Myers Industries (NYSE:MYE) Hits New 12-Month High Following Earnings Beat

Posted by Francis Steltz on Jul 30th, 2026

Myers Industries, Inc. (NYSE:MYE – Get Free Report) shares hit a new 52-week high during mid-day trading on Thursday following a better than expected earnings announcement. The stock traded as high as $36.00 and last traded at $34.0350, with a volume of 27453 shares changing hands. The stock had previously closed at $32.89.

The industrial products company reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.17. Myers Industries had a net margin of 3.36% and a return on equity of 17.23%. The company had revenue of $179.20 million for the quarter, compared to analyst estimates of $166.00 million.

Myers Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Wednesday, June 17th were paid a $0.135 dividend. The ex-dividend date was Wednesday, June 17th. This represents a $0.54 annualized dividend and a yield of 1.6%. Myers Industries’s dividend payout ratio (DPR) is 77.14%.

Analyst Ratings Changes

A number of brokerages recently weighed in on MYE. Wall Street Zen downgraded shares of Myers Industries from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. KeyCorp raised their price objective on shares of Myers Industries from $26.00 to $37.00 and gave the stock an “overweight” rating in a report on Tuesday, June 30th. Finally, Weiss Ratings downgraded shares of Myers Industries from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 11th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $37.00.

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Institutional Investors Weigh In On Myers Industries

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada boosted its position in Myers Industries by 44.5% during the first quarter. Royal Bank of Canada now owns 24,684 shares of the industrial products company’s stock worth $295,000 after purchasing an additional 7,607 shares during the period. AQR Capital Management LLC raised its position in shares of Myers Industries by 148.8% in the first quarter. AQR Capital Management LLC now owns 166,990 shares of the industrial products company’s stock valued at $1,992,000 after purchasing an additional 99,881 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Myers Industries by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,835 shares of the industrial products company’s stock valued at $260,000 after buying an additional 936 shares in the last quarter. Millennium Management LLC lifted its stake in shares of Myers Industries by 2.7% during the 1st quarter. Millennium Management LLC now owns 911,626 shares of the industrial products company’s stock valued at $10,876,000 after buying an additional 23,866 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in Myers Industries by 12.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 320,996 shares of the industrial products company’s stock worth $3,829,000 after buying an additional 34,787 shares during the period. 90.82% of the stock is currently owned by institutional investors.

Myers Industries Stock Performance

The company has a market capitalization of $1.24 billion, a P/E ratio of 47.30 and a beta of 0.88. The company has a current ratio of 1.65, a quick ratio of 1.29 and a debt-to-equity ratio of 1.04. The company’s fifty day moving average is $28.26 and its 200 day moving average is $23.80.

Myers Industries Company Profile

(Get Free Report)

Myers Industries, Inc is a diversified manufacturer of polymer products serving industrial, commercial and consumer markets. The company designs, produces and markets a broad range of molded and fabricated plastic components, including pallets, bulk containers, tanks and drums used in material handling and storage applications. Myers Industries leverages proprietary polymer technologies to provide durable, reusable solutions that help customers optimize supply chain efficiency and reduce environmental impact.

Myers operates primarily through two business segments.