Myers Industries - MYE Stock Forecast, Price & News

0 Wall Street analysts have issued 1-year target prices for Myers Industries' shares. Their MYE share price forecasts range from $28.50 to $28.50. On average, they expect the company's share price to reach $28.50 in the next year. This suggests a possible upside of 20.2% 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 $22.23 at the beginning of the year. Since then, MYE shares have increased by 6.7% and is now trading at $23.71.
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Myers Industries saw a increase in short interest in the month of 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 trading volume of 154,500 shares, the short-interest ratio is presently 3.6 days. Currently, 1.5% of the shares of the stock are short sold.
View Myers Industries' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, March 9th 2023.
View our MYE earnings forecast.

Myers Industries, Inc. (NYSE:MYE) released its quarterly earnings data on Thursday, November, 4th. The industrial products company reported $0.23 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 net margin of 6.10% and a trailing twelve-month return on equity of 25.44%. During the same period last year, the firm posted $0.30 EPS.

Myers Industries declared a quarterly dividend on Thursday, October 20th. Investors of record on Monday, December 5th will be given a dividend of $0.135 per share on Wednesday, January 4th. This represents a $0.54 dividend on an annualized basis and a yield of 2.28%. The ex-dividend date of this dividend is Friday, December 2nd.
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 2.28%. 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.

Myers Industries updated its FY 2022 earnings guidance on Thursday, November, 3rd. The company provided EPS guidance of $1.50-$1.70 for the period, compared to the consensus EPS estimate of $1.57. 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 institutional and retail investors. Top institutional shareholders include Allspring Global Investments Holdings LLC (5.71%), Assenagon Asset Management S.A. (0.27%), Yousif Capital Management LLC (0.07%), Comerica Bank (0.06%), Maryland State Retirement & Pension System (0.04%) and Strs Ohio (0.02%). 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.

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 $23.71.

Myers Industries (NYSE:MYE) has a market capitalization of $865.42 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.

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.