Myers Industries (MYE) Stock Forecast, Price & News

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.

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.
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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.
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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.

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 26th 2023.
View our MYE earnings forecast.

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%.

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.

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).

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.

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 -.

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."

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 $17.99.

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.

The company employs 2,500 workers across the globe.

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.