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NYSE:MYE

Myers Industries (MYE) Stock Price, News & Analysis

$12.61
-0.42 (-3.22%)
(As of 10/22/2024 ET)

About Myers Industries Stock (NYSE:MYE)

Key Stats

Today's Range
$12.57
$13.00
50-Day Range
$12.38
$15.29
52-Week Range
$12.21
$23.63
Volume
175,862 shs
Average Volume
252,409 shs
Market Capitalization
$468.88 million
P/E Ratio
12.01
Dividend Yield
4.28%
Price Target
$22.00
Consensus Rating
Buy

Company Overview

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.

Myers Industries Stock Analysis - MarketRank™

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75th Percentile Overall Score

MYE MarketRank™: 

Myers Industries scored higher than 75% of companies evaluated by MarketBeat, and ranked 74th out of 173 stocks in the industrial products sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Myers Industries has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Myers Industries has only been the subject of 1 research reports in the past 90 days.

  • Read more about Myers Industries' stock forecast and price target.
  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Myers Industries is 12.01, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 132.48.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Myers Industries is 12.01, which means that it is trading at a less expensive P/E ratio than the Industrial Products sector average P/E ratio of about 20.70.

  • Price to Book Value per Share Ratio

    Myers Industries has a P/B Ratio of 1.59. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Read more about Myers Industries' valuation and earnings.
  • Percentage of Shares Shorted

    1.94% of the outstanding shares of Myers Industries have been sold short.
  • Short Interest Ratio / Days to Cover

    Myers Industries has a short interest ratio ("days to cover") of 3.4, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Myers Industries has recently decreased by 18.60%, indicating that investor sentiment is improving significantly.
  • Dividend Leadership

    Myers Industries is a leading dividend payer. It pays a dividend yield of 4.07%, putting its dividend yield in the top 25% of dividend-paying stocks.

  • Dividend Growth

    Myers Industries does not have a long track record of dividend growth.

  • Dividend Coverage

    The dividend payout ratio of Myers Industries is 50.94%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Read more about Myers Industries' dividend.
  • Percentage of Shares Shorted

    1.94% of the outstanding shares of Myers Industries have been sold short.
  • Short Interest Ratio / Days to Cover

    Myers Industries has a short interest ratio ("days to cover") of 3.4, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Myers Industries has recently decreased by 18.60%, indicating that investor sentiment is improving significantly.
  • News Coverage This Week

    MarketBeat has tracked 1 news article for Myers Industries this week, compared to 3 articles on an average week.
  • Search Interest

    1 people have searched for MYE on MarketBeat in the last 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Myers Industries insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    Only 1.40% of the stock of Myers Industries is held by insiders.

  • Percentage Held by Institutions

    90.82% of the stock of Myers Industries is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Myers Industries' insider trading history.
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MYE Stock News Headlines

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MYE Stock Analysis - Frequently Asked Questions

Myers Industries' stock was trading at $19.55 at the beginning of the year. Since then, MYE stock has decreased by 35.5% and is now trading at $12.61.
View the best growth stocks for 2024 here
.

Myers Industries, Inc. (NYSE:MYE) announced its earnings results on Thursday, August, 1st. The industrial products company reported $0.39 earnings per share for the quarter, topping analysts' consensus estimates of $0.31 by $0.08. The industrial products company earned $220.24 million during the quarter. Myers Industries had a net margin of 4.79% and a trailing twelve-month return on equity of 16.27%.

Myers Industries subsidiaries include these companies: Elkhart Plastics Inc., Tuffy Manufacturing Industries Inc., Akro-Mils, Ameri-Kart Corp., Ameri-Kart (MI) Corp., Buckhorn Canada, Buckhorn Inc., and more.

Myers Industries' top institutional shareholders include Allspring Global Investments Holdings LLC (5.63%), Inspire Investing LLC (0.08%), Exchange Traded Concepts LLC (0.06%) and SG Americas Securities LLC (0.06%). Insiders that own company stock include Michael Mcgaugh, William A Foley, Frederic Jack Liebau Jr, Yvette Dapremont Bright, Lori A Lutey and Bruce M Lisman.
View institutional ownership trends
.

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.
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Based on aggregate information from My MarketBeat watchlists, some other companies that Myers Industries investors own include NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), JPMorgan Chase & Co. (JPM), Exxon Mobil (XOM), Broadcom (AVGO) and Netflix (NFLX).

Company Calendar

Last Earnings
8/01/2024
Ex-Dividend for 10/3 Dividend
9/13/2024
Dividend Payable
10/03/2024
Today
10/22/2024
Next Earnings (Confirmed)
11/04/2024
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
$22.00
High Stock Price Target
$22.00
Low Stock Price Target
$22.00
Potential Upside/Downside
+71.3%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$48.87 million
Pretax Margin
6.61%

Debt

Sales & Book Value

Annual Sales
$816.21 million
Cash Flow
$2.10 per share
Book Value
$7.95 per share

Miscellaneous

Free Float
36,701,000
Market Cap
$477.43 million
Optionable
Optionable
Beta
1.21

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This page (NYSE:MYE) was last updated on 10/22/2024 by MarketBeat.com Staff
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