NYSE:MYE Myers Industries (MYE) Stock Forecast, Price & News $19.42 +0.04 (+0.21%) (As of 05/26/2023 07:00 PM ET) Add Compare Share Share Today's Range$19.32▼$19.5250-Day Range$18.41▼$21.4352-Week Range$16.08▼$26.49Volume53,700 shsAverage Volume151,554 shsMarket Capitalization$713.49 millionP/E Ratio12.86Dividend Yield2.78%Price Target$26.13 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Myers Industries MarketRank™ ForecastAnalyst RatingHold2.00 Rating ScoreUpside/Downside34.5% Upside$26.13 Price TargetShort InterestHealthy0.74% of Shares Sold ShortDividend StrengthModerateBased on Four FactorsSustainabilityN/ANews SentimentN/AInsider TradingAcquiring Shares$51,815 Bought Last QuarterProj. Earnings Growth9.94%From $1.71 to $1.88 Per ShareSee Full Details Hide Full Details 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 starsIndustrial Products Sector5th out of 178 stocksPlastics Products, Not Elsewhere Classified Industry1st out of 11 stocks 3.0 Analyst's Opinion Consensus RatingMyers Industries has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $26.13, Myers Industries has a forecasted upside of 34.5% from its current price of $19.42.Amount of Analyst CoverageMyers Industries has only been the subject of 1 research reports in the past 90 days. Previous Next 5.0 Short Interest Percentage of Shares Shorted0.74% of the outstanding shares of Myers Industries have been sold short.Short Interest Ratio / Days to CoverMyers Industries has a short interest ratio ("days to cover") of 1.6, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Myers Industries has recently decreased by 26.68%, indicating that investor sentiment is improving significantly. Previous Next 2.5 Dividend Strength Dividend YieldMyers Industries pays a meaningful dividend of 2.78%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthMyers Industries does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Myers Industries is 35.76%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Myers Industries will have a dividend payout ratio of 28.72% next year. This indicates that Myers Industries will be able to sustain or increase its dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for MYE. Previous Next 2.8 News and Social Media Coverage News SentimentMyers Industries has a news sentiment score of 1.00. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.70 average news sentiment score of Industrial Products companies.News Coverage This WeekMarketBeat has tracked 1 news article for Myers Industries this week, compared to 3 articles on an average week.Search Interest15 people have searched for MYE on MarketBeat in the last 30 days. This is an increase of 88% compared to the previous 30 days. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Myers Industries insiders have bought more of their company's stock than they have sold. Specifically, they have bought $51,815.00 in company stock and sold $0.00 in company stock.Percentage Held by InsidersOnly 1.10% of the stock of Myers Industries is held by insiders.Percentage Held by Institutions90.00% of the stock of Myers Industries is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for Myers Industries are expected to grow by 9.94% in the coming year, from $1.71 to $1.88 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Myers Industries is 12.86, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 132.67.Price to Earnings Ratio vs. SectorThe P/E ratio of Myers Industries is 12.86, which means that it is trading at a less expensive P/E ratio than the Industrial Products sector average P/E ratio of about 16.38.Price to Book Value per Share RatioMyers Industries has a P/B Ratio of 2.76. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Myers Industries (NYSE:MYE) StockMyers 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.Read More Receive MYE Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Myers Industries and its competitors with MarketBeat's FREE daily newsletter. Email Address MYE Stock News HeadlinesMay 20, 2023 | finance.yahoo.comWe Think Myers Industries (NYSE:MYE) Might Have The DNA Of A Multi-BaggerMay 17, 2023 | msn.comMyers Industries Deserves Upside Despite Recent WeaknessMay 29, 2023 | Behind the Markets (Ad)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...May 10, 2023 | marketwatch.com2030, Landscaping Products Market: Trend & OutlookMay 10, 2023 | americanbankingnews.comMyers Industries, Inc. to Post Q3 2023 Earnings of $0.48 Per Share, KeyCorp Forecasts (NYSE:MYE)May 5, 2023 | marketwatch.comDunnage Packaging Market Forecast Report 2023-2030May 4, 2023 | seekingalpha.comMyers Industries, Inc. 2023 