Walmart-backed Ibotta soar on public debut
Closing prices for crude oil, gold and other commodities
S&P 500   5,011.12
DOW   37,775.38
QQQ   423.41
What's Driving Tesla Lower Ahead of its Earnings?
How major US stock indexes fared Thursday, 4/18/2024
3 Steel Stocks Could Soar on New China Tariffs
CSX Co.: The Railroad Powering Ahead with an Earnings Beat
Bear Market Funds to Watch This Year
Shares of Walmart-backed Ibotta soar on public debut
Closing prices for crude oil, gold and other commodities
S&P 500   5,011.12
DOW   37,775.38
QQQ   423.41
What's Driving Tesla Lower Ahead of its Earnings?
How major US stock indexes fared Thursday, 4/18/2024
3 Steel Stocks Could Soar on New China Tariffs
CSX Co.: The Railroad Powering Ahead with an Earnings Beat
Bear Market Funds to Watch This Year
Shares of Walmart-backed Ibotta soar on public debut
Closing prices for crude oil, gold and other commodities
NYSE:MYE

Myers Industries (MYE) Stock Price, News & Analysis

$21.29
+0.32 (+1.53%)
(As of 04/18/2024 ET)
Today's Range
$20.93
$21.29
50-Day Range
$18.64
$23.21
52-Week Range
$15.65
$23.63
Volume
183,329 shs
Average Volume
222,801 shs
Market Capitalization
$786.45 million
P/E Ratio
16.13
Dividend Yield
2.54%
Price Target
$30.00

Myers Industries MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
40.9% 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
0.03mentions of Myers Industries in the last 14 days
Based on 2 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.

3.45 out of 5 stars

Industrial Products Sector

70th out of 169 stocks

Plastics Products, Not Elsewhere Classified Industry

6th out of 10 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

Middle market strategies: Table of Experts
Biden to Launch “FedNOW” [Move Your Money Now]
Earlier this year President Biden signed the death warrant for America… Executive Order 14067 will essentially cancel your money. You see Biden and the Fed have teamed up to create a controllable, traceable, programmable digital currency to replace the dollar...
Biden to Launch “FedNOW” [Move Your Money Now]
Earlier this year President Biden signed the death warrant for America… Executive Order 14067 will essentially cancel your money. You see Biden and the Fed have teamed up to create a controllable, traceable, programmable digital currency to replace the dollar...
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Q4 2023 Myers Industries Inc Earnings Call
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
4/19/2024
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
+40.9%
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
$2.01 per share
Book Value
$7.95 per share

Miscellaneous

Free Float
36,422,000
Market Cap
$786.45 million
Optionable
Optionable
Beta
1.31

Social Links

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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 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 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 twelve-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 share price to reach $30.00 in the next year. This suggests a possible upside of 40.9% 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 2024. Since then, MYE shares have increased by 8.9% and is now trading at $21.29.
View the best growth stocks for 2024 here
.

Are investors shorting Myers Industries?

Myers Industries saw a decrease in short interest in the month of March. As of March 31st, there was short interest totaling 453,000 shares, a decrease of 43.5% from the March 15th total of 802,000 shares. Based on an average daily trading volume, of 277,700 shares, the days-to-cover 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 for the quarter, beating the consensus estimate of $0.26 by $0.03. The industrial products company had revenue of $191.08 million for the quarter, compared to analysts' expectations 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 quarter last year, the firm 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 annualized dividend and a dividend 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 2.58%. 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 issued an update on 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 earnings per share 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 retail and institutional investors. Top institutional shareholders 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 4/19/2024 by MarketBeat.com Staff

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