Myers Industries (MYE) Stock Price, News & Analysis

Company Overview

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. It serves industrial manufacturing, food processing, retail/wholesale products distribution, agriculture, automotive, recreational and marine vehicles, healthcare, appliance, bakery, electronics, textiles, consumer markets, and other markets under Akro-Mils, Jamco, Buckhorn, Ameri-Kart, Scepter, Elkhart Plastics, Trilogy Plastics, and Signature Systems brands directly to end-users, as well as through distributors. The Distribution segment engages in the distribution of tools, equipment, and supplies for tire, wheel, and under-vehicle service on passenger, heavy truck, and off-road vehicles; and manufacture and sale of tire repair materials and custom rubber products, as well as reflective highway marking tapes under the Myers Tire Supply, Myers Tire Supply International, Tuffy Manufacturing, Mohawk Rubber Sales, Patch Rubber Company, Elrick, Fleetline, MTS, Seymoure, Advance Traffic Markings, and MXP brands. This segment serves retail and truck tire dealers, commercial auto and truck fleets, auto dealers, general service and repair centers, tire re-treaders, truck stop operations, and government agencies. Myers Industries, Inc. was founded in 1933 and is headquartered in Akron, Ohio.

Key Stats

• Today's Range: $12.00 to $12.31
• 50-Day Range: $9.70 to $13.14
• 52-Week Range: $9.32 to $23.47
• Volume: 306,841 shs
• Average Volume: 309,132 shs
• Market Capitalization: $456.02 million
• P/E Ratio: 29.11
• Dividend Yield: 4.42%
• Price Target: $22.00
• Consensus Rating: Hold

Myers Industries Stock Analysis - MarketRank™

Myers Industries scored higher than 79% of companies evaluated by MarketBeat, and ranked 62nd out of 180 stocks in the industrials sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.0 / 5
• Analyst Rating: Hold

Consensus Rating

Myers Industries has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

Myers Industries has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 23.16%

Earnings Growth

Earnings for Myers Industries are expected to grow by 23.16% in the coming year, from $0.95 to $1.17 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Myers Industries is 29.11, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 23.56.

Price to Earnings Ratio vs. Sector

The P/E ratio of Myers Industries is 29.11, which means that it is trading at a more expensive P/E ratio than the Industrials sector average P/E ratio of about 21.04.

Price to Book Value per Share Ratio

Myers Industries has a P/B Ratio of 1.54. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.07% of the float of Myers Industries has been sold short.

Short Interest Ratio / Days to Cover

Myers Industries has a short interest ratio ("days to cover") of 2.2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Myers Industries has recently increased by 2.16%, indicating that investor sentiment is decreasing.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Leadership

Myers Industries is a leading dividend payer. It pays a dividend yield of 4.16%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Myers Industries does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Myers Industries is 284.21%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on earnings estimates, Myers Industries will have a dividend payout ratio of 46.15% next year. This indicates that Myers Industries will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

2.07% of the float of Myers Industries has been sold short.

Short Interest Ratio / Days to Cover

Myers Industries has a short interest ratio ("days to cover") of 2.2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Myers Industries has recently increased by 2.16%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 2.9 / 5
• News Sentiment: 1.20

News Sentiment

Myers Industries has a news sentiment score of 1.20. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.62 average news sentiment score of Industrials companies.

News Coverage This Week

MarketBeat has tracked 2 news articles for Myers Industries this week, compared to 4 articles on an average week.

Search Interest

Only 1 people have searched for MYE on MarketBeat in the last 30 days. This is a decrease of -67% compared to the previous 30 days.

MarketBeat Follows

1 people have added Myers Industries to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, Myers Industries insiders have bought more of their company's stock than they have sold. Specifically, they have bought $24,985.00 in company stock and sold $0.00 in company stock.

Percentage Held by Insiders

Only 1.40% of the stock of Myers Industries is held by insiders.

