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DOW   33,433.35
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66,000% upside on tiny biotech? (Ad)
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66,000% upside on tiny biotech? (Ad)
Fed's Powell gets an earful about inflation and interest rates from small businesses
Sam Bankman-Fried must now convince a jury that the former crypto king was not a crook
S&P 500   4,288.39
DOW   33,433.35
QQQ   361.26
Nvidia Stock, Christmas Comes Early If You’re On the Fence
66,000% upside on tiny biotech? (Ad)
Ride the Waves of Wealth With This Oil Tanker 17% Yield
Here’s Why Cloudflare may be the Ultimate Cloud Stock to Own
66,000% upside on tiny biotech? (Ad)
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2 Seasonal Stocks to Warm Up Your Portfolio
66,000% upside on tiny biotech? (Ad)
Fed's Powell gets an earful about inflation and interest rates from small businesses
Sam Bankman-Fried must now convince a jury that the former crypto king was not a crook
S&P 500   4,288.39
DOW   33,433.35
QQQ   361.26
Nvidia Stock, Christmas Comes Early If You’re On the Fence
66,000% upside on tiny biotech? (Ad)
Ride the Waves of Wealth With This Oil Tanker 17% Yield
Here’s Why Cloudflare may be the Ultimate Cloud Stock to Own
66,000% upside on tiny biotech? (Ad)
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2 Seasonal Stocks to Warm Up Your Portfolio
66,000% upside on tiny biotech? (Ad)
Fed's Powell gets an earful about inflation and interest rates from small businesses
Sam Bankman-Fried must now convince a jury that the former crypto king was not a crook
NYSE:MYE

Myers Industries (MYE) Stock Forecast, Price & News

$17.99
+0.06 (+0.33%)
(As of 10/2/2023 ET)
Compare
Today's Range
$17.64
$18.00
50-Day Range
$17.32
$20.20
52-Week Range
$16.08
$26.49
Volume
144,215 shs
Average Volume
144,172 shs
Market Capitalization
$662.21 million
P/E Ratio
13.13
Dividend Yield
3.00%
Price Target
$23.75

Myers Industries MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
32.0% Upside
$23.75 Price Target
Short Interest
Healthy
0.98% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
-0.40mentions of Myers Industries in the last 14 days
Based on 4 Articles This Week
Insider Trading
Acquiring Shares
$64,865 Bought Last Quarter
Proj. Earnings Growth
15.48%
From $1.55 to $1.79 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.77 out of 5 stars

Industrial Products Sector

30th out of 179 stocks

Plastics Products, Not Elsewhere Classified Industry

1st out of 10 stocks


MYE stock logo

About Myers Industries (NYSE:MYE) Stock

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, and Trilogy Plastics 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. The company was founded in 1933 and is headquartered in Akron, Ohio.

MYE Price History

MYE Stock News Headlines

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Myers Industries Announces Second Quarter 2023 Results
What Wall Street expects from Myers Industries's earnings
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See More Headlines
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MYE Company Calendar

Ex-Dividend for 7/5 Dividend
6/15/2023
Dividend Payable
7/05/2023
Last Earnings
8/03/2023
Ex-Dividend for 10/4 Dividend
9/12/2023
Today
10/02/2023
Dividend Payable
10/04/2023
Next Earnings (Estimated)
10/26/2023
Fiscal Year End
12/31/2023

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 Forecast
$23.75
High Stock Price Forecast
$23.75
Low Stock Price Forecast
$23.75
Forecasted Upside/Downside
+32.0%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
1 Analysts

Profitability

Net Income
$60.27 million
Pretax Margin
7.54%

Debt

Sales & Book Value

Annual Sales
$899.55 million
Cash Flow
$2.29 per share
Book Value
$7.03 per share

Miscellaneous

Free Float
36,405,000
Market Cap
$662.21 million
Optionable
Optionable
Beta
1.39

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Key Executives

  • Mr. Michael P. McGaughMr. Michael P. McGaugh (Age 49)
    Pres, CEO & Director
    Comp: $1.79M
  • Mr. James H. Gurnee (Age 65)
    VP of Sales, Marketing, Commercial Excellence & Distribution Segment
    Comp: $608.49k
  • Mr. Jeffrey Jon Baker (Age 60)
    VP of Shared Services
    Comp: $726.73k
  • Mr. Grant E. Fitz (Age 61)
    Exec. VP & CFO
  • Mr. Kevin M. McElgunn
    Sr. Director of Strategy & Corp. Devel.
  • Ms. Lorelei Evans
    VP of HR
  • Mr. Daniel W. Hoehn (Age 44)
    VP & Corp. Controller
  • Ms. Sue A. Rilley
    Sr. Corp. Counsel & Sec.
  • Ms. Flavia Pachi
    VP of Financial Planning & Analysis and Treasurer













MYE Stock - Frequently Asked Questions

Should I buy or sell Myers Industries stock right now?

1 Wall Street 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 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 Wall Street analysts have issued 12 month price targets for Myers Industries' shares. Their MYE share price forecasts range from $23.75 to $23.75. On average, they predict the company's stock price to reach $23.75 in the next twelve months. This suggests a possible upside of 32.0% 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 stock has decreased by 19.1% and is now trading at $17.99.
View the best growth stocks for 2023 here
.

Are investors shorting Myers Industries?

Myers Industries saw a decline in short interest in the month of August. As of August 31st, there was short interest totaling 327,600 shares, a decline of 25.0% from the August 15th total of 436,800 shares. Based on an average trading volume of 115,800 shares, the short-interest ratio is currently 2.8 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 Thursday, October 26th 2023.
View our MYE earnings forecast
.

How were Myers Industries' earnings last quarter?

Myers Industries, Inc. (NYSE:MYE) announced its earnings results on Thursday, August, 3rd. The industrial products company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by $0.04. The industrial products company earned $208.45 million during the quarter, compared to analyst estimates of $222.80 million. Myers Industries had a net margin of 5.86% and a trailing twelve-month return on equity of 20.65%.

How often does Myers Industries pay dividends? What is the dividend yield for Myers Industries?

Myers Industries declared a quarterly dividend on Friday, September 1st. Stockholders of record on Wednesday, September 13th will be given a dividend of $0.135 per share on Wednesday, October 4th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 3.00%. The ex-dividend date is Tuesday, September 12th.
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).Invesco S&P SmallCap High Dividend Low Volatility ETF (XSHD).

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 3.01%. The dividend payout ratio is 39.42%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MYE will have a dividend payout ratio of 30.17% 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, August, 3rd. The company provided earnings per share guidance of $1.55-$1.85 for the period, compared to the consensus EPS estimate of $1.66. 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."

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 $17.99.

How much money does Myers Industries make?

Myers Industries (NYSE:MYE) has a market capitalization of $662.21 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 $1.37 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 10/3/2023 by MarketBeat.com Staff

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