MYE vs. KRT, XMTR, ERII, PRLB, CECO, KRNT, DXPE, TWI, OFLX, and IIIN
Should you be buying Myers Industries stock or one of its competitors? The main competitors of Myers Industries include Karat Packaging (KRT), Xometry (XMTR), Energy Recovery (ERII), Proto Labs (PRLB), CECO Environmental (CECO), Kornit Digital (KRNT), DXP Enterprises (DXPE), Titan International (TWI), Omega Flex (OFLX), and Insteel Industries (IIIN). These companies are all part of the "industrial products" sector.
Karat Packaging (NASDAQ:KRT) and Myers Industries (NYSE:MYE) are both small-cap industrial products companies, but which is the superior investment? We will compare the two companies based on the strength of their profitability, media sentiment, risk, analyst recommendations, earnings, community ranking, institutional ownership, valuation and dividends.
Karat Packaging has a net margin of 8.00% compared to Karat Packaging's net margin of 6.01%. Myers Industries' return on equity of 22.54% beat Karat Packaging's return on equity.
Karat Packaging pays an annual dividend of $1.20 per share and has a dividend yield of 4.4%. Myers Industries pays an annual dividend of $0.54 per share and has a dividend yield of 2.5%. Karat Packaging pays out 74.1% of its earnings in the form of a dividend. Myers Industries pays out 40.9% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years. Karat Packaging has increased its dividend for 1 consecutive years. Karat Packaging is clearly the better dividend stock, given its higher yield and longer track record of dividend growth.
Karat Packaging has a beta of 1.05, indicating that its stock price is 5% more volatile than the S&P 500. Comparatively, Myers Industries has a beta of 1.31, indicating that its stock price is 31% more volatile than the S&P 500.
In the previous week, Karat Packaging and Karat Packaging both had 4 articles in the media. Karat Packaging's average media sentiment score of 0.19 beat Myers Industries' score of 0.01 indicating that Myers Industries is being referred to more favorably in the news media.
Myers Industries has higher revenue and earnings than Karat Packaging. Myers Industries is trading at a lower price-to-earnings ratio than Karat Packaging, indicating that it is currently the more affordable of the two stocks.
Karat Packaging presently has a consensus target price of $30.33, indicating a potential upside of 11.07%. Myers Industries has a consensus target price of $30.00, indicating a potential upside of 36.12%. Given Karat Packaging's higher possible upside, analysts plainly believe Myers Industries is more favorable than Karat Packaging.
Myers Industries received 209 more outperform votes than Karat Packaging when rated by MarketBeat users. However, 63.33% of users gave Karat Packaging an outperform vote while only 59.22% of users gave Myers Industries an outperform vote.
25.2% of Karat Packaging shares are owned by institutional investors. Comparatively, 90.8% of Myers Industries shares are owned by institutional investors. 71.5% of Karat Packaging shares are owned by insiders. Comparatively, 1.4% of Myers Industries shares are owned by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company will outperform the market over the long term.
Summary
Karat Packaging beats Myers Industries on 11 of the 19 factors compared between the two stocks.
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This chart shows the number of new MarketBeat users adding MYE and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
This chart shows the average media sentiment of NYSE and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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