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. $21.26 -0.15 (-0.70%) (As of 03/29/2023 12:00 AM ET) Add Compare Share Share Today's Range$21.13▼$21.6250-Day Range$19.73▼$25.8452-Week Range$16.08▼$26.49Volume94,086 shsAverage Volume172,725 shsMarket Capitalization$777.69 millionP/E Ratio13.04Dividend Yield2.54%Price Target$26.13 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Myers Industries MarketRank™ ForecastAnalyst RatingHold2.00 Rating ScoreUpside/Downside22.9% Upside$26.13 Price TargetShort InterestBearish1.91% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainabilityN/ANews Sentiment0.00Based on 2 Articles This WeekInsider TradingAcquiring Shares$51,815 Bought Last QuarterProj. Earnings Growth9.94%From $1.71 to $1.88 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.2.15 out of 5 starsIndustrial Products Sector97th out of 177 stocksPlastics Products, Not Elsewhere Classified Industry10th out of 10 stocks 2.0 Analyst's Opinion Consensus RatingMyers Industries has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $26.13, Myers Industries has a forecasted upside of 22.9% from its current price of $21.26.Amount of Analyst CoverageMyers Industries has only been the subject of 1 research reports in the past 90 days. Previous Next 2.0 Short Interest Percentage of Shares Shorted1.91% 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 4.Change versus previous monthShort interest in Myers Industries has recently increased by 12.54%, indicating that investor sentiment is decreasing significantly. Previous Next 2.5 Dividend Strength Dividend YieldMyers Industries pays a meaningful dividend of 2.63%, 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 33.13%. 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 28.72% 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 0.6 News and Social Media Coverage News Coverage This WeekMarketBeat has tracked 2 news articles for Myers Industries this week, compared to 3 articles on an average week.Search Interest11 people have searched for MYE on MarketBeat in the last 30 days. This is an increase of 38% compared to the previous 30 days.MarketBeat FollowsOnly 3 people have added Myers Industries to their MarketBeat watchlist in the last 30 days. This is a decrease of -25% compared to the previous 30 days. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Myers Industries insiders have bought more of their company's stock than they have sold. Specifically, they have bought $51,815.00 in company stock and sold $0.00 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 9.94% in the coming year, from $1.71 to $1.88 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Myers Industries is 13.04, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 133.49.Price to Earnings Ratio vs. SectorThe P/E ratio of Myers Industries is 13.04, which means that it is trading at a less expensive P/E ratio than the Industrial Products sector average P/E ratio of about 18.20.Price to Book Value per Share RatioMyers Industries has a P/B Ratio of 3.02. 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 HeadlinesMarch 29, 2023 | marketwatch.comDunnage Packaging Market 2023, Top Factors that Will Boost the Dunnage Packaging MarketMarch 22, 2023 | marketwatch.comWheeled Storage Bins Market Average Price by ManufacturersMarch 29, 2023 | WealthPop (Ad)Adam Mesh: “This Strategy Saved My Trading Career”Adam Mesh was $50,000 in the hole - and ready to quit trading for good… Until he discovered the secret to unlocking double-digit income. This strategy has averaged 64% average gains in the last three years. Adam is hosting a free session to show ordinary folks how to execute this incredible strategy. Click here to let Adam show you how it’s done. March 15, 2023 | marketwatch.comPlastic Bins Market Incredible Possibilities, Growth Analysis and Forecast To 2028March 14, 2023 | marketwatch.comFrom 2023 to 2027, Returnable Transport Packaging (RTP) Market Size and Share | Industry GrowthMarch 10, 2023 | marketwatch.comFiguring Out the Returnable Plastic Crates Market: Uncovering Opportunities and Growth Drivers during Forecast Years 2023 to 2026March 10, 2023 | finance.yahoo.comBe Sure To Check Out Myers Industries, Inc. (NYSE:MYE) Before It Goes Ex-DividendMarch 6, 2023 | msn.comMyers Industries (MYE) Declares $0.14 DividendMarch 29, 2023 | WealthPop (Ad)Adam Mesh: “This Strategy Saved My Trading Career”Adam Mesh was $50,000 in the hole - and ready to quit trading for good… Until he discovered the secret to unlocking double-digit income. This strategy has averaged 64% average gains in the last three years. Adam is hosting a free session to show ordinary folks how to execute this incredible strategy. Click here to let Adam show you how it’s done. March 6, 2023 | finance.yahoo.comMyers Industries (NYSE:MYE) Will Pay A Dividend Of $0.135March 3, 2023 | msn.comMyers Industries declares $0.135 dividendMarch 3, 2023 | finance.yahoo.comMyers Industries, Inc. (NYSE:MYE) Q4 2022 Earnings Call TranscriptMarch 2, 2023 | finance.yahoo.comMyers Industries Full Year 2022 Earnings: EPS Beats ExpectationsMarch 2, 2023 | finance.yahoo.comQ4 2022 Myers Industries Inc Earnings CallMarch 1, 2023 | finance.yahoo.comWhy Myers Industries Stock Dropped on WednesdayMarch 1, 2023 | marketwatch.comMyers Industries Shares Down 15% After Reporting Uptick in 4Q Sales, ProfitMarch 1, 2023 | markets.businessinsider.comMyers Industries Shares Tanks In Spite Of Improved Quarterly ResultsMarch 1, 2023 | markets.businessinsider.comMyers Industries Q4 Profit Climbs; Sees Sales Growth In FY23March 1, 2023 | finance.yahoo.comMyers Industries Announces Fourth Quarter and Full Year 2022 ResultsFebruary 28, 2023 | marketwatch.comPlastic Crates Market Size, Share & Trends Analysis Forecast Report by 2028February 27, 2023 | marketwatch.comDunnage Packaging Market In-depth analysis which provides critical revenue and estimates for the period 2023 To 2028February 26, 2023 | marketwatch.comCollapsible Rigid Containers Market Future Trends Demand 2023, and Forecast to 2028February 23, 2023 | marketwatch.comWheeled Storage Bins Market 2023: Competitive Landscape and Market Share Analysis till 2028February 23, 2023 | marketwatch.com2023 Landscaping Products Market: Best Practices of Top Players and Strategies for Success till 2028February 21, 2023 | marketwatch.comInsight View on Plastic Rigid Pallet Tank Market Size [2023-2028] | Opportunities and Growth FactorFebruary 21, 2023 | finance.yahoo.comLung Cancer Drugs Global Market Report 2023February 20, 2023 | msn.comCoast Guard OKs three-week closing of St. Lucie River bridge while Brightline makes repairsSee 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 Payable1/04/2023Ex-Dividend for 4/4 Dividend3/15/2023Today3/29/2023Dividend Payable4/04/2023Next Earnings (Estimated)5/04/2023Fiscal 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) 253-5592Fax330-761-6156Employees2,500Year Founded1933Price Target and Rating Average Stock Price Forecast$26.13 High Stock Price Forecast$28.50 Low Stock Price Forecast$23.75 Forecasted Upside/Downside+22.9%Consensus RatingHold Rating Score (0-4)2.00 Research Coverage1 Analysts Profitability EPS (Most Recent Fiscal Year)$1.63 Trailing P/E Ratio13.04 Forward P/E Ratio12.43 P/E GrowthN/ANet Income$60.27 million Net Margins6.70% Pretax Margin8.69% Return on Equity25.62% Return on Assets11.40% Debt Debt-to-Equity Ratio0.40 Current Ratio1.87 Quick Ratio1.19 Sales & Book Value Annual Sales$899.55 million Price / Sales0.86 Cash Flow$2.36 per share Price / Cash Flow9.00 Book Value$7.03 per share Price / Book3.02Miscellaneous Outstanding Shares36,580,000Free Float36,228,000Market Cap$777.69 million OptionableOptionable Beta1.41 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:SCSCMRC GlobalNYSE:MRCTrinseoNYSE:TSEHyster-Yale Materials HandlingNYSE:HYView All CompetitorsInsiders & InstitutionsMichael McgaughBought 1,000 shares on 3/14/2023Total: $20,180.00 ($20.18/share)Lori A LuteyBought 1,000 shares on 3/8/2023Total: $21,100.00 ($21.10/share)Yvette Dapremont BrightBought 500 shares on 3/6/2023Total: $10,535.00 ($21.07/share)Voya Investment Management LLCBought 2,718 shares on 2/28/2023Ownership: 0.144%Alliancebernstein L.P.Bought 13,136 shares on 2/16/2023Ownership: 0.120%View All Insider TransactionsView All Institutional Transactions MYE Stock - Frequently Asked Questions Should I buy or sell Myers Industries stock right now? 1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Myers Industries in the last year. There are currently 1 hold rating for the stock. The consensus among Wall Street analysts is that investors should "hold" MYE shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MYE, but not buy additional shares or sell existing shares. View MYE analyst ratings or view top-rated stocks. What is Myers Industries' stock price forecast for 2023? 