Myers Industries - MYE Stock Forecast, Price & News

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.
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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.
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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.
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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.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, May 4th 2023.
View our MYE earnings forecast.

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.

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.

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).

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.

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 -.

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 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.
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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 $21.26.

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.

The company employs 2,500 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.