NYSE:MYEMyers Industries Stock Price, Forecast & News

Myers Industries' stock was trading at $12.77 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, MYE stock has decreased by 25.6% and is now trading at $9.50. View which stocks have been mosted impacted by Coronavirus.

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.

Myers Industries is scheduled to release its next quarterly earnings announcement on Wednesday, May 13th 2020. View our earnings forecast for Myers Industries.

Myers Industries, Inc. (NYSE:MYE) posted its quarterly earnings data on Tuesday, March, 3rd. The industrial products company reported $0.12 EPS for the quarter, meeting the Zacks' consensus estimate of $0.12. The industrial products company earned $116.80 million during the quarter, compared to the consensus estimate of $127.57 million. Myers Industries had a return on equity of 17.02% and a net margin of 4.72%. The business's quarterly revenue was down 15.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.13 EPS. View Myers Industries' earnings history.

Myers Industries declared a quarterly dividend on Monday, March 9th. Stockholders of record on Wednesday, March 18th will be given 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 5.68%. The ex-dividend date is Tuesday, March 17th. View Myers Industries' dividend history.

Myers Industries updated its FY 2020 Pre-Market earnings guidance on Tuesday, March, 3rd. The company provided earnings per share guidance of 0.85-0.95 for the period, compared to the Thomson Reuters consensus estimate of $0.86.

3 brokers have issued 12-month price targets for Myers Industries' shares. Their forecasts range from $16.00 to $22.00. On average, they expect Myers Industries' stock price to reach $18.33 in the next twelve months. This suggests a possible upside of 93.0% from the stock's current price. View analysts' price targets for Myers Industries.

Media headlines about MYE stock have trended very negative this week, according to InfoTrie. The research group scores the sentiment of news coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Myers Industries earned a news impact score of -3.3 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 impact on the company's share price in the next few days. View the latest news aboutMyers Industries.

Myers Industries saw a decrease in short interest in the month of March. As of March 13th, there was short interest totaling 513,100 shares, a decrease of 26.2% from the February 27th total of 695,100 shares. Based on an average daily trading volume, of 162,400 shares, the days-to-cover ratio is presently 3.2 days. Approximately 1.5% of the company's shares are sold short. View Myers Industries' Current Options Chain.

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).

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), Discover Financial Services (DFS), Pfizer (PFE), Verizon Communications (VZ), eBay (EBAY), LivePerson (LPSN) and Overstock.com (OSTK).

Myers Industries trades on the New York Stock Exchange (NYSE) under the ticker symbol "MYE."

Myers Industries' stock is owned by a number of retail and institutional investors. Top institutional investors include State of Alaska Department of Revenue (0.09%). Company insiders that own Myers Industries stock include Bruce M Lisman, Frederic Jack Liebau Jr, Jane Scaccetti and Ronald M Defeo. View institutional ownership trends for Myers Industries.

MYE stock was bought by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue. Company insiders that have bought Myers Industries stock in the last two years include Bruce M Lisman, Frederic Jack Liebau Jr, Jane Scaccetti, and Ronald M Defeo. View insider buying and selling activity for 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.

One share of MYE stock can currently be purchased for approximately $9.50.

Myers Industries has a market capitalization of $339.34 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. View additional information about Myers Industries.

The official website for Myers Industries is http://www.myersindustries.com/.

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]