1 analysts have issued 12 month target prices for Myers Industries' stock. Their MYE share price forecasts range from $23.75 to $28.50. On average, they expect the company's share price to reach $26.13 in the next year. This suggests a possible upside of 22.9% 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 at the start of the year. Since then, MYE shares have decreased by 4.4% and is now trading at $21.26. View the best growth stocks for 2023 here. Are investors shorting Myers Industries? Myers Industries saw a increase in short interest in February. As of February 28th, there was short interest totaling 611,600 shares, an increase of 15.0% from the February 13th total of 531,900 shares. Based on an average daily volume of 182,900 shares, the short-interest ratio is currently 3.3 days. 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, May 4th 2023. View our MYE earnings forecast. How were Myers Industries' earnings last quarter? Myers Industries, Inc. (NYSE:MYE) issued its quarterly earnings results on Thursday, November, 4th. The industrial products company reported $0.23 EPS for the quarter, missing analysts' consensus estimates of $0.26 by $0.03. The industrial products company earned $200.06 million during the quarter, compared to analysts' expectations of $196.40 million. Myers Industries had a trailing twelve-month return on equity of 25.62% and a net margin of 6.70%. During the same period last year, the business earned $0.30 earnings per share. How often does Myers Industries pay dividends? What is the dividend yield for Myers Industries? Myers Industries announced a quarterly dividend on Friday, March 3rd. Stockholders of record on Thursday, March 16th will be paid a dividend of $0.135 per share on Tuesday, April 4th. This represents a $0.54 annualized dividend and a dividend yield of 2.54%. The ex-dividend date of this dividend is Wednesday, March 15th. Read our dividend analysis for MYE. What ETFs hold Myers Industries' stock? ETFs with the largest weight of Myers Industries (NYSE:MYE) stock in their portfolio include Invesco S&P SmallCap Materials ETF (PSCM), Inspire Fidelis Multi Factor ETF (FDLS), Invesco S&P SmallCap High Dividend Low Volatility ETF (XSHD), Invesco S&P SmallCap 600 Pure Growth ETF (RZG), Invesco S&P SmallCap Momentum ETF (XSMO), Principal U.S. Small-Cap Adaptive Multi-Factor ETF (PLTL), WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS) and Vanguard S&P Small-Cap 600 Growth ETF (VIOG). 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 2.63%. The dividend payout ratio is 33.13%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MYE will have a dividend payout ratio of 28.72% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for MYE. What guidance has Myers Industries issued on next quarter's earnings? Myers Industries updated its FY 2023 earnings guidance on Wednesday, March, 1st. The company provided EPS guidance of $1.55-$1.85 for the period, compared to the consensus estimate of $1.90. The company issued revenue guidance of -. 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 many different institutional and retail investors. Top institutional investors include T. Rowe Price Investment Management Inc. (8.99%), Gamco Investors INC. ET AL (8.48%), Allspring Global Investments Holdings LLC (5.71%), Gabelli Funds LLC (4.13%), Dimensional Fund Advisors LP (4.10%) and William Blair Investment Management LLC (3.87%). 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 $21.26. How much money does Myers Industries make? Myers Industries (NYSE:MYE) has a market capitalization of $777.69 million and generates $899.55 million in revenue each year. The industrial products company earns $60.27 million in net income (profit) each year or $1.63 on an earnings per share basis. How many employees does Myers Industries have? The company employs 2,500 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 3/29/2023 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. 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