Myers Industries (MYE) Stock Forecast, Price & News

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.

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.

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.
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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.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 1st 2023.
View our MYE earnings forecast.

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%.

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.

ETFs with the largest weight of Myers Industries (NYSE:MYE) stock in their portfolio include Invesco S&P SmallCap Materials ETF (PSCM), Roundhill Acquirers Deep Value ETF (DEEP), Invesco S&P SmallCap High Dividend Low Volatility ETF (XSHD), Invesco S&P SmallCap 600 Pure Growth ETF (RZG), Invesco S&P SmallCap Momentum ETF (XSMO), Principal US Small-Cap Adaptive Multi-Factor ETF (PLTL), IQ Chaikin U.S. Small Cap ETF (CSML) and WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS).

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.

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 -.

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).

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

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

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.

The company employs 2,500 workers across the globe.

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.