MYE - Myers Industries Inc Stock Price, Fair Value and News

16.44USD-0.56 (-3.29%)Market Closed

Market Summary

USD16.44-0.56

Market Closed

-3.29%

MYE Alerts

Big fall in earnings (Y/Y)

MYE Stock Price

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MYE RSI Chart

MYE Valuation

Market Cap

611.3M

Price/Earnings (Trailing)

15.52

Price/Sales (Trailing)

0.76

EV/EBITDA

11.66

Price/Free Cashflow

9.99

MYE Price/Sales (Trailing)

MYE Profitability

EBT Margin

6.66%

Return on Equity

13.51%

Return on Assets

4.16%

Free Cashflow Yield

10.01%

MYE Fundamentals

MYE Revenue

Revenue (TTM)

804.4M

Rev. Growth (Yr)

-4%

Rev. Growth (Qtr)

8.39%

MYE Earnings

Earnings (TTM)

39.4M

Earnings Growth (Yr)

-73%

Earnings Growth (Qtr)

-72.06%

Breaking Down MYE Revenue

Last 7 days

-3.5%

Last 30 days

-21.6%

Last 90 days

-13.8%

Trailing 12 Months

-16.3%

How does MYE drawdown profile look like?

MYE Financial Health

Current Ratio

1.75

Debt/Equity

1.31

Debt/Cashflow

0.21

MYE Investor Care

Dividend Yield

3.28%

Dividend/Share (TTM)

0.54

Shares Dilution (1Y)

1.20%

Diluted EPS (TTM)

1.06

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2024	804.4M	0	0	0
2023	889.8M	865.1M	834.8M	813.1M
2022	809.9M	858.3M	886.3M	899.5M
2021	562.5M	631.5M	674.8M	761.4M
2020	498.8M	482.9M	489.7M	510.4M
2019	553.3M	547.0M	537.3M	515.7M
2018	563.0M	568.3M	568.5M	566.7M
2017	523.8M	520.8M	530.2M	547.0M
2016	592.4M	566.3M	550.3M	534.4M
2015	629.5M	641.1M	620.6M	601.5M
2014	590.3M	589.4M	610.1M	623.6M
2013	555.4M	565.2M	574.9M	584.7M
2012	758.9M	762.8M	769.7M	545.6M
2011	746.7M	748.1M	751.3M	755.7M
2010	0	713.8M	725.7M	737.6M
2009	0	0	0	701.8M

Get all data in R, Python etc through our Historical Stock Data APIs

GRUFITY'S FAIR VALUE MODEL

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

Very Expensive Stocks

Very Cheap Stocks

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Tracking the Latest Insider Buys and Sells of Myers Industries Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Mar 16, 2024	mcgaugh michael	acquired	-	-	110,481	president and ceo
Mar 16, 2024	baker jeffrey jon	acquired	-	-	14,217	vp, shared services
Mar 16, 2024	baker jeffrey jon	sold (taxes)	-79,900	20.84	-3,834	vp, shared services
Mar 16, 2024	gurnee jim	acquired	-	-	11,817	vp sales/marketing/commercial
Mar 16, 2024	mcgaugh michael	sold (taxes)	-957,848	20.84	-45,962	president and ceo
Mar 16, 2024	gurnee jim	sold (taxes)	-68,271	20.84	-3,276	vp sales/marketing/commercial
Aug 29, 2023	bright yvette dapremont	bought	18,690	18.69	1,000	-
Aug 08, 2023	mcgaugh michael	bought	46,185	18.474	2,500	president and ceo
Apr 27, 2023	lutey lori a.	acquired	-	-	5,294	-
Apr 27, 2023	liebau frederic jack jr	acquired	-	-	5,294	-

Which funds bought or sold MYE recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 16, 2024	CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	reduced	-6.2	74,067	737,223	-%
May 16, 2024	JANE STREET GROUP, LLC	added	76.72	759,885	1,454,240	-%
May 16, 2024	COMERICA BANK	reduced	-9.44	24,049	352,254	-%
May 15, 2024	AMERIPRISE FINANCIAL INC	reduced	-14.54	83,044	6,562,100	-%
May 15, 2024	CAPTRUST FINANCIAL ADVISORS	sold off	-100	-198,042	-	-%
May 15, 2024	Squarepoint Ops LLC	sold off	-100	-908,919	-	-%
May 15, 2024	DEUTSCHE BANK AG\	added	1.65	66,286	389,975	-%
May 15, 2024	BARCLAYS PLC	reduced	-46.43	-466,000	811,000	-%
May 15, 2024	OCCUDO QUANTITATIVE STRATEGIES LP	sold off	-100	-533,480	-	-%
May 15, 2024	Aquatic Capital Management LLC	added	2,200	153,873	159,873	-%

Are Funds Buying or Selling MYE?

