Research Analysts Offer Predictions for MYE Q2 Earnings

Myers Industries, Inc. (NYSE:MYE) – Equities research analysts at KeyCorp issued their Q2 2025 EPS estimates for Myers Industries in a report issued on Thursday, June 12th. KeyCorp analyst S. Barger forecasts that the industrial products company will post earnings of $0.32 per share for the quarter. KeyCorp has a “Overweight” rating and a $21.00 price objective on the stock. The consensus estimate for Myers Industries’ current full-year earnings is $0.95 per share. KeyCorp also issued estimates for Myers Industries’ Q3 2025 earnings at $0.24 EPS, Q4 2025 earnings at $0.23 EPS, FY2025 earnings at $1.02 EPS and FY2026 earnings at $1.56 EPS.

Separately, Wall Street Zen downgraded shares of Myers Industries from a “buy” rating to a “hold” rating in a research note on Saturday.

Myers Industries Stock Performance

Shares of NYSE:MYE opened at $14.67 on Monday. The company has a market cap of $548.40 million, a price-to-earnings ratio of 52.40 and a beta of 1.12. The company has a 50-day moving average price of $11.90 and a 200-day moving average price of $11.76. The company has a current ratio of 1.78, a quick ratio of 1.14 and a debt-to-equity ratio of 1.34. Myers Industries has a 12 month low of $9.06 and a 12 month high of $17.39.

Myers Industries (NYSE:MYE) last issued its quarterly earnings data on Thursday, May 1st. The industrial products company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.19 by $0.03. The firm had revenue of $206.75 million during the quarter, compared to the consensus estimate of $206.80 million. Myers Industries had a net margin of 1.26% and a return on equity of 14.02%.

Hedge Funds Weigh In On Myers Industries

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Gamco Investors INC. ET AL increased its position in shares of Myers Industries by 2.9% during the first quarter. Gamco Investors INC. ET AL now owns 3,482,902 shares of the industrial products company’s stock valued at $41,551,000 after buying an additional 99,417 shares during the period. Vanguard Group Inc. increased its position in shares of Myers Industries by 3.2% during the first quarter. Vanguard Group Inc. now owns 2,684,971 shares of the industrial products company’s stock valued at $32,032,000 after buying an additional 82,223 shares during the period. Allspring Global Investments Holdings LLC increased its position in shares of Myers Industries by 6.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 2,171,055 shares of the industrial products company’s stock valued at $26,726,000 after buying an additional 123,516 shares during the period. Renaissance Technologies LLC increased its position in shares of Myers Industries by 11.8% during the fourth quarter. Renaissance Technologies LLC now owns 1,586,991 shares of the industrial products company’s stock valued at $17,520,000 after buying an additional 167,894 shares during the period. Finally, Gabelli Funds LLC increased its position in shares of Myers Industries by 0.8% during the first quarter. Gabelli Funds LLC now owns 1,575,150 shares of the industrial products company’s stock valued at $18,792,000 after buying an additional 12,000 shares during the period. Hedge funds and other institutional investors own 90.82% of the company’s stock.

Myers Industries declared that its Board of Directors has initiated a stock repurchase plan on Thursday, March 6th that authorizes the company to buyback $10.00 million in outstanding shares. This buyback authorization authorizes the industrial products company to reacquire up to 2.2% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Myers Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Wednesday, June 18th will be given a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a dividend yield of 3.68%. The ex-dividend date is Wednesday, June 18th. Myers Industries’s dividend payout ratio is currently 192.86%.

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.