Myers Industries, Inc. (MYE): Price and Financial Metrics


Myers Industries, Inc. (MYE)

Today's Latest Price: $16.25 USD

0.47 (2.98%)

Updated Aug 7 12:00am

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Overall POWR Rating


POWR Components:

 Trade Grade  Buy & Hold Grade  Peer Grade  Industry Rank


Industry Rank:

Ranked of 38 in Industrial - Manufacturing

See all "A" rated Strong Buy stocks

MYE Stock Summary

  • Myers Industries Inc's stock had its IPO on September 8, 1987, making it an older stock than 91.53% of US equities in our set.
  • Of note is the ratio of Myers Industries Inc's sales and general administrative expense to its total operating expenses; 87.45% of US stocks have a lower such ratio.
  • Over the past twelve months, MYE has reported earnings growth of 5,529.54%, putting it ahead of 99.77% of US stocks in our set.
  • Stocks that are quantitatively similar to MYE, based on their financial statements, market capitalization, and price volatility, are LAKE, NTZ, RLH, GCO, and PICO.
  • MYE's SEC filings can be seen here. And to visit Myers Industries Inc's official web site, go to www.myersindustries.com.
MYE Daily Price Range
MYE 52-Week Price Range

MYE Stock Price Chart Technical Analysis Charts


MYE Price/Volume Stats

Current price $16.25 52-week high $18.47
Prev. close $15.78 52-week low $6.91
Day low $15.74 Volume 79,600
Day high $16.27 Avg. volume 172,468
50-day MA $14.44 Dividend yield 3.32%
200-day MA $14.43 Market Cap 581.67M

Myers Industries, Inc. (MYE) Company Bio


Myers Industries manufactures polymer products for industrial, agricultural, automotive, commercial, and consumer markets and also distributes tools, equipment, and supplies for the tire, wheel, and under-vehicle service industry in the U.S. The company was founded in 1933 and is based in Akron, Ohio.

MYE Price Forecast Based on DCF Valuation

Current PriceDCF Fair Value Target: Forecasted Gain:
$16.25$18.25 16%

We started the process of determining a valid price forecast for Myers Industries Inc with a discounted cash flow analysis -- the results of which can be found in the table below. To summarize, we found that Myers Industries Inc ranked in the 51th percentile in terms of potential gain offered. Moreover, under all the scenarios we modelled, the output consistently forecasted positive returns. The most interesting components of our discounted cash flow analysis for Myers Industries Inc ended up being:

  • MYE's estimated cost of debt, based largely on its market capitalization and its interest coverage ratio, is 2%; for context, that number is higher than 32.27% of tickers in our DCF set.
  • Myers Industries Inc's interest coverage rate -- a measure of gross earnings relative to interest payments -- comes in at 12.25. This coverage rate is greater than that of 80.84% of stocks we're observing for the purpose of forecasting via discounted cash flows.
  • Relative to other stocks in its sector (Consumer Cyclical), Myers Industries Inc has a reliance on debt greater than just 13.44% of them.


Terminal Growth Rate in Free Cash FlowReturn Relative to Current Share Price
0%13%
1%14%
2%16%
3%17%
4%18%
5%19%

For other companies in the Consumer Cyclical that have a similar discounted cashflow valuation profile (and ensuing price forecasts) as MYE, try LCII, GES, CMCSA, PLNT, and CAL.





MYE Latest News Stream


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Latest MYE News From Around the Web

Below are the latest news stories about Myers Industries Inc that investors may wish to consider to help them evaluate MYE as an investment opportunity.

Myers (MYE) Q2 Earnings and Revenues Top Estimates

Myers (MYE) delivered earnings and revenue surprises of 64.29% and 10.03%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?

Yahoo | July 30, 2020

Myers Industries: Q2 Earnings Insights

Shares of Myers Industries (NYSE:MYE) were flat in pre-market trading after the company reported Q2 results.Quarterly Results Earnings per share fell 14.81% over the past year to $0.23, which beat the estimate of $0.13.Revenue of $118,394,000 declined by 11.83% year over year, which beat the estimate of $107,290,000.Guidance Earnings guidance hasn't been issued by the company for now.Revenue guidance hasn't been issued by the company for now.Conference Call Details Date: Jul 30, 2020View more earnings on MYETime: 08:30 AMET Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=http%3A%2F%2Finvestor.myersindustries.com%2Finvestor-relations%2Fevents%2Fdefault.aspx&eventid=2396145&sessionid=1&key=55046B50BBC43EA180F53D78011F23B2®Tag=&s...

Yahoo | July 30, 2020

Myers Industries Reports 2020 Second Quarter Results

Myers Industries reports 2020 second quarter results. Company provides slightly improved 2020 revenue outlook.

Yahoo | July 30, 2020

Earnings Preview: Myers (MYE) Q2 Earnings Expected to Decline

Myers (MYE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Yahoo | July 23, 2020

Myers Industries Announces Reporting Date and Conference Call for 2020 Second Quarter Results

AKRON, Ohio--(BUSINESS WIRE)--Myers Industries announced that it will report Q2 2020 results on July 30, 2020 and will host its earnings call the same day at 8:30 a.m. EDT.

Business Wire | July 16, 2020

Read More 'MYE' Stories Here

MYE Price Returns

1-mo 15.74%
3-mo 35.56%
6-mo -0.68%
1-year 7.02%
3-year 0.80%
5-year 29.83%
YTD -0.45%
2019 13.86%
2018 -20.38%
2017 40.61%
2016 11.56%
2015 -21.73%

MYE Dividends

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Continue Researching MYE

Here are a few links from around the web to help you further your research on Myers Industries Inc's stock as an investment opportunity:

Myers Industries Inc (MYE) Stock Price | Nasdaq
Myers Industries Inc (MYE) Stock Quote, History and News - Yahoo Finance
Myers Industries Inc (MYE) Stock Price and Basic Information | MarketWatch


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