NYSE:MYE

Myers Industries Stock Forecast, Price & News

$21.46
+0.13 (+0.61 %)
(As of 07/29/2021 12:00 AM ET)
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Today's Range
$21.39
$21.63
50-Day Range
$20.25
$22.03
52-Week Range
$12.75
$23.98
Volume61,549 shs
Average Volume141,546 shs
Market Capitalization$774.41 million
P/E Ratio28.61
Dividend Yield2.53%
Beta1.47
30 days | 90 days | 365 days | Advanced Chart
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Myers Industries logo

About Myers Industries

Myers Industries, Inc. manufactures and sells polymer products for industrial, agricultural, automotive, commercial, and consumer markets in the United States and internationally. It operates through two segments, Material Handling and Distribution. The Material Handling segment designs, manufactures, and markets various plastic and metal products, including plastic reusable material handling containers and small parts storage bins, plastic recreational vehicle tanks and parts, marine tanks and parts, portable plastic fuel tanks and water containers, portable marine fuel containers, ammunition containers, storage totes, bulk shipping containers, and metal carts and cabinets. It serves industrial manufacturing, food processing, retail/wholesale products distribution, agriculture, automotive, recreational vehicles, marine vehicles, healthcare, appliance, bakery, electronics, textiles, consumer, and other markets under the Buckhorn, Akro-Mils, Jamco, Ameri-Kart, and Scepter 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 retreaders, and government agencies. The company was founded in 1933 and is headquartered in Akron, Ohio.

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MarketRank

Overall MarketRank

2.39 out of 5 stars

Industrial Products Sector

30th out of 427 stocks

Plastics Products, Not Elsewhere Classified Industry

2nd out of 19 stocks

Analyst Opinion: 2.5Community Rank: 2.8Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 2.5 5 -4 -3 -2 -1 -
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Myers Industries (NYSE:MYE) Frequently Asked Questions

Is Myers Industries a buy 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 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" Myers Industries stock.
View analyst ratings for Myers Industries
or view top-rated stocks.

What stocks does MarketBeat like better than Myers Industries?

Wall Street analysts have given Myers Industries a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Myers Industries wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Myers Industries?

Myers Industries saw a decrease in short interest during the month of June. As of June 30th, there was short interest totaling 333,000 shares, a decrease of 27.8% from the June 15th total of 461,200 shares. Based on an average trading volume of 119,300 shares, the days-to-cover ratio is currently 2.8 days. Currently, 0.9% of the company's shares are short sold.
View Myers Industries' Short Interest
.

When is Myers Industries' next earnings date?

Myers Industries is scheduled to release its next quarterly earnings announcement on Thursday, August 5th 2021.
View our earnings forecast for Myers Industries
.

How can I listen to Myers Industries' earnings call?

Myers Industries will be holding an earnings conference call on Thursday, August 5th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Myers Industries' earnings last quarter?

Myers Industries, Inc. (NYSE:MYE) released its quarterly earnings data on Thursday, May, 6th. The industrial products company reported $0.22 EPS for the quarter, beating analysts' consensus estimates of $0.18 by $0.04. The industrial products company earned $174.40 million during the quarter, compared to the consensus estimate of $160.60 million. Myers Industries had a trailing twelve-month return on equity of 16.31% and a net margin of 4.86%. The company's revenue was up 42.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.22 EPS.
View Myers Industries' earnings history
.

How has Myers Industries' stock been impacted by COVID-19?

Myers Industries' stock was trading at $12.77 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, MYE stock has increased by 68.1% and is now trading at $21.46.
View which stocks have been most impacted by COVID-19
.

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

Myers Industries declared a quarterly dividend on Monday, June 7th. Investors of record on Friday, June 18th will be paid a dividend of $0.135 per share on Friday, July 2nd. This represents a $0.54 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date is Thursday, June 17th.
View Myers Industries' dividend history
.

Is Myers Industries a good dividend stock?

Myers Industries pays an annual dividend of $0.54 per share and currently has a dividend yield of 2.53%. Myers Industries does not yet have a strong track record of dividend growth. The dividend payout ratio of Myers Industries is 63.53%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Myers Industries will have a dividend payout ratio of 45.00% next year. This indicates that Myers Industries will be able to sustain or increase its dividend.
View Myers Industries' dividend history.

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

Myers Industries issued an update on its FY 2021 earnings guidance on Thursday, May, 27th. The company provided EPS guidance of 0.900-1.050 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.960. The company issued revenue guidance of -.

What price target have analysts set for MYE?

1 equities research analysts have issued 12 month target prices for Myers Industries' stock. Their forecasts range from $25.00 to $25.00. On average, they anticipate Myers Industries' stock price to reach $25.00 in the next year. This suggests a possible upside of 16.5% from the stock's current price.
View analysts' price targets for Myers Industries
or view top-rated stocks among Wall Street analysts.

Who are Myers Industries' key executives?

Myers Industries' management team includes the following people:
  • Mr. Michael P. McGaugh, Pres, CEO & Director (Age 47, Pay $935.31k)
  • Ms. Andrean Renee Horton Esq., Exec. VP, Chief Legal Officer & Sec. (Age 47, Pay $658.71k)
  • Mr. Thomas P. Harmon, Sr. VP of HR (Age 60, Pay $317.72k)
  • Mr. Daniel W. Hoehn, VP & Corp. Controller (Age 42, Pay $351.31k)
  • Ms. Sonal P. Robinson, Exec. VP & CFO (Age 52)
  • Ms. Monica Vinay, VP of Investor Relations & Treasurer
  • Mr. James Gurnee, VP of Sales & Commercial Excellence
  • Mr. Michael Valentino, Group Pres of Material Handling
  • David Basque, Pres of Buckhorn & VP of Integration

Who are some of Myers Industries' key competitors?

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), The 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 State of Alaska Department of Revenue (0.07%). Company insiders that own Myers Industries stock include Bruce M Lisman, Lori A Lutey, Michael Mcgaugh, Michael P Mcgaugh, Ronald M Defeo, Sarah R Coffin and William A Foley.
View institutional ownership trends for Myers Industries
.

Which institutional investors are buying Myers Industries stock?

MYE stock was acquired by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue. Company insiders that have bought Myers Industries stock in the last two years include Bruce M Lisman, Lori A Lutey, Michael Mcgaugh, Michael P Mcgaugh, Ronald M Defeo, Sarah R Coffin, and William A Foley.
View insider buying and selling activity for Myers Industries
or or view top insider-buying stocks.

How do I buy shares of 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 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 $21.46.

How much money does Myers Industries make?

Myers Industries has a market capitalization of $774.41 million and generates $510.37 million in revenue each year. The industrial products company earns $36.77 million in net income (profit) each year or $0.85 on an earnings per share basis.

How many employees does Myers Industries have?

Myers Industries employs 2,400 workers across the globe.

When was Myers Industries founded?

Myers Industries was founded in 1933.

What is Myers Industries' official website?

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

Where are Myers Industries' headquarters?

Myers Industries is headquartered at 1293 SOUTH MAIN STREET, AKRON OH, 44301.

How can I contact Myers Industries?

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]


This page was last updated on 7/30/2021 by MarketBeat.com Staff
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