Are funds buying MYE calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own MYE

No. of Funds

MYE Alerts

Big fall in earnings (Y/Y)

Unveiling Myers Industries Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 16, 2024	t. rowe price investment management, inc.	2.5%	920,216	SC 13G/A
Feb 14, 2024	t. rowe price investment management, inc.	2.5%	920,216	SC 13G/A
Feb 13, 2024	vanguard group inc	7.23%	2,664,405	SC 13G/A
Jan 22, 2024	blackrock inc.	15.9%	5,864,343	SC 13G/A
Jan 12, 2024	allspring global investments holdings, llc	5.78%	2,130,794	SC 13G/A
Feb 14, 2023	t. rowe price investment management, inc.	9.0%	3,280,083	SC 13G/A
Feb 09, 2023	william blair investment management, llc	4.3%	1,552,236	SC 13G/A
Feb 09, 2023	vanguard group inc	7.01%	2,557,365	SC 13G/A
Jan 23, 2023	blackrock inc.	15.8%	5,767,999	SC 13G/A
Jan 13, 2023	allspring global investments holdings, llc	5.71%	2,084,653	SC 13G/A

Recent SEC filings of Myers Industries Inc

View All Filings

Date Filed	Form Type	Document
May 17, 2024	4	Insider Trading
May 17, 2024	S-3/A	S-3/A
May 13, 2024	4	Insider Trading
May 13, 2024	4/A	Insider Trading
May 13, 2024	4	Insider Trading
May 13, 2024	4	Insider Trading
May 13, 2024	4	Insider Trading
May 13, 2024	4	Insider Trading
May 13, 2024	4	Insider Trading
May 13, 2024	4	Insider Trading

Peers (Alternatives to Myers Industries Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
PKG	16.4T	7.8B	2.61%	41.74%	22.8K	2.1K	-6.16%	-25.24%
AVY	18.2B	8.5B	8.32%	32.32%	32.89	2.16	-3.48%	-18.51%
AMCR	14.8B	13.8B	16.31%	0.49%	22.73	1.08	-7.72%	-33.16%
IP	14.1B	18.5B	15.92%	26.88%	82.07	0.76	-11.60%	-86.93%
MID-CAP
CCK	10.3B	11.8B	11.10%	3.40%	24.41	0.87	-7.33%	-33.86%
GPK	8.6B	9.2B	3.88%	9.79%	12.7	0.93	-3.99%	9.49%
REYN	6.1B	3.7B	2.99%	2.23%	18.4	1.63	-3.42%	47.98%
SEE	5.7B	5.5B	24.99%	-7.75%	15.66	1.04	-1.86%	-10.54%
SLGN	5.0B	5.9B	0.96%	-0.19%	16.32	0.86	-7.84%	-5.76%
OI	2.1B	6.9B	-11.93%	-38.33%	-8.73	0.3	-1.83%	-133.76%
SMALL-CAP
TRS	1.1B	905.2M	10.46%	8.09%	27.76	1.24	1.58%	-28.68%
MYE	611.3M	804.4M	-21.60%	-16.29%	15.52	0.76	-9.59%	-29.54%
PACK	551.5M	340.4M	-2.06%	91.67%	-24.19	1.62	4.67%	42.57%
TUP	102.4M	1.1B	124.49%	185.71%	-0.28	0.09	-17.21%	-907.42%
DSS	12.9M	30.3M	3.39%	-57.83%	-0.17	0.43	-36.04%	-28.10%

