Myers Industries (NYSE:MYE) Stock Price Crosses Below Fifty Day Moving Average After Earnings Miss

Key Points

• Myers Industries missed earnings expectations: Third-quarter EPS was $0.32 versus the $0.45 consensus, while revenue reached $171.34 million, exceeding estimates of $163.80 million. Gross margin declined to 27.3%, and the company reported a $0.9 million net loss.
• Shares fell below the 50-day moving average: The stock traded as low as $27.39 and last changed hands near $30.27, below its $31.54 50-day average.
• Management highlighted future growth initiatives: Myers expects fourth-quarter margin improvement and plans to expand Signature capacity by 30% in 2027 and again in 2029, targeting roughly $60 million in incremental revenue through 2029. The company also maintained its quarterly dividend at $0.135 per share.

Myers Industries, Inc. (NYSE:MYE - Get Free Report) shares passed below its fifty day moving average during trading on Thursday following a dissappointing earnings announcement. The stock has a fifty day moving average of $31.54 and traded as low as $27.39. Myers Industries shares last traded at $30.2680, with a volume of 943,315 shares trading hands.

The industrial products company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.13). The business had revenue of $171.34 million during the quarter, compared to analysts' expectations of $163.80 million. Myers Industries had a net margin of 4.86% and a return on equity of 19.86%. During the same period last year, the company earned $0.19 earnings per share.

Myers Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 6th. Investors of record on Friday, December 4th will be paid a $0.1350 dividend. This represents a $0.54 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Friday, December 4th. Myers Industries's dividend payout ratio is currently 55.67%.

Trending Headlines about Myers Industries

Here are the key news stories impacting Myers Industries this week:

• Positive Sentiment: Myers Industries reported third-quarter revenue of approximately $171.3 million, up 8.1% year over year and above the $163.8 million analyst consensus. Infrastructure revenue rose 38%, while Food & Beverage revenue increased 12%. Myers Industries Revenue Rises 8.1% to $171.3 Million in Third Quarter
• Positive Sentiment: The company expects significant sequential margin improvement in the fourth quarter as pricing actions take effect and resin costs stabilize. Operating cash flow was $17.4 million, and total liquidity stood at $254.7 million. Myers Industries Announces 2026 Third Quarter Results
• Positive Sentiment: Myers outlined plans to expand Signature capacity by 30% in 2027 and another 30% in 2029, targeting approximately $60 million in incremental revenue through 2029. Myers outlines Signature capacity expansions
• Negative Sentiment: Adjusted third-quarter EPS was $0.32, below the $0.45 consensus estimate. Gross profit fell 5.0% to $46.8 million, gross margin contracted to 27.3% from 31.1%, and the company recorded a $0.9 million net loss versus $7.1 million of net income a year earlier. Myers Industries Slips to Loss in Q3

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on MYE. Weiss Ratings upgraded Myers Industries from a "buy (b-)" rating to a "buy (b)" rating in a research report on Tuesday. Wall Street Zen downgraded shares of Myers Industries from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, October 20th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Myers Industries presently has an average rating of "Moderate Buy" and a consensus price target of $37.00.

Institutional Trading of Myers Industries

Several hedge funds have recently added to or reduced their stakes in MYE. Strs Ohio lifted its position in Myers Industries by 5.5% in the first quarter. Strs Ohio now owns 13,500 shares of the industrial products company's stock valued at $286,000 after acquiring an additional 700 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in Myers Industries in the 2nd quarter valued at about $40,000. Inspire Investing LLC increased its position in Myers Industries by 6.4% in the 3rd quarter. Inspire Investing LLC now owns 20,667 shares of the industrial products company's stock valued at $636,000 after acquiring an additional 1,250 shares during the period. Bank of New York Mellon Corp raised its stake in Myers Industries by 0.4% during the 1st quarter. Bank of New York Mellon Corp now owns 417,591 shares of the industrial products company's stock valued at $8,845,000 after acquiring an additional 1,525 shares during the last quarter. Finally, NewEdge Advisors LLC purchased a new stake in Myers Industries during the 1st quarter valued at approximately $43,000. Institutional investors and hedge funds own 90.82% of the company's stock.

Myers Industries Stock Down 6.0%

The business has a 50-day simple moving average of $31.54 and a two-hundred day simple moving average of $26.50. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.21 and a current ratio of 1.61. The company has a market capitalization of $1.14 billion, a price-to-earnings ratio of 31.20 and a beta of 0.83.

About Myers Industries

Myers Industries, Inc is a manufacturer and distributor of products serving industrial, agricultural, automotive, commercial and consumer markets. Founded in 1933 and headquartered in Akron, Ohio, the company operates primarily in North America.

Through its material-handling businesses, Myers Industries produces reusable plastic containers, totes, pallets, drums, tanks and other molded products. These products are used to store, transport and protect materials across industries such as manufacturing, food processing, agriculture, healthcare and logistics.

The company also distributes tire-service supplies, equipment and related products to tire dealers, retreaders, commercial fleets and automotive service providers.

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