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S&P 500   4,205.45
DOW   33,093.34
QQQ   348.40
Stock market today: Markets mostly higher after Biden-McCarthy deal on US debt
Buy THIS stock before Taiwan is attacked (Ad)
10 Ways Entrepreneurs Can Navigate a Down Economy
Get the Most Out of Remote Meetings and Avoid Meeting Burn Out
Buy THIS stock before Taiwan is attacked (Ad)
A Woman Co-founder's Guide to Empowering Women in the Workplace and Advocating for Gender Equality
Open vs. Anonymous Employee Feedback — Which is Better?
Buy THIS stock before Taiwan is attacked (Ad)
PwC Australia sidelines 9 directors as leak of tax information investigated
South African president appoints judge to oversee weapons-for-Russia inquiry
S&P 500   4,205.45
DOW   33,093.34
QQQ   348.40
Stock market today: Markets mostly higher after Biden-McCarthy deal on US debt
Buy THIS stock before Taiwan is attacked (Ad)
10 Ways Entrepreneurs Can Navigate a Down Economy
Get the Most Out of Remote Meetings and Avoid Meeting Burn Out
Buy THIS stock before Taiwan is attacked (Ad)
A Woman Co-founder's Guide to Empowering Women in the Workplace and Advocating for Gender Equality
Open vs. Anonymous Employee Feedback — Which is Better?
Buy THIS stock before Taiwan is attacked (Ad)
PwC Australia sidelines 9 directors as leak of tax information investigated
South African president appoints judge to oversee weapons-for-Russia inquiry
S&P 500   4,205.45
DOW   33,093.34
QQQ   348.40
Stock market today: Markets mostly higher after Biden-McCarthy deal on US debt
Buy THIS stock before Taiwan is attacked (Ad)
10 Ways Entrepreneurs Can Navigate a Down Economy
Get the Most Out of Remote Meetings and Avoid Meeting Burn Out
Buy THIS stock before Taiwan is attacked (Ad)
A Woman Co-founder's Guide to Empowering Women in the Workplace and Advocating for Gender Equality
Open vs. Anonymous Employee Feedback — Which is Better?
Buy THIS stock before Taiwan is attacked (Ad)
PwC Australia sidelines 9 directors as leak of tax information investigated
South African president appoints judge to oversee weapons-for-Russia inquiry
NYSE:MYE

Myers Industries (MYE) Stock Forecast, Price & News

$19.42
+0.04 (+0.21%)
(As of 05/26/2023 07:00 PM ET)
Compare
Today's Range
$19.32
$19.52
50-Day Range
$18.41
$21.43
52-Week Range
$16.08
$26.49
Volume
53,700 shs
Average Volume
151,554 shs
Market Capitalization
$713.49 million
P/E Ratio
12.86
Dividend Yield
2.78%
Price Target
$26.13

Myers Industries MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
34.5% Upside
$26.13 Price Target
Short Interest
Healthy
0.74% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Acquiring Shares
$51,815 Bought Last Quarter
Proj. Earnings Growth
9.94%
From $1.71 to $1.88 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.07 out of 5 stars

Industrial Products Sector

5th out of 178 stocks

Plastics Products, Not Elsewhere Classified Industry

1st out of 11 stocks


MYE stock logo

About Myers Industries (NYSE:MYE) Stock

Myers Industries, Inc. engages in the manufacture and trade of polymer products. It operates through the Material Handling and Distribution business segments. The Material Handling segment designs, manufactures, and markets a variety of plastic and metal products. The Distribution segment offers tools, equipment, and supplies used for tire, wheel, and under vehicle service on passenger, heavy truck, and off-road vehicles. The company was founded by Louis Myers and Meyer Myers in 1933 and is headquartered in Akron, OH.

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MYE Stock News Headlines

AI Creates New Cancer Drug - In Just 30 Days!
On December 22, 2022, AI discovered a new treatment for multiple myeloma... in just 4 months... On March 19, 2023, AI discovered a new drug for liver cancer... in only 30 days... There's one small-cap at the center of it all. Bill Gates owns 7 million shares... Billionaire hedge-fund manager Steve Cohen owns 1.4 million shares...
Final stage before digital money
Our financial system is about to be transformed in a way that would’ve been unthinkable just a few years ago. And almost nobody is prepared for the chaos that follows.
MYE Myers Industries, Inc.
Pallet Boxes Market Complete Overview till 2030
Myers Industries hires Grant Fitz as CFO
See More Headlines
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MYE Company Calendar

