NYSE:MYE Myers Industries - MYE Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Myers Industries, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. $24.57 +0.05 (+0.20%) (As of 02/7/2023 12:00 AM ET) Add Compare Share Share Today's Range$24.19▼$24.9350-Day Range$22.05▼$24.7552-Week Range$15.82▼$25.55Volume199,849 shsAverage Volume122,079 shsMarket Capitalization$896.81 millionP/E Ratio16.71Dividend Yield2.21%Price Target$28.50 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Myers Industries MarketRank™ ForecastAnalyst RatingN/A0.00 Rating ScoreUpside/Downside16.0% Upside$28.50 Price TargetShort InterestHealthy1.45% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainabilityN/ANews Sentiment1.00Based on 4 Articles This WeekInsider TradingSelling Shares$315,750 Sold Last QuarterProj. Earnings Growth13.77%From $1.67 to $1.90 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.37 out of 5 starsIndustrial Products Sector68th out of 176 stocksPlastics Products, Not Elsewhere Classified Industry7th out of 11 stocks 1.0 Analyst's Opinion Price Target Upside/DownsideAccording to analysts' consensus price target of $28.50, Myers Industries has a forecasted upside of 16.0% from its current price of $24.57.Amount of Analyst CoverageMyers Industries has received no research coverage in the past 90 days. Previous Next 5.0 Short Interest Percentage of Shares Shorted1.45% of the float of Myers Industries has been sold short.Short Interest Ratio / Days to CoverMyers Industries has a short interest ratio ("days to cover") of 3.3, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Myers Industries has recently decreased by 5.47%, indicating that investor sentiment is improving significantly. Previous Next 2.5 Dividend Strength Dividend YieldMyers Industries pays a meaningful dividend of 2.21%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthMyers Industries does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Myers Industries is 36.73%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Myers Industries will have a dividend payout ratio of 28.42% next year. This indicates that Myers Industries will be able to sustain or increase its dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for MYE. Previous Next 3.3 News and Social Media Coverage News SentimentMyers Industries has a news sentiment score of 1.00. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.55 average news sentiment score of Industrial Products companies.News Coverage This WeekMarketBeat has tracked 4 news articles for Myers Industries this week, compared to 2 articles on an average week.Search InterestOnly 3 people have searched for MYE on MarketBeat in the last 30 days. This is a decrease of -40% compared to the previous 30 days.MarketBeat Follows2 people have added Myers Industries to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Myers Industries insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $315,750.00 in company stock.Percentage Held by InsidersOnly 0.97% of the stock of Myers Industries is held by insiders.Percentage Held by Institutions90.00% of the stock of Myers Industries is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for Myers Industries are expected to grow by 13.77% in the coming year, from $1.67 to $1.90 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Myers Industries is 16.71, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 146.08.Price to Earnings Ratio vs. SectorThe P/E ratio of Myers Industries is 16.71, which means that it is trading at a less expensive P/E ratio than the Industrial Products sector average P/E ratio of about 19.67.Price to Book Value per Share RatioMyers Industries has a P/B Ratio of 4.25. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Myers Industries (NYSE:MYE) StockMyers Industries, Inc. engages in the manufacture and trade of polymer products. It operates through the Material Handling and Distribution business segments. The Material Handling segment designs, manufactures, and markets a variety of plastic and metal products. The Distribution segment offers tools, equipment, and supplies used for tire, wheel, and under vehicle service on passenger, heavy truck, and off-road vehicles. The company was founded by Louis Myers and Meyer Myers in 1933 and is headquartered in Akron, OH.Read More Receive MYE Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Myers Industries and its competitors with MarketBeat's FREE daily newsletter. Email Address MYE Stock News HeadlinesFebruary 2, 2023 | marketwatch.comGlobal Plastic Bins Market Growth (Size and Outlook) 2023 Research Report by Sales, Revenue, Price, Gross Margin and Forecast to 2029January 31, 2023 | marketwatch.comTotes and Bins in Warehouses