Myers Industries - MYE Stock Forecast, Price & News

0 Wall Street research analysts have issued twelve-month target prices for Myers Industries' shares. Their MYE share price forecasts range from $28.50 to $28.50. On average, they anticipate the company's share price to reach $28.50 in the next twelve months. This suggests a possible upside of 15.9% 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 on January 1st, 2023. Since then, MYE shares have increased by 10.7% and is now trading at $24.60.
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Myers Industries saw a increase in short interest in 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 daily trading volume, of 154,500 shares, the short-interest ratio is currently 3.6 days. Currently, 1.5% of the shares of the stock are sold short.
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) posted its quarterly earnings results on Thursday, November, 4th. The industrial products company reported $0.23 earnings per share for the quarter, missing analysts' consensus estimates of $0.26 by $0.03. The industrial products company had revenue of $200.06 million for the quarter, compared to analyst estimates of $196.40 million. Myers Industries had a trailing twelve-month return on equity of 25.44% and a net margin of 6.10%. During the same quarter in the previous year, the firm earned $0.30 EPS.

Myers Industries declared a quarterly dividend on Thursday, October 20th. Shareholders of record on Monday, December 5th will be paid a dividend of $0.135 per share on Wednesday, January 4th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 2.20%. 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 2.21%. 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.

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%), Pacer Advisors Inc. (0.51%), Assenagon Asset Management S.A. (0.27%), State of New Jersey Common Pension Fund D (0.19%), Yousif Capital Management LLC (0.07%) and Comerica Bank (0.06%). 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 $24.60.

Myers Industries (NYSE:MYE) has a market capitalization of $897.90 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.