Percentage Held by Institutions

90.82% of the stock of Myers Industries is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

MYE Stock Analysis - Frequently Asked Questions

How have MYE shares performed this year?

Myers Industries' stock was trading at $11.04 at the start of the year. Since then, MYE stock has increased by 10.8% and is now trading at $12.2270.
View the best growth stocks for 2025 here.

How were Myers Industries' earnings last quarter?

Myers Industries, Inc. (NYSE:MYE) issued its quarterly earnings data on Thursday, March, 6th. The industrial products company reported $0.19 earnings per share for the quarter, beating analysts' consensus estimates of $0.10 by $0.09. The industrial products company had revenue of $203.88 million for the quarter, compared to analyst estimates of $203.10 million. Myers Industries had a trailing twelve-month return on equity of 14.75% and a net margin of 1.88%.

Is Myers Industries doing a stock buyback?

Myers Industries' Board of Directors authorized a stock buyback program on Thursday, March 6th 2025, which authorizes the company to buy back $10,000,000 in shares, according to EventVestor. This means that the company could buy up to 2.2% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's management believes its shares are undervalued.

Does Myers Industries have any subsidiaries?

Myers Industries subsidiaries include Elkhart Plastics Inc., Tuffy Manufacturing Industries Inc., Akro-Mils, Ameri-Kart Corp., Ameri-Kart (MI) Corp., Buckhorn Canada, Buckhorn Inc., and others.

Who are Myers Industries' major shareholders?

Top institutional investors of Myers Industries include Gamco Investors INC. ET AL (9.08%), Vanguard Group Inc. (6.99%), Allspring Global Investments Holdings LLC (5.50%) and Renaissance Technologies LLC (4.26%). Insiders that own company stock include Michael Mcgaugh, Bruce M Lisman, William A Foley, Dave Basque, Frederic Jack Liebau Jr, Yvette Dapremont Bright and Lori A Lutey.
View institutional ownership trends.

How do I buy shares of Myers Industries?

Shares of MYE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of Myers Industries own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Myers Industries investors own include NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), JPMorgan Chase & Co. (JPM), Exxon Mobil (XOM), Broadcom (AVGO) and Netflix (NFLX).

Company Calendar

• Ex-Dividend for 1/3 Dividend: 12/03/2024
• Dividend Payable: 1/03/2025
• Last Earnings: 3/06/2025
• Ex-Dividend for 4/4 Dividend: 3/14/2025
• Today: 3/24/2025
• Dividend Payable: 4/04/2025
• Next Earnings (Estimated): 5/06/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Industrials
• Industry: Plastics products, not elsewhere classified
• Sub-Industry: Metal & Glass Containers
• Current Symbol: NYSE:MYE
• CIK: 69488
• Web: www.myersindustries.com
• Phone: (330) 253-5592
• Fax: 330-761-6156
• Employees: 2,500
• Year Founded: 1933

Price Target and Rating

• Average Stock Price Target: $22.00
• High Stock Price Target: $22.00
• Low Stock Price Target: $22.00
• Potential Upside/Downside: +82.2%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 1 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.19
• Trailing P/E Ratio: 28.75
• Forward P/E Ratio: 12.71
• P/E Growth: N/A
• Net Income: $48.87 million
• Net Margins: 1.88%
• Pretax Margin: 2.90%
• Return on Equity: 14.75%
• Return on Assets: 5.09%

Debt

• Debt-to-Equity Ratio: 1.36
• Current Ratio: 1.80
• Quick Ratio: 1.11

Sales & Book Value

• Annual Sales: $836.28 million
• Price / Sales: 0.54
• Cash Flow: $2.04 per share
• Price / Cash Flow: 5.91
• Book Value: $7.95 per share
• Price / Book: 1.52

Miscellaneous

• Outstanding Shares: 37,296,000
• Free Float: 36,738,000
• Market Cap: $450.42 million
• Optionable: Optionable
• Beta: 1.21