Myers Industries (MYE) Stock Price, News & Analysis

Company Overview

Myers Industries, Inc. (NYSE: MYE) is a diversified manufacturer and marketer of molded rubber products, plastic products and material handling equipment. Since its establishment in 1981 as a spin-off from the Myers Bros. Company, the firm has built a reputation for high-quality polymer and rubber solutions serving a broad range of end markets. Its core offerings include railway products and accessories, maintenance-of-way equipment, custom-engineered hose and tubing, agricultural drainage solutions, and a comprehensive line of plastic pallets and bulk containers.

The company operates through two principal segments: the Distribution Products Group and the Advanced Products Group. The Distribution Products Group focuses on consumable and spare parts for the rail industry, as well as fluid handling and transfer components for industrial and agricultural customers. The Advanced Products Group specializes in unit load devices, reusable packaging systems and specialty molded components that address logistics, agricultural and industrial applications. Together, these segments leverage in-house design, prototyping and molding capabilities to deliver tailored solutions that enhance efficiency and reduce total cost of ownership.

Myers Industries maintains a global footprint with manufacturing and distribution facilities in North America, Europe and Asia. Its network of regional sales teams and independent distributors enables responsive customer service and timely delivery across more than 50 countries. Over the years, the company has expanded through strategic acquisitions and product innovation, reinforcing its position in key end markets such as rail, agriculture, logistics and industrial fluid handling.

The company’s leadership team is led by President and Chief Executive Officer Fred M. Joyal Jr., who has overseen product portfolio expansion and operational improvements. Supporting him is a seasoned executive group with expertise in manufacturing, engineering, finance and global supply chain management. Through continuous investment in advanced tooling, process automation and sustainable materials, Myers Industries aims to drive long-term growth and deliver measurable value to its customers.

Key Stats

• Today's Range: $15.35 to $15.77
• 50-Day Range: $10.50 to $15.61
• 52-Week Range: $9.06 to $17.39
• Volume: 92,696 shs
• Average Volume: 324,074 shs
• Market Capitalization: $580.51 million
• P/E Ratio: 55.46
• Dividend Yield: 3.48%
• Price Target: $21.00
• Consensus Rating: Buy

Myers Industries Stock Analysis - MarketRank™

Myers Industries scored higher than 89% of companies evaluated by MarketBeat, and ranked 29th out of 181 stocks in the industrials sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Buy

Consensus Rating

Myers Industries has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Myers Industries has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 23.16%

Earnings Growth

Earnings for Myers Industries are expected to grow by 23.16% in the coming year, from $0.95 to $1.17 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Myers Industries is 55.46, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 25.65.

Price to Earnings Ratio vs. Sector

The P/E ratio of Myers Industries is 55.46, which means that it is trading at a more expensive P/E ratio than the Industrials sector average P/E ratio of about 24.99.

Price to Book Value per Share Ratio

Myers Industries has a P/B Ratio of 2.08. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.56% of the float of Myers Industries has been sold short.

Short Interest Ratio / Days to Cover

Myers Industries has a short interest ratio ("days to cover") of 2.1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Myers Industries has recently decreased by 8.56%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

Myers Industries pays a meaningful dividend of 3.48%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Myers Industries does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Myers Industries is 192.86%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on earnings estimates, Myers Industries will have a dividend payout ratio of 46.15% next year. This indicates that Myers Industries will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

1.56% of the float of Myers Industries has been sold short.

Short Interest Ratio / Days to Cover

Myers Industries has a short interest ratio ("days to cover") of 2.1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Myers Industries has recently decreased by 8.56%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.2 / 5
• News Sentiment: 0.89

News Sentiment

Myers Industries has a news sentiment score of 0.89. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.52 average news sentiment score of Industrials companies.

News Coverage This Week

MarketBeat has tracked 2 news articles for Myers Industries this week, compared to 4 articles on an average week.

MarketBeat Follows

Only 1 people have added Myers Industries to their MarketBeat watchlist in the last 30 days. This is a decrease of -67% compared to the previous 30 days.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: Acquiring Shares

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 $11,630.00 in company stock and sold $0.00 in company stock.

Percentage Held by Insiders

Only 1.85% of the stock of Myers Industries is held by insiders.

Percentage Held by Institutions

90.82% of the stock of Myers Industries is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

MYE Stock Analysis - Frequently Asked Questions

How have MYE shares performed this year?

Myers Industries' stock was trading at $11.04 at the beginning of the year. Since then, MYE shares have increased by 40.7% and is now trading at $15.53.

How were Myers Industries' earnings last quarter?

Myers Industries, Inc. (NYSE:MYE) issued its earnings results on Thursday, May, 1st. The industrial products company reported $0.22 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.19 by $0.03. The industrial products company earned $206.75 million during the quarter, compared to the consensus estimate of $206.80 million. Myers Industries had a trailing twelve-month return on equity of 14.02% and a net margin of 1.26%.
Read the conference call transcript.

Is Myers Industries doing a stock buyback?

Myers Industries' Board of Directors approved a stock buyback program on Thursday, March 6th 2025, which authorizes the company to repurchase $10,000,000 in outstanding shares, according to EventVestor. This means that the company could buy up to 2.2% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's management believes its stock is undervalued.

Does Myers Industries have any subsidiaries?

Myers Industries subsidiaries include Elkhart Plastics Inc., Tuffy Manufacturing Industries Inc., Akro-Mils, Ameri-Kart Corp., Ameri-Kart (MI) Corp., Buckhorn Canada, Buckhorn Inc., and others.

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of Myers Industries own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Myers Industries investors own include NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), JPMorgan Chase & Co. (JPM), Exxon Mobil (XOM), Broadcom (AVGO) and Netflix (NFLX).

Company Calendar

• Last Earnings: 5/01/2025
• Record date for 7/3 Dividend: 6/18/2025
• Ex-Dividend for 7/3 Dividend: 6/18/2025
• Dividend Payable: 7/03/2025
• Today: 7/05/2025
• Next Earnings (Estimated): 7/31/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Industrials
• Industry: RUBBER&PLASTICS
• Sub-Industry: Metal & Glass Containers
• Current Symbol: NYSE:MYE
• CIK: 69488
• Web: www.myersindustries.com
• Phone: (330) 253-5592
• Fax: 330-761-6156
• Employees: 2,700
• Year Founded: 1933

Price Target and Rating

• Average Stock Price Target: $21.00
• High Stock Price Target: $21.00
• Low Stock Price Target: $21.00
• Potential Upside/Downside: +35.2%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 1 Analysts

Profitability

• EPS (Trailing Twelve Months): $0.28
• Trailing P/E Ratio: 55.46
• Forward P/E Ratio: 16.35
• P/E Growth: N/A
• Net Income: $7.20 million
• Net Margins: 1.26%
• Pretax Margin: 2.15%
• Return on Equity: 14.02%
• Return on Assets: 4.38%

Debt

• Debt-to-Equity Ratio: 1.34
• Current Ratio: 1.78
• Quick Ratio: 1.14

Sales & Book Value

• Annual Sales: $836.28 million
• Price / Sales: 0.69
• Cash Flow: $2.25 per share
• Price / Cash Flow: 6.89
• Book Value: $7.45 per share
• Price / Book: 2.08

Miscellaneous

• Outstanding Shares: 37,380,000
• Free Float: 36,690,000
• Market Cap: $580.51 million
• Optionable: Optionable
• Beta: 1.14