What is KeyCorp's Estimate for MYE FY2026 Earnings?

Myers Industries, Inc. (NYSE:MYE - Free Report) - Stock analysts at KeyCorp issued their FY2026 earnings per share (EPS) estimates for Myers Industries in a note issued to investors on Tuesday, November 5th. KeyCorp analyst S. Barger forecasts that the industrial products company will post earnings of $1.58 per share for the year. KeyCorp has a "Sector Weight" rating on the stock. The consensus estimate for Myers Industries' current full-year earnings is $1.13 per share.

Myers Industries (NYSE:MYE - Get Free Report) last released its quarterly earnings data on Monday, November 4th. The industrial products company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.04). Myers Industries had a net margin of 1.88% and a return on equity of 14.53%. The business had revenue of $205.07 million during the quarter. During the same quarter in the previous year, the business earned $0.38 earnings per share.

Myers Industries Stock Performance

MYE traded down $0.10 during trading on Thursday, reaching $12.12. The company's stock had a trading volume of 217,740 shares, compared to its average volume of 253,355. The company's fifty day moving average price is $13.27 and its 200-day moving average price is $14.82. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.16 and a current ratio of 1.81. The company has a market capitalization of $451.13 million, a price-to-earnings ratio of 29.07 and a beta of 1.23. Myers Industries has a 52-week low of $10.77 and a 52-week high of $23.63.

Hedge Funds Weigh In On Myers Industries

Institutional investors and hedge funds have recently modified their holdings of the business. nVerses Capital LLC acquired a new position in Myers Industries in the 2nd quarter valued at approximately $25,000. DekaBank Deutsche Girozentrale purchased a new stake in Myers Industries in the first quarter worth about $91,000. Covestor Ltd lifted its holdings in Myers Industries by 712,200.0% in the first quarter. Covestor Ltd now owns 7,123 shares of the industrial products company's stock valued at $165,000 after acquiring an additional 7,122 shares during the period. Gallacher Capital Management LLC bought a new position in shares of Myers Industries during the 2nd quarter valued at about $186,000. Finally, Metis Global Partners LLC bought a new position in shares of Myers Industries in the third quarter worth about $192,000. 90.82% of the stock is currently owned by institutional investors and hedge funds.

Myers Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Tuesday, December 3rd will be issued a $0.135 dividend. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $0.54 annualized dividend and a yield of 4.46%. Myers Industries's dividend payout ratio (DPR) is 128.57%.

About Myers Industries

Myers Industries, Inc engages in distribution of tire service supplies in Ohio. It operates through two segments, The Material Handling and Distribution. The Material Handling segment offers pallets, small parts bins, bulk shipping containers, and OEM parts, as well as storage and organization, and custom plastic products; and injection molded, rotationally molded or blow molded products, consumer fuel containers and tanks for water, fuel, and waste handling.