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NYSE:MYE

Myers Industries - MYE Stock Forecast, Price & News

$21.76
+0.34 (+1.59%)
(As of 08/12/2022 12:00 AM ET)
Add
Compare
Today's Range
$21.40
$21.90
50-Day Range
$20.77
$25.34
52-Week Range
$15.82
$25.55
Volume
85,611 shs
Average Volume
129,497 shs
Market Capitalization
$793.54 million
P/E Ratio
16.48
Dividend Yield
2.52%
Price Target
$27.75

Myers Industries MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
27.5% Upside
$27.75 Price Target
Short Interest
Bearish
2.03% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.00mentions of Myers Industries in the last 14 days
Based on 11 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
18.75%
From $1.60 to $1.90 Per Share

Overall MarketRank

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

2.79 out of 5 stars

Industrial Products Sector

27th out of 187 stocks

Plastics Products, Not Elsewhere Classified Industry

2nd out of 12 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 The Material Handling and Distribution segments. The Material Handling segment offers pallets, small parts bins, bulk shipping containers, OEM parts, storage, organization, and custom plastic products; 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, as well as through distributors. The Distribution segment engages in the distribution of tools, equipment, and supplies for tire, wheel, and undervehicle 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. 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.

Wall Street Analyst Weigh In

MYE has been the subject of several recent analyst reports. Cowen raised their price objective on shares of Myers Industries to $28.50 in a research report on Tuesday. StockNews.com cut shares of Myers Industries from a "strong-buy" rating to a "buy" rating in a research note on Friday.

Myers Industries Trading Up 1.6 %

NYSE:MYE traded up $0.34 on Friday, reaching $21.76. The company's stock had a trading volume of 85,611 shares, compared to its average volume of 129,497. Myers Industries has a 12-month low of $15.82 and a 12-month high of $25.55. The stock has a 50 day moving average price of $22.73 and a 200 day moving average price of $21.01. The firm has a market cap of $793.54 million, a price-to-earnings ratio of 16.21 and a beta of 1.33. The company has a quick ratio of 1.04, a current ratio of 1.72 and a debt-to-equity ratio of 0.48.

Myers Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 5th. Shareholders of record on Friday, June 17th were given a $0.135 dividend. The ex-dividend date was Thursday, June 16th. This represents a $0.54 dividend on an annualized basis and a yield of 2.48%. Myers Industries's payout ratio is currently 40.91%.

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MYE Stock News Headlines

Myers Industries (NYSE:MYE) Cut to Buy at StockNews.com
Myers Industries Launches Inaugural ESG Report
Myers (MYE) Tops Q2 Earnings and Revenue Estimates
Myers Industries Q2 Profit Spikes, Lifts FY22 Adj. Earnings Outlook
Myers Industries Reports 2022 Second Quarter Results
Myers Industries: Fairly Valued Right Now
Finding Winning Stocks Amidst Market Volatility
See More Headlines
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MYE Company Calendar

Last Earnings
11/04/2021
Ex-Dividend for 7/5 Dividend
6/16/2022
Dividend Payable
7/05/2022
Today
8/12/2022
Next Earnings (Estimated)
11/03/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Plastics products, not elsewhere classified
Sub-Industry
Metal & Glass Containers
CUSIP
62846410
Employees
2,725
Year Founded
1933

Price Target and Rating

Average Stock Price Forecast
$27.75
High Stock Price Forecast
$28.50
Low Stock Price Forecast
$27.00
Forecasted Upside/Downside
+27.5%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$33.54 million
Pretax Margin
7.58%

Debt

Sales & Book Value

Annual Sales
$761.43 million
Cash Flow
$1.61 per share
Book Value
$6.51 per share

Miscellaneous

Free Float
36,114,000
Market Cap
$793.54 million
Optionable
Optionable
Beta
1.33

Social Links


Key Executives

  • Mr. Michael P. McGaugh (Age 48)
    Pres, CEO & Director
    Comp: $1.27M
  • Mr. Daniel W. Hoehn (Age 43)
    VP & Corp. Controller
    Comp: $384.74k
  • Ms. Monica Vinay
    VP of Investor Relations, Treasurer & Interim CFO
  • Mr. James H. Gurnee (Age 64)
    VP of Sales, Marketing & Commercial Excellence
  • Mr. Kevin M. McElgunn
    Sr. Director of Strategy & Corp. Devel.
  • Ms. Lorelei Evans
    VP of HR
  • Mr. Michael Valentino
    Group Pres of Material Handling
  • David Basque
    Pres of Buckhorn & VP of Integration
  • Ms. Sue A. Rilley
    Sr. Corp. Counsel & Sec.













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 twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" MYE shares.
View MYE analyst ratings
or view top-rated stocks.

What is Myers Industries' stock price forecast for 2022?

1 brokers have issued 12-month target prices for Myers Industries' shares. Their MYE share price forecasts range from $27.00 to $28.50. On average, they expect the company's stock price to reach $27.75 in the next twelve months. This suggests a possible upside of 27.3% 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 2022?

Myers Industries' stock was trading at $20.01 at the beginning of 2022. Since then, MYE shares have increased by 8.9% and is now trading at $21.80.
View the best growth stocks for 2022 here
.

When is Myers Industries' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our MYE earnings forecast
.

How were Myers Industries' earnings last quarter?

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

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

Myers Industries declared a quarterly dividend on Monday, June 6th. Stockholders 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
.

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 2.57%. 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.

What guidance has Myers Industries issued on next quarter's earnings?

Myers Industries updated its FY 2022 earnings guidance on Tuesday, August, 9th. The company provided earnings per share (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 -.

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 retail and institutional investors. Top institutional investors include Allspring Global Investments Holdings LLC (5.69%), William Blair Investment Management LLC (4.09%), Principal Financial Group Inc. (0.65%), FMR LLC (0.56%), Icon Advisers Inc. Co. (0.49%) and Assenagon Asset Management S.A. (0.41%). 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.
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 $21.80.

How much money does Myers Industries make?

Myers Industries (NYSE:MYE) has a market capitalization of $795.05 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.

How many employees does Myers Industries have?

The company employs 2,725 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

When was Myers Industries founded?

Myers Industries was founded in 1933.

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 8/12/2022 by MarketBeat.com Staff

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