Myers Industries - MYE Stock Forecast, Price & News

0 brokerages have issued 1 year target prices for Myers Industries' stock. Their MYE share price forecasts range from $28.50 to $28.50. On average, they expect the company's stock price to reach $28.50 in the next twelve months. This suggests a possible upside of 70.0% from the stock's current price.
View analysts price targets for MYE or view top-rated stocks among Wall Street analysts.

Myers Industries' stock was trading at $20.01 at the start of the year. Since then, MYE stock has decreased by 16.2% and is now trading at $16.76.
View the best growth stocks for 2022 here.

Myers Industries saw a decline in short interest in the month of August. As of August 31st, there was short interest totaling 537,800 shares, a decline of 17.7% from the August 15th total of 653,300 shares. Based on an average trading volume of 125,100 shares, the short-interest ratio is currently 4.3 days. Currently, 1.5% of the company's stock are short sold.
View Myers Industries' Short Interest.

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) released its quarterly earnings results on Tuesday, August, 2nd. The industrial products company reported $0.45 EPS for the quarter, topping analysts' consensus estimates of $0.40 by $0.05. The industrial products company had revenue of $233.16 million for the quarter, compared to analysts' expectations of $217.54 million. Myers Industries had a trailing twelve-month return on equity of 23.60% and a net margin of 5.63%.

Myers Industries announced a quarterly dividend on Friday, September 2nd. Stockholders of record on Wednesday, September 14th will be paid a dividend of $0.135 per share on Tuesday, October 4th. This represents a $0.54 annualized dividend and a yield of 3.22%. The ex-dividend date of this dividend is Tuesday, September 13th.
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 3.19%. 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 issued an update on 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 earnings per share 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."

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.

One share of MYE stock can currently be purchased for approximately $16.76.

Myers Industries (NYSE:MYE) has a market capitalization of $611.24 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' 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.