NYSE:MYEMyers Industries Stock Price, Forecast & News

$13.00

+0.11 (+0.85 %)

(As of 05/26/2020 04:00 PM ET)

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Today's Range

$12.63

Now: $13.00▼

$13.01

50-Day Range

$9.07

MA: $11.40▼

$13.00

52-Week Range

$6.91

Now: $13.00▼

$19.55

Volume84,800 shs

Average Volume171,323 shs

Market Capitalization$464.98 million

P/E Ratio13.54

Dividend Yield4.15%

Beta1.46

Myers Industries, Inc. manufactures and sells polymer products for industrial, agricultural, automotive, commercial, and consumer markets worldwide. The company's Material Handling segment provides plastic reusable material handling containers, pallets, small parts bins, bulk shipping containers, storage and organization products, and rotationally-molded plastic tanks for water, fuel, and waste handling applications; welded steel service carts, platform trucks, mobile work centers, racks, and cabinets; plastic trim and interior parts used in the production of seat components, consoles, and other applications in the recreational vehicle, marine, and industrial markets; and plastic fuel containers, portable marine fuel tanks and water containers, ammunition containers, and storage totes under the Buckhorn, Akro-Mils, Jamco Products, Ameri-Kart, and Scepter brands. This segment serves industrial manufacturing, food processing, retail/wholesale products distribution, agriculture, automotive, recreational vehicles, marine vehicles, healthcare, appliance, bakery, electronics, textiles, consumer, and other industries directly and through distributors. Its Distribution segment offers tire valves and accessories, tire changing and balancing equipment, lifts and alignment equipment, service equipment, hand tools, tire repair and retread supplies, highway markings, industrial rubber, tire pressure monitoring systems, general shop supplies; and brake, transmission, and service equipment and supplies. It offers products under the Myers Tire Supply, Myers Tire Supply International, and Patch Rubber Company, Elrick, Fleetline, MTS, Phoenix, and Seymoure brands. This segment serves retail tire, truck tire, and auto dealers; commercial auto and truck fleets; general service and repair centers; tire retreaders and repair; governmental agencies; telecommunications; industrial; road construction; and mining markets. The company was founded in 1933 and is headquartered in Akron, Ohio.

Beat the Market (BTM) Rank^™

2.2 Analyst's Opinion

Consensus Rating
Myers Industries has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 1 buy rating, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $16.00, Myers Industries has a potential upside of 23.1% from its current price of $13.00.
Amount of Analyst Coverage
Myers Industries has only been the subject of 2 research reports in the past 90 days.

2.0 Community Rank

Outperform Votes
Myers Industries has received 194 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Myers Industries has received 295 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Myers Industries has received 60.33% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Myers Industries and other stocks. Vote “Outperform” if you believe MYE will outperform the S&P 500 over the long term. Vote “Underperform” if you believe MYE will underperform the S&P 500 over the long term. You may vote once every thirty days.

2.5 Dividend Strength

Dividend Leadership
Myers Industries is a leading dividend payer. It pays a dividend yield of 4.15%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Myers Industries does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Myers Industries is 69.23 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on EPS estimates, Myers Industries will have a dividend payout ratio of 79.41 % in the coming year. This indicates that Myers Industries may not be able to sustain their current dividend.

4.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Myers Industries insiders have bought more of their company's stock than they have sold. Specifically, they have bought $355,515.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 0.74% of the stock of Myers Industries is held by insiders.
Percentage Held by Institutions
89.36% of the stock of Myers Industries is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9 Earnings and Valuation

Earnings Growth
Earnings for Myers Industries are expected to grow by 15.25% in the coming year, from $0.59 to $0.68 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Myers Industries is 13.54, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 13.94.
Price to Earnings Ratio vs. Sector
The P/E ratio of Myers Industries is 13.54, which means that it is trading at a less expensive P/E ratio than the Industrial Products sector average P/E ratio of about 19.20.
Price to Book Value per Share Ratio
Myers Industries has a P/B Ratio of 2.77. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.51 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Plastics products, not elsewhere classified

Sub-IndustryMetal & Glass Containers

SectorIndustrial Products

Current SymbolNYSE:MYE

Previous Symbol

CUSIP62846410

CIK69488

Webwww.myersindustries.com

Phone330-253-5592

Debt

Debt-to-Equity Ratio0.23

Current Ratio1.59

Quick Ratio1.18

Price-To-Earnings

Trailing P/E Ratio13.54

Forward P/E Ratio22.03

P/E GrowthN/A

Sales & Book Value

Annual Sales$515.70 million

Price / Sales0.90

Cash Flow$1.44 per share

Price / Cash Flow9.00

Book Value$4.69 per share

Price / Book2.77

Profitability

EPS (Most Recent Fiscal Year)$0.78

Net Income$24.33 million

Net Margins6.87%

Return on Equity16.32%

Return on Assets7.73%

Miscellaneous

Employees1,640

Outstanding Shares35,768,000

Market Cap$464.98 million

Next Earnings Date8/4/2020 (Estimated)

OptionableOptionable

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Myers Industries (NYSE:MYE) Frequently Asked Questions

How has Myers Industries' stock been impacted by COVID-19 (Coronavirus)?

