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Myers Industries (MYE) Stock Price, News & Analysis

$14.52
-0.09 (-0.62%)
(As of 04:32 PM ET)
Today's Range
$14.32
$14.61
50-Day Range
$12.54
$17.04
52-Week Range
$12.47
$23.63
Volume
186,804 shs
Average Volume
274,770 shs
Market Capitalization
$539.85 million
P/E Ratio
13.70
Dividend Yield
3.72%
Price Target
$30.00

Myers Industries MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
106.6% Upside
$30.00 Price Target
Short Interest
Healthy
1.86% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
1.67mentions of Myers Industries in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
N/A

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.62 out of 5 stars

Industrial Products Sector

84th out of 166 stocks

Plastics Products, Not Elsewhere Classified Industry

6th out of 9 stocks

MYE stock logo

About Myers Industries Stock (NYSE:MYE)

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.

MYE Stock Price History

MYE Stock News Headlines

China Stockpiling Gold “Like No Tomorrow”
For 18 consecutive months, China’s central bank has increased its gold reserve. The country, with a population of over 1.4 BILLION is “buying gold like there’s no tomorrow,” according to The New York Times. China, a rising global economic threat, aims to reduce its dependence on the US dollar… .
Q1 2024 Myers Industries Inc Earnings Call
China Stockpiling Gold “Like No Tomorrow”
For 18 consecutive months, China’s central bank has increased its gold reserve. The country, with a population of over 1.4 BILLION is “buying gold like there’s no tomorrow,” according to The New York Times. China, a rising global economic threat, aims to reduce its dependence on the US dollar… .
Myers: Q1 Earnings Snapshot
Myers Industries Q1 Profit Down; Provides Tepid Outlook - Update
See More Headlines
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Company Calendar

Last Earnings
5/07/2024
Ex-Dividend for 7/5 Dividend
6/18/2024
Dividend Payable
7/05/2024
Today
7/19/2024
Next Earnings (Confirmed)
8/01/2024
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
$30.00
High Stock Price Target
$30.00
Low Stock Price Target
$30.00
Potential Upside/Downside
+106.6%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$48.87 million
Pretax Margin
6.66%

Debt

Sales & Book Value

Annual Sales
$813.07 million
Cash Flow
$1.99 per share
Book Value
$7.95 per share

Miscellaneous

Free Float
36,662,000
Market Cap
$539.85 million
Optionable
Optionable
Beta
1.20

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Key Executives

  • Mr. Michael P. McGaughMr. Michael P. McGaugh (Age 50)
    President, CEO & Director
    Comp: $1.5M
  • Mr. Grant E. Fitz (Age 61)
    Executive VP & CFO
    Comp: $1.19M
  • Mr. James H. Gurnee (Age 66)
    Vice President of Sales, Marketing, Commercial Excellence & Distribution Segment
    Comp: $513.09k
  • Mr. Jeffrey Jon Baker (Age 61)
    Senior Vice President of Shared Services
    Comp: $633.18k
  • Ms. Meghan Beringer
    Senior Director of Investor Relations
  • Mr. Kevin M. McElgunn
    VP of Strategy & Corporate Development
  • Ms. Lorelei Evans
    Senior VP of Human Resources
  • Mr. Daniel W. Hoehn (Age 45)
    VP & Corporate Controller
    Comp: $384.74k
  • Ms. Sue A. Rilley
    Senior Corporate Counsel & Secretary
  • Ms. Flavia Pachi
    VP of Financial Planning & Analysis and Treasurer

MYE Stock Analysis - Frequently Asked Questions

How have MYE shares performed this year?

Myers Industries' stock was trading at $19.55 at the beginning of the year. Since then, MYE shares have decreased by 25.7% and is now trading at $14.52.
View the best growth stocks for 2024 here
.

How were Myers Industries' earnings last quarter?

Myers Industries, Inc. (NYSE:MYE) announced its earnings results on Tuesday, May, 7th. The industrial products company reported $0.21 EPS for the quarter. The industrial products company earned $207.10 million during the quarter. Myers Industries had a trailing twelve-month return on equity of 15.99% and a net margin of 4.90%.

Does Myers Industries have any subsidiaries?

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.

Who are Myers Industries' major shareholders?

Top institutional investors of Myers Industries include Assenagon Asset Management S.A. (0.70%). 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
.

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Myers Industries own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Myers Industries investors own include Frontier Communications (FTR), Wendy's (WEN), JPMorgan Chase & Co. (JPM), NVIDIA (NVDA), Pfizer (PFE), Exxon Mobil (XOM) and Advanced Micro Devices (AMD).

This page (NYSE:MYE) was last updated on 7/19/2024 by MarketBeat.com Staff

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