Last Earnings
3/01/2023
Ex-Dividend for 4/4 Dividend
3/15/2023
Dividend Payable
4/04/2023
Today
5/29/2023
Next Earnings (Estimated)
8/01/2023
Fiscal Year End
12/31/2023

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 Forecast
$26.13
High Stock Price Forecast
$28.50
Low Stock Price Forecast
$23.75
Forecasted Upside/Downside
+34.5%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
1 Analysts

Profitability

Net Income
$60.27 million
Pretax Margin
8.12%

Debt

Sales & Book Value

Annual Sales
$899.55 million
Cash Flow
$2.28 per share
Book Value
$7.03 per share

Miscellaneous

Free Float
36,338,000
Market Cap
$713.49 million
Optionable
Optionable
Beta
1.41

Social Links


Key Executives

  • Mike McGaugh
    President, Chief Executive Officer & Director
  • Grant Edward Fitz
    Chief Financial Officer & Executive Vice President
  • Daniel W. Hoehn
    Vice President & Controller
  • Mike Valentino
    Group President-Distribution
  • Paul Johnson
    Vice President-Distribution Segment













MYE Stock - 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 hold rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" MYE shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MYE, but not buy additional shares or sell existing shares.
View MYE analyst ratings
or view top-rated stocks.

What is Myers Industries' stock price forecast for 2023?

1 analysts have issued twelve-month price targets for Myers Industries' shares. Their MYE share price forecasts range from $23.75 to $28.50. On average, they anticipate the company's stock price to reach $26.13 in the next year. This suggests a possible upside of 34.5% 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 2023?

Myers Industries' stock was trading at $22.23 at the start of the year. Since then, MYE shares have decreased by 12.6% and is now trading at $19.42.
View the best growth stocks for 2023 here
.

Are investors shorting Myers Industries?

Myers Industries saw a drop in short interest in the month of May. As of May 15th, there was short interest totaling 272,900 shares, a drop of 26.7% from the April 30th total of 372,200 shares. Based on an average trading volume of 171,300 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, August 1st 2023.
View our MYE earnings forecast
.

How were Myers Industries' earnings last quarter?

Myers Industries, Inc. (NYSE:MYE) posted its quarterly earnings data on Wednesday, March, 1st. The industrial products company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.31 by $0.01. The industrial products company earned $212.84 million during the quarter, compared to analysts' expectations of $220.63 million. Myers Industries had a trailing twelve-month return on equity of 22.87% and a net margin of 6.28%.

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

Myers Industries announced a quarterly dividend on Friday, March 3rd. Shareholders of record on Thursday, March 16th will be given a dividend of $0.135 per share on Tuesday, April 4th. This represents a $0.54 annualized dividend and a yield of 2.78%. The ex-dividend date is Wednesday, March 15th.
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 2.78%. The dividend payout ratio is 35.76%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MYE will have a dividend payout ratio of 28.72% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MYE.

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

Myers Industries issued an update on its FY 2023 earnings guidance on Thursday, May, 4th. The company provided EPS guidance of $1.55-$1.85 for the period, compared to the consensus EPS estimate of $1.70. The company issued revenue guidance of -.

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).

What is Myers Industries' stock symbol?

Myers Industries trades on the New York Stock Exchange (NYSE) under the ticker symbol "MYE."

Who are Myers Industries' major shareholders?

Myers Industries' stock is owned by a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (15.75%), Gamco Investors INC. ET AL (8.51%), Allspring Global Investments Holdings LLC (5.79%), William Blair Investment Management LLC (4.75%), Gabelli Funds LLC (4.08%) and Dimensional Fund Advisors LP (3.99%). Insiders that own company stock include Bruce M Lisman, Frederic Jack Liebau Jr, Lori A Lutey, Michael Mcgaugh, Sarah R Coffin, 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Myers Industries' stock price today?

One share of MYE stock can currently be purchased for approximately $19.42.

How much money does Myers Industries make?

Myers Industries (NYSE:MYE) has a market capitalization of $713.49 million and generates $899.55 million in revenue each year. The industrial products company earns $60.27 million in net income (profit) each year or $1.51 on an earnings per share basis.

How many employees does Myers Industries have?

The company employs 2,500 workers across the globe.

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
How can I contact Myers Industries?

Myers Industries' mailing address is 1293 SOUTH MAIN STREET, AKRON OH, 44301. The official website for the company is www.myersindustries.com. The industrial products company can be reached via phone at (330) 253-5592, via email at mvinay@myersind.com, or via fax at 330-761-6156.

This page (NYSE:MYE) was last updated on 5/29/2023 by MarketBeat.com Staff

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