Q1 - Results - Earnings Call PresentationMay 4, 2023 | seekingalpha.comMyers Industries, Inc. 2023 Q1 - Results - Earnings Call PresentationMay 29, 2023 | Legacy Research (Affiliate) (Ad)Final stage before digital moneyOur 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.May 4, 2023 | marketwatch.comKLT BOX Market Size 2023-2031 Industrial Regions by Absolute Reports | with [101 Pages]May 4, 2023 | marketwatch.comPlastic Bins Market Forecast : Trends and Insights till 2031May 4, 2023 | finance.yahoo.comMyers Industries Announces First Quarter 2023 ResultsMay 3, 2023 | marketwatch.comPlastic Crates Market Size and Forecast to 2031May 3, 2023 | marketwatch.comDunnage Packaging Market Growth and Sales Report 2023May 3, 2023 | americanbankingnews.comMyers Industries (MYE) Scheduled to Post Earnings on ThursdayApril 28, 2023 | marketwatch.comTotes and Bins in Warehouses Market Research Analysis 2023-2031April 28, 2023 | marketwatch.comReusable Plastic Containers (RPCs) Market Recent Developments and Updates By 2030April 27, 2023 | marketwatch.com2023 Totes and Bins in Warehouses Market Size and Countries with [112 Pages] till 2030 | Report by Absolute ReportApril 26, 2023 | marketwatch.comPlastic Rigid Pallet Tank Market Research Analysis 2023-2031April 25, 2023 | seekingalpha.comMYE Myers Industries, Inc.April 20, 2023 | finance.yahoo.comMyers Industries Announces Reporting Date and Conference Call for 2023 First Quarter ResultsApril 20, 2023 | marketwatch.comGlobal "Reusable Packaging Market" Growth and Outlook till 2023-2030April 18, 2023 | finance.yahoo.comThose who invested in Myers Industries (NYSE:MYE) three years ago are up 110%April 8, 2023 | marketwatch.comPallet Boxes Market Complete Overview till 2030April 6, 2023 | marketwatch.comRigid IBC Tank Market | Progresses for Huge Profits During 2023-2030April 4, 2023 | bizjournals.comMyers Industries hires Grant Fitz as CFOApril 3, 2023 | finance.yahoo.comMyers Industries Appoints Grant E. Fitz as Chief Financial OfficerSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive MYE Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Myers Industries and its competitors with MarketBeat's FREE daily newsletter. Email Address MYE Company Calendar Last Earnings3/01/2023Ex-Dividend for 4/4 Dividend3/15/2023Dividend Payable4/04/2023Today5/29/2023Next Earnings (Estimated)8/01/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Plastics products, not elsewhere classified Sub-IndustryMetal & Glass Containers SectorIndustrial Products Current SymbolNYSE:MYE CUSIP62846410 CIK69488 Webwww.myersindustries.com Phone(330) 253-5592Fax330-761-6156Employees2,500Year Founded1933Price 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 RatingHold Rating Score (0-4)2.00 Research Coverage1 Analysts Profitability EPS (Most Recent Fiscal Year)$1.51 Trailing P/E Ratio12.86 Forward P/E Ratio11.36 P/E GrowthN/ANet Income$60.27 million Net Margins6.28% Pretax Margin8.12% Return on Equity22.87% Return on Assets10.42% Debt Debt-to-Equity Ratio0.27 Current Ratio1.52 Quick Ratio0.94 Sales & Book Value Annual Sales$899.55 million Price / Sales0.79 Cash Flow$2.28 per share Price / Cash Flow8.51 Book Value$7.03 per share Price / Book2.76Miscellaneous Outstanding Shares36,740,000Free Float36,338,000Market Cap$713.49 million OptionableOptionable Beta1.41 Social Links Key ExecutivesMike McGaughPresident, Chief Executive Officer & DirectorGrant Edward FitzChief Financial Officer & Executive Vice PresidentDaniel W. HoehnVice President & ControllerMike ValentinoGroup President-DistributionPaul JohnsonVice President-Distribution SegmentKey CompetitorsKarat PackagingNASDAQ:KRTScanSourceNASDAQ:SCSCCentury AluminumNASDAQ:CENXTitan InternationalNYSE:TWIPowell IndustriesNASDAQ:POWLView All CompetitorsInsiders & InstitutionsAmeriprise Financial Inc.Bought 29,395 shares on 5/22/2023Ownership: 0.947%JPMorgan Chase & Co.Bought 26,675 shares on 5/18/2023Ownership: 0.352%New York State Common Retirement FundSold 3,637 shares on 5/18/2023Ownership: 0.060%Thrivent Financial for LutheransSold 3,242 shares on 5/17/2023Ownership: 0.125%Arrowstreet Capital Limited PartnershipBought 3,110 shares on 5/16/2023Ownership: 0.117%View All Insider TransactionsView All Institutional Transactions 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. What ETFs hold Myers Industries' stock? 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). 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 Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Myers Industries, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. 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