Equities Analysts Issue Forecasts for MYE Q2 Earnings

Myers Industries, Inc. (NYSE:MYE) – Investment analysts at KeyCorp issued their Q2 2025 EPS estimates for Myers Industries in a research note issued on Thursday, June 12th. KeyCorp analyst S. Barger expects that the industrial products company will post earnings of $0.32 per share for the quarter. KeyCorp currently has a “Overweight” rating and a $21.00 target price on the stock. The consensus estimate for Myers Industries’ current full-year earnings is $0.95 per share. KeyCorp also issued estimates for Myers Industries’ Q3 2025 earnings at $0.24 EPS, Q4 2025 earnings at $0.23 EPS, FY2025 earnings at $1.02 EPS and FY2026 earnings at $1.56 EPS.

Myers Industries (NYSE:MYE) last released its quarterly earnings data on Thursday, May 1st. The industrial products company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.03. Myers Industries had a net margin of 1.88% and a return on equity of 14.75%. The firm had revenue of $206.75 million during the quarter, compared to analysts’ expectations of $206.80 million.

Separately, Wall Street Zen cut shares of Myers Industries from a “buy” rating to a “hold” rating in a report on Saturday.

Myers Industries Stock Up 1.0%

MYE opened at $14.68 on Monday. The company has a quick ratio of 1.11, a current ratio of 1.80 and a debt-to-equity ratio of 1.36. The firm has a 50 day moving average price of $11.70 and a 200-day moving average price of $11.72. Myers Industries has a twelve month low of $9.06 and a twelve month high of $17.39. The stock has a market capitalization of $548.77 million, a price-to-earnings ratio of 34.95 and a beta of 1.12.

Myers Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 18th will be issued a dividend of $0.135 per share. The ex-dividend date is Wednesday, June 18th. This represents a $0.54 dividend on an annualized basis and a yield of 3.68%. Myers Industries’s dividend payout ratio is currently 192.86%.

Myers Industries declared that its board has authorized a share buyback program on Thursday, March 6th that permits the company to repurchase $10.00 million in shares. This repurchase authorization permits the industrial products company to repurchase up to 2.2% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board of directors believes its stock is undervalued.

Institutional Trading of Myers Industries

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC increased its holdings in Myers Industries by 586.6% during the first quarter. GAMMA Investing LLC now owns 2,609 shares of the industrial products company’s stock valued at $31,000 after buying an additional 2,229 shares during the last quarter. CWM LLC increased its holdings in Myers Industries by 829.7% during the first quarter. CWM LLC now owns 4,695 shares of the industrial products company’s stock valued at $56,000 after buying an additional 4,190 shares during the last quarter. Aquatic Capital Management LLC boosted its position in shares of Myers Industries by 103.1% in the fourth quarter. Aquatic Capital Management LLC now owns 5,484 shares of the industrial products company’s stock worth $61,000 after purchasing an additional 2,784 shares during the period. Ieq Capital LLC bought a new position in shares of Myers Industries in the first quarter worth approximately $119,000. Finally, ProShare Advisors LLC bought a new position in shares of Myers Industries in the fourth quarter worth approximately $114,000. 90.82% of the stock is owned by hedge funds and other institutional investors.

About Myers Industries

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.