Myers Industries - MYE Stock Forecast, Price & News

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Myers Industries in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" MYE shares.
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1 brokers have issued twelve-month target prices for Myers Industries' stock. Their MYE share price forecasts range from $27.00 to $28.50. On average, they predict the company's stock price to reach $27.75 in the next twelve months. This suggests a possible upside of 27.5% from the stock's current price.
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Myers Industries' stock was trading at $20.01 at the start of the year. Since then, MYE shares have increased by 8.7% and is now trading at $21.76.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our MYE earnings forecast.

Myers Industries, Inc. (NYSE:MYE) posted its quarterly earnings data on Thursday, November, 4th. The industrial products company reported $0.23 EPS for the quarter, missing analysts' consensus estimates of $0.26 by $0.03. The industrial products company earned $200.06 million during the quarter, compared to analysts' expectations of $196.40 million. Myers Industries had a net margin of 5.63% and a trailing twelve-month return on equity of 23.60%. During the same quarter in the previous year, the business posted $0.30 earnings per share.

Myers Industries declared a quarterly dividend on Monday, June 6th. Investors of record on Friday, June 17th will be paid a dividend of $0.135 per share on Tuesday, July 5th. This represents a $0.54 annualized dividend and a yield of 2.48%. The ex-dividend date of this dividend is Thursday, June 16th.
Read our dividend analysis for MYE.

Myers Industries (NYSE:MYE) pays an annual dividend of $0.54 per share and currently has a dividend yield of 2.52%. The dividend payout ratio is 40.91%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MYE will have a dividend payout ratio of 28.42% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MYE.

Myers Industries updated its FY 2022 earnings guidance on Tuesday, August, 9th. The company provided EPS guidance of $1.40-$1.60 for the period, compared to the consensus EPS estimate of $1.51. 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 variety of institutional and retail investors. Top institutional shareholders include Gamco Investors INC. ET AL (8.84%), Allspring Global Investments Holdings LLC (5.69%), William Blair Investment Management LLC (4.09%), Renaissance Technologies LLC (4.02%), Teton Advisors Inc. (2.09%) and Northern Trust Corp (1.83%). Insiders that own company stock include Bruce M Lisman, Frederic Jack Liebau Jr, Lori A Lutey, Michael Mcgaugh, Michael P Mcgaugh, Ronald M Defeo, Sarah R Coffin, William A Foley and William A Foley.
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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 $21.76.

Myers Industries (NYSE:MYE) has a market capitalization of $793.59 million and generates $761.43 million in revenue each year. The industrial products company earns $33.54 million in net income (profit) each year or $1.32 on an earnings per share basis.

The company employs 2,725 workers across the globe.

Myers Industries was founded in 1933.

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.