Myers Industries - MYE Stock Forecast, Price & News

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

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.

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.

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.

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 -.

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."

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.
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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 $21.80.

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.

The company employs 2,725 workers across the globe.

Myers Industries was founded in 1933.

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.