Myers Industries' stock was trading at $12.77 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, MYE stock has increased by 1.8% and is now trading at $13.00. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Myers Industries?

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." View analyst ratings for Myers Industries.

When is Myers Industries' next earnings date?

Myers Industries is scheduled to release its next quarterly earnings announcement on Tuesday, August 4th 2020. View our earnings forecast for Myers Industries.

How were Myers Industries' earnings last quarter?

Myers Industries, Inc. (NYSE:MYE) issued its earnings results on Wednesday, May, 6th. The industrial products company reported $0.22 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.19 by $0.03. The industrial products company earned $122.30 million during the quarter, compared to analyst estimates of $143 million. Myers Industries had a return on equity of 16.32% and a net margin of 6.87%. The business's quarterly revenue was down 12.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.23 earnings per share. View Myers Industries' earnings history.

How often does Myers Industries pay dividends? What is the dividend yield for Myers Industries?

Myers Industries announced a quarterly dividend on Monday, March 9th. Stockholders of record on Wednesday, March 18th will be paid a dividend of $0.135 per share on Thursday, April 2nd. This represents a $0.54 dividend on an annualized basis and a dividend yield of 4.15%. The ex-dividend date is Tuesday, March 17th. View Myers Industries' dividend history.

What guidance has Myers Industries issued on next quarter's earnings?

Myers Industries updated its FY 2020 Pre-Market earnings guidance on Wednesday, May, 6th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $464.128-464.128 million, compared to the consensus revenue estimate of $516.36 million.

What price target have analysts set for MYE?

3 analysts have issued 1 year target prices for Myers Industries' shares. Their forecasts range from $12.00 to $22.00. On average, they expect Myers Industries' share price to reach $16.00 in the next twelve months. This suggests a possible upside of 23.1% from the stock's current price. View analysts' price targets for Myers Industries.

Has Myers Industries been receiving favorable news coverage?

News stories about MYE stock have been trending very positive recently, InfoTrie Sentiment reports. The research firm identifies negative and positive news coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Myers Industries earned a media sentiment score of 3.7 on InfoTrie's scale. They also assigned 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 effect on the stock's share price in the next few days. View the latest news aboutMyers Industries.

Are investors shorting Myers Industries?

Myers Industries saw a drop in short interest in May. As of May 15th, there was short interest totaling 519,000 shares, a drop of 33.4% from the April 30th total of 779,100 shares. Based on an average trading volume of 181,000 shares, the short-interest ratio is presently 2.9 days. Currently, 1.5% of the company's shares are sold short. View Myers Industries' Current Options Chain.

Who are some of Myers Industries' key competitors?

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). View all competitors.

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), Wendys (WEN), JPMorgan Chase & Co. (JPM), Exxon Mobil (XOM), NVIDIA (NVDA), Pfizer (PFE), Target (TGT), Verizon Communications (VZ), Advanced Micro Devices (AMD) and Delta Air Lines (DAL).

Who are Myers Industries' key executives?

Myers Industries' management team includes the following people:

Mr. R. David Banyard, Pres, CEO & Director (Age 50)
Mr. Kevin L. Brackman, Exec. VP & CFO (Age 46)
Ms. Monica Vinay, VP of Investor Relations & Treasurer
Ms. Andrean Renee Horton, Exec. VP, Chief Legal Officer & Sec. (Age 45)
Mr. Kevin Gehrt, VP of HR

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 many different retail and institutional investors. Top institutional investors include BlackRock Inc. (15.21%), Gamco Investors INC. ET AL (10.57%), Gabelli Funds LLC (5.08%), State Street Corp (3.21%), Teton Advisors Inc. (2.81%) and Wells Fargo & Company MN (2.55%). Company insiders that own Myers Industries stock include Bruce M Lisman, Frederic Jack Liebau Jr, Michael P Mcgaugh and Ronald M Defeo. View institutional ownership trends for Myers Industries.

Which major investors are selling Myers Industries stock?

MYE stock was sold by a variety of institutional investors in the last quarter, including Morgan Stanley, BlackRock Inc., Squarepoint Ops LLC, Deutsche Bank AG, Bank of New York Mellon Corp, Wedge Capital Management L L P NC, JPMorgan Chase & Co., and UBS Group AG. View insider buying and selling activity for Myers Industries.

Which major investors are buying Myers Industries stock?

MYE stock was acquired by a variety of institutional investors in the last quarter, including Wells Fargo & Company MN, Assenagon Asset Management S.A., Nuveen Asset Management LLC, Federated Hermes Inc., State Street Corp, Two Sigma Advisers LP, Invenomic Capital Management LP, and Parametric Portfolio Associates LLC. Company insiders that have bought Myers Industries stock in the last two years include Bruce M Lisman, Frederic Jack Liebau Jr, Michael P Mcgaugh, and Ronald M Defeo. View insider buying and selling activity for Myers Industries.

How do I buy shares of 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.

What is Myers Industries' stock price today?

One share of MYE stock can currently be purchased for approximately $13.00.

How big of a company is Myers Industries?

Myers Industries has a market capitalization of $464.98 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.

What is Myers Industries' official website?

The official website for Myers Industries is www.myersindustries.com.

How can I contact Myers Industries?

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]

This page was last updated on 5/26/2020 by MarketBeat.com Staff