NYSE:MYEMyers Industries Stock Price, Forecast & News

Myers Industries' stock was trading at $12.77 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, MYE shares have increased by 21.7% and is now trading at $15.54.
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3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Myers Industries in the last year. There are currently 2 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold."
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Myers Industries is scheduled to release its next quarterly earnings announcement on Tuesday, November 3rd 2020.
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Myers Industries, Inc. (NYSE:MYE) announced its earnings results on Thursday, July, 30th. The industrial products company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.10. The industrial products company had revenue of $118.39 million for the quarter, compared to analysts' expectations of $107.60 million. Myers Industries had a net margin of 7.46% and a return on equity of 15.04%.
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Myers Industries announced a quarterly dividend on Tuesday, June 2nd. Shareholders of record on Friday, June 12th will be paid a dividend of $0.135 per share on Thursday, July 2nd. This represents a $0.54 annualized dividend and a dividend yield of 3.47%. The ex-dividend date is Thursday, June 11th.
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Myers Industries issued an update on its FY 2020 Pre-Market earnings guidance on Wednesday, May, 6th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $464.128-464.128 million, compared to the consensus revenue estimate of $516.36 million.

3 equities research analysts have issued 12 month price targets for Myers Industries' shares. Their forecasts range from $12.00 to $22.00. On average, they expect Myers Industries' share price to reach $16.00 in the next twelve months. This suggests a possible upside of 3.0% from the stock's current price.
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Media coverage about MYE stock has trended negative on Monday, InfoTrie Sentiment reports. The research firm ranks the sentiment of press coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Myers Industries earned a daily sentiment score of -2.9 on InfoTrie's scale. They also gave news coverage about the industrial products company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the company's share price in the next several days.
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Myers Industries saw a decrease in short interest in the month of July. As of July 15th, there was short interest totaling 719,300 shares, a decrease of 20.3% from the June 30th total of 902,500 shares. Based on an average daily volume of 179,300 shares, the short-interest ratio is currently 4.0 days. Currently, 2.0% of the shares of the company are short sold.
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Some companies that are related to Myers Industries include Ball (BLL), Crown (CCK), AptarGroup (ATR), Berry Global Group (BERY), Silgan (SLGN), Greif (GEF) and Owens-Illinois (OI).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Myers Industries investors own include Frontier Communications (FTR), Wendys (WEN), JPMorgan Chase & Co. (JPM), Exxon Mobil (XOM), NVIDIA (NVDA), Pfizer (PFE), Target (TGT), Verizon Communications (VZ), Advanced Micro Devices (AMD) and Delta Air Lines (DAL).

Myers Industries trades on the New York Stock Exchange (NYSE) under the ticker symbol "MYE."

Myers Industries' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Assenagon Asset Management S.A. (0.58%), Wedge Capital Management L L P NC (0.27%), New York State Teachers Retirement System (0.22%), First Trust Advisors LP (0.20%), Comerica Bank (0.10%) and Strs Ohio (0.10%). Company insiders that own Myers Industries stock include Bruce M Lisman, Michael P Mcgaugh and Ronald M Defeo.
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MYE stock was sold by a variety of institutional investors in the last quarter, including UBS Group AG, Assenagon Asset Management S.A., Stone Ridge Asset Management LLC, and Strs Ohio.
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MYE stock was purchased by a variety of institutional investors in the last quarter, including SG Americas Securities LLC, First Trust Advisors LP, New York State Teachers Retirement System, Comerica Bank, Zurcher Kantonalbank Zurich Cantonalbank , and Wedge Capital Management L L P NC. Company insiders that have bought Myers Industries stock in the last two years include Bruce M Lisman, Michael P Mcgaugh, and Ronald M Defeo.
View insider buying and selling activity for Myers Industries.

Shares of MYE can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of MYE stock can currently be purchased for approximately $15.54.

Myers Industries has a market capitalization of $556.18 million and generates $515.70 million in revenue each year. The industrial products company earns $24.33 million in net income (profit) each year or $0.78 on an earnings per share basis. Myers Industries employs 1,640 workers across the globe.

The official website for Myers Industries is www.myersindustries.com.

Myers Industries' mailing address is 1293 SOUTH MAIN STREET, AKRON OH, 44301. The industrial products company can be reached via phone at 330-253-5592 or via email at [email protected]