NYSE:MYEMyers Industries Stock Price, Forecast & News

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 shares have increased by 31.2% and is now trading at $16.75.
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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 quarterly earnings data on Thursday, July, 30th. The industrial products company reported $0.23 earnings per share (EPS) 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 return on equity of 15.04% and a net margin of 7.46%.
View Myers Industries' earnings history.

Myers Industries declared a quarterly dividend on Tuesday, August 4th. Stockholders of record on Wednesday, September 2nd will be paid a dividend of $0.135 per share on Friday, October 2nd. This represents a $0.54 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date of this dividend is Tuesday, September 1st.
View Myers Industries' dividend history.

3 analysts have issued 12-month price targets for Myers Industries' stock. Their forecasts range from $12.00 to $22.00. On average, they anticipate Myers Industries' share price to reach $16.00 in the next twelve months. This suggests that the stock has a possible downside of 4.5%.
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News articles about MYE stock have been trending negative on Thursday, according to InfoTrie Sentiment Analysis. The research group identifies positive and negative news coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Myers Industries earned a coverage optimism score of -2.4 on InfoTrie's scale. They also gave news stories about the industrial products company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the company's share price in the immediate future.
View the latest news about Myers Industries.

Myers Industries saw a increase in short interest in June. As of June 30th, there was short interest totaling 902,500 shares, an increase of 53.6% from the June 15th total of 587,500 shares. Based on an average trading volume of 185,300 shares, the days-to-cover ratio is currently 4.9 days. Currently, 2.6% of the company's shares are sold short.
View Myers Industries' Short Interest.

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), Chesapeake Energy (CHKAQ), Chesapeake Energy (CHKAQ), Exxon Mobil (XOM), JPMorgan Chase & Co. (JPM), NVIDIA (NVDA), Pfizer (PFE), Verizon Communications (VZ) and Advanced Micro Devices (AMD).

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

Myers Industries' stock is owned by many different institutional and retail investors. Top institutional investors include Gamco Investors INC. ET AL (9.84%), Gabelli Funds LLC (5.03%), Teton Advisors Inc. (2.61%), Bank of New York Mellon Corp (1.46%), Federated Hermes Inc. (1.13%) and Principal Financial Group Inc. (0.77%). Company insiders that own Myers Industries stock include Bruce M Lisman, Michael P Mcgaugh and Ronald M Defeo.
View institutional ownership trends for Myers Industries.

MYE stock was sold by a variety of institutional investors in the last quarter, including Gamco Investors INC. ET AL, UBS Group AG, Goldman Sachs Group Inc., Assenagon Asset Management S.A., Teton Advisors Inc., Federated Hermes Inc., State of Tennessee Treasury Department, and Stone Ridge Asset Management LLC.
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MYE stock was purchased by a variety of institutional investors in the last quarter, including Seizert Capital Partners LLC, WINTON GROUP Ltd, Bank of New York Mellon Corp, California Public Employees Retirement System, SG Americas Securities LLC, Russell Investments Group Ltd., First Trust Advisors LP, and Swiss National Bank. 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 $16.75.

Myers Industries has a market capitalization of $599.57 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]