NYSE:MYEMyers Industries Stock Price, Forecast & News

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. Since then, MYE stock has increased by 14.6% and is now trading at $14.63. View which stocks have been most 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 Tuesday, August 4th 2020. View our earnings forecast for Myers Industries.

Myers Industries, Inc. (NYSE:MYE) announced its quarterly earnings data on Wednesday, May, 6th. 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 had revenue of $122.30 million for 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%. Myers Industries's revenue for the quarter was down 12.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.23 earnings per share. View Myers Industries' earnings history.

Myers Industries announced a quarterly dividend on Tuesday, June 2nd. Shareholders of record on Friday, June 12th will be given a dividend of $0.135 per share on Thursday, July 2nd. This represents a $0.54 annualized dividend and a yield of 3.69%. The ex-dividend date of this dividend is Thursday, June 11th. View Myers Industries' dividend history.

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.

3 brokerages have issued 1 year target prices for Myers Industries' shares. Their forecasts range from $12.00 to $22.00. On average, they anticipate Myers Industries' share price to reach $16.00 in the next year. This suggests a possible upside of 9.4% from the stock's current price. View analysts' price targets for Myers Industries.

Headlines about MYE stock have been trending positive recently, according to InfoTrie Sentiment Analysis. InfoTrie ranks the sentiment of press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Myers Industries earned a daily sentiment score of 2.1 on InfoTrie's scale. They also gave news stories about the industrial products company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the stock's share price in the immediate future. View the latest news about Myers Industries.

Myers Industries saw a decrease in short interest during the month of June. As of June 30th, there was short interest totaling 587,500 shares, a decrease of 13.0% from the June 15th total of 675,400 shares. Based on an average daily volume of 191,100 shares, the days-to-cover ratio is currently 3.1 days. Currently, 1.7% of the shares of the stock 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). View all competitors.

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).

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

Myers Industries' stock is owned by a variety of retail and institutional investors. Top institutional investors include Wedge Capital Management L L P NC (0.27%). Company insiders that own Myers Industries stock include Bruce M Lisman, Michael P Mcgaugh and Ronald M Defeo. View institutional ownership trends for Myers Industries.

MYE stock was purchased by a variety of institutional investors in the last quarter, including Wedge Capital Management L L P NC. Company insiders that have bought Myers Industries stock in the last two years include Bruce M Lisman, Michael P Mcgaugh, 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 $14.63.

Myers Industries has a market capitalization of $523.32 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.

The official website for Myers Industries is 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]