Market Size 2023 with Rising Demand, ultimatum Opportunities for the marketplace Expanding | 114 Pages ReportFebruary 8, 2023 | Wall Street Watch Dogs (Ad)The #1 Energy Stock to BuyThe next major energy revolution is unfolding right now. And it could hand early investors as much as 46,700% gains…January 23, 2023 | marketwatch.comTurnover Box Market Size, Share and Forecast till 2029 with Top Countries DataJanuary 17, 2023 | marketwatch.comKLT BOX Market 2023 Company Challenges, Latest Advancements, Growth Prediction, and Forecast by 2029January 15, 2023 | finance.yahoo.comIs There An Opportunity With Myers Industries, Inc.'s (NYSE:MYE) 47% Undervaluation?January 14, 2023 | forbes.comMyers IndustriesJanuary 12, 2023 | marketwatch.comReusable Plastic Containers (RPCs) Market Insights 2023 Targets Industry Changing Dynamics, Latest Trends and New Growth Prospects till 2028February 8, 2023 | Wall Street Watch Dogs (Ad)The #1 Energy Stock to BuyThe next major energy revolution is unfolding right now. And it could hand early investors as much as 46,700% gains…January 11, 2023 | stocknews.com2 Stocks to Add to Your Portfolio With No HesitationJanuary 11, 2023 | marketwatch.comGlobal Returnable Packaging Market Size 2023, Segments, Share and Growth Factor Analysis, Top Key Players Research Report 2030January 10, 2023 | marketwatch.comPlastic Rigid IBC Market Provides an In-Depth Insight of Trends and Landscape Outlook 2023-2028January 10, 2023 | marketwatch.comDunnage Packaging Market Regional Trends, Growth Projection and Global Industry Analysis Report 2023-2028January 3, 2023 | marketwatch.comReusable Packaging Market Outlook and Forecast 2023 To 2028 with Top Countries DataJanuary 1, 2023 | finance.yahoo.comMultiple insiders bought Myers Industries, Inc. (NYSE:MYE) stock earlier this year, a positive sign for shareholdersDecember 16, 2022 | finance.yahoo.comMyers (MYE) Is Attractively Priced Despite Fast-paced MomentumDecember 11, 2022 | finance.yahoo.comThe Return Trends At Myers Industries (NYSE:MYE) Look PromisingDecember 8, 2022 | forbes.comSupply Chain Planning Solutions Are Not Just For The Big BoysNovember 27, 2022 | finance.yahoo.comMyers Industries, Inc. (NYSE:MYE) Passed Our Checks, And It's About To Pay A US$0.14 DividendNovember 24, 2022 | finance.yahoo.comFast-paced Momentum Stock Myers (MYE) Is Still Trading at a BargainNovember 14, 2022 | marketwatch.comPlastic Rigid Pallet Tank Market 2022 : Report Offers Key Futuristic Top Trends And Competitive Landscape By 2028November 7, 2022 | finance.yahoo.comMyers Industries (NYSE:MYE) shareholders have earned a 11% CAGR over the last three yearsOctober 30, 2022 | seekingalpha.comMyers Industries, Inc. (MYE) Q3 2022 Earnings Call TranscriptOctober 30, 2022 | seekingalpha.comMyers Industries: Worthy Of An UpgradeOctober 27, 2022 | finance.yahoo.comMyers Industries shares rise on higher outlook, record third quarter resultsOctober 27, 2022 | finance.yahoo.comMyers (MYE) Surpasses Q3 Earnings and Revenue EstimatesOctober 27, 2022 | finance.yahoo.comMyers Industries Announces Third Consecutive Quarter of Record ResultsSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive MYE Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Myers Industries and its competitors with MarketBeat's FREE daily newsletter. Email Address MYE Company Calendar Last Earnings11/04/2021Ex-Dividend for 1/4 Dividend12/02/2022Dividend Payable1/04/2023Today2/07/2023Next Earnings (Estimated)3/09/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Plastics products, not elsewhere classified Sub-IndustryMetal & Glass Containers SectorIndustrial Products Current SymbolNYSE:MYE CUSIP62846410 CIK69488 Webwww.myersindustries.com Phone(330) 253-5592Fax330-761-6156Employees2,725Year Founded1933Price Target and Rating Average Stock Price Forecast$28.50 High Stock Price Forecast$28.50 Low Stock Price Forecast$28.50 Forecasted Upside/Downside+16.0%Consensus RatingN/A Rating Score (0-4)0.00 Research Coverage0 Analysts Profitability EPS (Most Recent Fiscal Year)$1.47 Trailing P/E Ratio16.71 Forward P/E Ratio14.71 P/E GrowthN/ANet Income$33.54 million Net Margins6.10% Pretax Margin8.17% Return on Equity25.44% Return on Assets11.06% Debt Debt-to-Equity Ratio0.44 Current Ratio1.75 Quick Ratio1.04 Sales & Book Value Annual Sales$761.43 million Price / Sales1.18 Cash Flow$1.56 per share Price / Cash Flow15.72 Book Value$5.78 per share Price / Book4.25Miscellaneous Outstanding Shares36,500,000Free Float36,143,000Market Cap$896.81 million OptionableOptionable Beta1.45 Social Links Key ExecutivesMike McGaughPresident, Chief Executive Officer & DirectorMonica VinayCFO, Treasurer & Vice President-Investor RelationsDaniel W. HoehnVice President & ControllerMike ValentinoGroup President-DistributionPaul JohnsonVice President-Distribution SegmentKey CompetitorsKarat PackagingNASDAQ:KRTScanSourceNASDAQ:SCSCHeritage-Crystal CleanNASDAQ:HCCICadreNYSE:CDREProto LabsNYSE:PRLBView All CompetitorsInsiders & InstitutionsPacer Advisors Inc.Bought 186,360 shares on 2/6/2023Ownership: 0.511%Los Angeles Capital Management LLCBought 11,967 shares on 2/6/2023Ownership: 0.033%Bailard Inc.Bought 10,087 shares on 2/2/2023Ownership: 0.028%State of New Jersey Common Pension Fund DBought 67,819 shares on 2/1/2023Ownership: 0.186%Zurcher Kantonalbank Zurich Cantonalbank Bought 1,082 shares on 2/1/2023Ownership: 0.016%View All Insider TransactionsView All Institutional Transactions MYE Stock - Frequently Asked Questions What is Myers Industries' stock price forecast for 2023? 0 Wall Street research analysts have issued twelve-month target prices for Myers Industries' shares. Their MYE share price forecasts range from $28.50 to $28.50. On average, they anticipate the company's share price to reach $28.50 in the next twelve months. This suggests a possible upside of 15.9% 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 2023? Myers Industries' stock was trading at $22.23 on January 1st, 2023. Since then, MYE shares have increased by 10.7% and is now trading at $24.60. View the best growth stocks for 2023 here. Are investors shorting Myers Industries? Myers Industries saw a increase in short interest in December. As of December 30th, there was short interest totaling 552,200 shares, an increase of 82.1% from the December 15th total of 303,300 shares. Based on an average daily trading volume, of 154,500 shares, the short-interest ratio is currently 3.6 days. Currently, 1.5% of the shares of the stock are sold short. View Myers Industries' Short Interest. When is Myers Industries' next earnings date? The company is scheduled to release its next quarterly earnings announcement on Thursday, March 9th 2023. View our MYE earnings forecast. How were Myers Industries' earnings last quarter? Myers Industries, Inc. (NYSE:MYE) posted its quarterly earnings results on Thursday, November, 4th. The industrial products company reported $0.23 earnings per share for the quarter, missing analysts' consensus estimates of $0.26 by $0.03. The industrial products company had revenue of $200.06 million for the quarter, compared to analyst estimates of $196.40 million. Myers Industries had a trailing twelve-month return on equity of 25.44% and a net margin of 6.10%. During the same quarter in the previous year, the firm earned $0.30 EPS. How often does Myers Industries pay dividends? What is the dividend yield for Myers Industries? Myers Industries declared a quarterly dividend on Thursday, October 20th. Shareholders of record on Monday, December 5th will be paid a dividend of $0.135 per share on Wednesday, January 4th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date of this dividend is Friday, December 2nd. 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 2.21%. The dividend payout ratio is 36.73%. 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 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 institutional and retail investors. Top institutional shareholders include Allspring Global Investments Holdings LLC (5.71%), Pacer Advisors Inc. (0.51%), Assenagon Asset Management S.A. (0.27%), State of New Jersey Common Pension Fund D (0.19%), Yousif Capital Management LLC (0.07%) and Comerica Bank (0.06%). Insiders that own company stock include Bruce M Lisman, Frederic Jack Liebau Jr, Lori A Lutey, Michael Mcgaugh, Michael P Mcgaugh, Sarah R Coffin, William A Foley, William A Foley and Yvette Dapremont Bright. 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 $24.60. How much money does Myers Industries make? Myers Industries (NYSE:MYE) has a market capitalization of $897.90 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 $1.47 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 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 2/8/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. Start Your 30-Day Free Trial Sign in to your free account to enjoy these benefits In-depth profiles and analysis for 20,000 public companies. Real-time analyst ratings, insider transactions, earnings data, and more. Our daily ratings and market update email newsletter. Sign in to your free account to enjoy all that MarketBeat has to offer. Sign In Create Account Your Email Address: Your Password: or Sign in with Facebook Sign in with Google Forgot your password? Your Email Address: Choose a Password: Create My Account (Free) or Sign in with Facebook Sign in with Google By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.