Myers Industries Inc News

Latest updates

Myers Industries Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2
Revenue	8.4%	207	191	198	208	216	213	228	233	225	200	200	194	187	174	137	132	118	122	117	125	134
Gross Profit	12.3%	64.00	57.00	62.00	68.00	71.00	65.00	72.00	75.00	72.00	52.00	54.00	-	55.00	50.00	40.00	47.00	43.00	42.00	39.00	40.00	47.00
S&GA Expenses	38.0%	53.00	39.00	44.00	52.00	52.00	47.00	52.00	52.00	48.00	41.00	43.00	-	40.00	40.00	35.00	34.00	30.00	31.00	30.00	32.00	37.00
EBITDA Margin	-12.3%	0.10*	0.12*	0.11*	0.11*	0.11*	0.12*	0.11*	0.10*	0.10*	0.09*	0.10*	0.10*	0.11*	-	-	-	-	-	-	-	-
Income Taxes	-72.3%	1.00	5.00	4.00	4.00	4.00	2.00	5.00	6.00	6.00	2.00	3.00	-	4.00	3.00	1.00	3.00	3.00	6.00	2.00	2.00	3.00
Earnings Before Taxes	-72.1%	5.00	17.00	17.00	14.00	17.00	15.00	18.00	21.00	23.00	10.00	11.00	-	15.00	10.00	4.00	12.00	11.00	22.00	8.00	7.00	9.00
EBT Margin	-18.1%	0.07*	0.08*	0.08*	0.08*	0.08*	0.09*	0.08*	0.08*	0.07*	0.06*	0.05*	0.06*	0.06*	-	-	-	-	-	-	-	-
Net Income	-72.1%	4.00	13.00	13.00	11.00	13.00	13.00	14.00	16.00	17.00	7.00	8.00	-	11.00	7.00	3.00	9.00	8.00	17.00	6.00	5.00	7.00
Net Income Margin	-18.5%	0.05*	0.06*	0.06*	0.06*	0.06*	0.07*	0.06*	0.06*	0.05*	0.04*	0.04*	0.04*	0.05*	-	-	-	-	-	-	-	-
Free Cashflow	23.0%	15.00	12.00	18.00	17.00	17.00	15.00	10.00	21.00	2.00	28.00	-13.80	12.00	12.00	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	74.9%	947	542	531	543	556	543	550	554	517	485	495	430	420	400	366	355	349	353	357	353	346
Current Assets	10.6%	284	257	247	257	267	257	268	275	255	220	229	201	191	184	212	199	191	185	187	195	184
Cash Equivalents	8.1%	33.00	30.00	25.00	31.00	28.00	23.00	20.00	22.00	18.00	18.00	15.00	14.00	17.00	28.00	84.00	72.00	73.00	76.00	75.00	75.00	67.00
Inventory	15.6%	105	91.00	96.00	98.00	102	93.00	108	109	100	94.00	90.00	79.00	70.00	66.00	48.00	50.00	49.00	44.00	44.00	42.00	42.00
Net PPE	25.2%	135	108	107	107	106	102	98.00	95.00	92.00	92.00	90.00	84.00	83.00	74.00	54.00	54.00	54.00	55.00	56.00	57.00	59.00
Goodwill	225.2%	310	95.00	95.00	95.00	95.00	95.00	95.00	96.00	89.00	89.00	89.00	80.00	79.00	79.00	66.00	66.00	66.00	67.00	66.00	60.00	-
Liabilities	163.4%	655	249	249	268	291	286	305	317	293	275	-	-	-	211	-	-	-	-	-	-	-
Current Liabilities	-1.8%	162	165	164	164	175	138	153	160	149	133	128	127	114	142	125	120	120	83.00	89.00	87.00	87.00
Long Term Debt	1091.2%	381	32.00	34.00	53.00	63.00	94.00	98.00	104	92.00	91.00	111	58.00	71.00	38.00	38.00	37.00	37.00	77.00	77.00	77.00	77.00
LT Debt, Current	-24.7%	20.00	26.00	26.00	26.00	26.00	-	-	-	-	-	-	-	-	40.00	40.00	40.00	40.00	-	-	-	-
LT Debt, Non Current	-100.0%	-	32.00	34.00	53.00	63.00	94.00	98.00	104	92.00	91.00	111	58.00	71.00	38.00	38.00	37.00	37.00	77.00	77.00	77.00	77.00
Shareholder's Equity	-0.4%	292	293	282	274	265	256	245	237	224	209	206	202	194	189	188	182	176	167	164	162	158
Retained Earnings	-4.3%	-37.05	-35.52	-43.01	-50.72	-56.24	-63.98	-72.31	-80.97	-91.78	-104	-106	-109	-115	-117	-115	-119	-123	-135	-136	-136	-138
Additional Paid-In Capital	0.3%	324	323	321	320	317	316	313	312	309	307	306	304	303	301	299	298	297	296	296	294	293
Shares Outstanding	0.8%	37.00	37.00	37.00	37.00	37.00	37.00	36.00	36.00	36.00	36.00	36.00	36.00	-	-	-	-	-	-	-	-	-
Float	-	-	-	-	490	-	-	-	471	-	-	-	517	-	-	-	344	-	-	-	350	-

Cashflow (Last 12 Months)

(In Thousands)

Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	31.6%	20,270	15,400	22,134	22,852	25,786	21,862	16,460	27,007	7,292	31,370	-7,757	14,713	6,588	15,173	19,549	6,758	5,027	7,534	23,319	10,872	12,598
Share Based Compensation	-57.2%	682	1,593	686	2,488	1,904	2,268	1,308	2,133	1,727	595	772	676	1,153	771	1,417	693	653	-1,633	1,128	1,262	958
Cashflow From Investing	-10184.9%	-354,522	-3,447	-4,076	-6,016	-9,218	-10,038	-6,646	-29,713	-3,984	-3,603	-40,091	-134	-6,461	-67,082	-3,391	-3,099	-1,981	-4,602	-19,263	1,555	1,553
Cashflow From Financing	5098.1%	336,874	-6,740	-23,758	-14,548	-11,470	-8,962	-11,663	7,744	-3,436	-24,893	49,198	-17,689	-11,804	-3,697	-4,756	-4,727	-5,136	-2,234	-4,408	-4,578	-5,768
Dividend Payments	7.5%	5,345	4,974	4,970	5,022	5,274	4,925	4,938	4,995	4,939	4,895	4,892	4,903	4,906	4,855	4,834	4,837	4,899	4,792	4,791	4,793	4,940

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MYE Income Statement

2024-03-31

Condensed Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Income Statement [Abstract]
Net sales	$ 207,102	$ 215,739
Cost of sales	142,833	144,674
Gross profit	64,269	71,065
Selling, general and administrative expenses	53,457	52,081
(Gain) loss on disposal of fixed assets	(67)	27
Operating income	10,879	18,957
Interest expense, net	6,079	1,646
Income before income taxes	4,800	17,311
Income tax expense	1,297	4,335
Net income	$ 3,503	$ 12,976
Net income per common share:
Basic	$ 0.09	$ 0.35
Diluted	$ 0.09	$ 0.35

MYE Balance Sheet

2024-03-31

Condensed Consolidated Statements of Financial Position (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Current Assets
Cash	$ 32,730	$ 30,290
Trade accounts receivable, less allowances of $4,733 and $4,189, respectively	130,431	113,907
Other accounts receivable, net	8,818	14,726
Inventories, net	105,035	90,844
Prepaid expenses and other current assets	6,683	6,854
Total Current Assets	283,697	256,621
Property, plant, and equipment, net	135,155	107,933
Right of use asset - operating leases	34,560	27,989
Goodwill	310,260	95,392
Intangible assets, net	168,803	45,129
Deferred income taxes	209	209
Other	14,452	8,358
Total Assets	947,136	541,631
Current Liabilities
Accounts payable	81,494	79,050
Accrued employee compensation	14,626	17,104
Income taxes payable	5,612	4,253
Accrued taxes payable, other than income taxes	2,411	2,582
Accrued interest	4,883	1,112
Other current liabilities	26,281	28,472
Operating lease liability - short-term	6,708	5,943
Finance lease liability - short-term	604	593
Long-term debt - current portion	19,581	25,998
Total Current Liabilities	162,200	165,107
Long-term debt	381,045	31,989
Operating lease liability - long-term	27,195	22,352
Finance lease liability - long-term	8,461	8,615
Other liabilities	13,476	12,108
Deferred income taxes	63,108	8,660
Total Liabilities	655,485	248,831
Shareholders’ Equity
Serial Preferred Shares (authorized 1,000,000 shares; none issued and outstanding)	0	0
Common Shares, without par value (authorized 60,000,000 shares; outstanding 37,129,321 and 36,848,465; net of treasury shares of 5,423,136 and 5,703,992, respectively)	22,834	22,608
Additional paid-in capital	323,516	322,526
Accumulated other comprehensive loss	(17,646)	(16,815)
Retained deficit	(37,053)	(35,519)
Total Shareholders’ Equity	291,651	292,800
Total Liabilities and Shareholders’ Equity	$ 947,136	$ 541,631

About Myers Industries Inc

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, and Trilogy Plastics 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. The company was founded in 1933 and is headquartered in Akron, Ohio.

CEO	Mr. Michael P. McGaugh
WEBSITE	myersindustries.com
INDUSTRY	Packers
EMPLOYEES	2500

Myers Industries Inc Frequently Asked Questions

What is the ticker symbol for Myers Industries Inc? What does MYE stand for in stocks?

MYE is the stock ticker symbol of Myers Industries Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Myers Industries Inc (MYE)?

As of Fri May 17 2024, market cap of Myers Industries Inc is 611.29 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of MYE stock?

You can check MYE's fair value in chart for subscribers.

What is the fair value of MYE stock?

You can check MYE's fair value in chart for subscribers. The fair value of Myers Industries Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Myers Industries Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for MYE so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Myers Industries Inc a good stock to buy?

The fair value guage provides a quick view whether MYE is over valued or under valued. Whether Myers Industries Inc is cheap or expensive depends on the assumptions which impact Myers Industries Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for MYE.

What is Myers Industries Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri May 17 2024, MYE's PE ratio (Price to Earnings) is 15.52 and Price to Sales (PS) ratio is 0.76. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. MYE PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Myers Industries Inc's stock?

In the past 10 years, Myers Industries Inc has provided 0 (multiply by 100 for percentage) rate of return.