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Myers Industries, Inc is a packaging & containers business based in the US. Myers Industries shares (MYE) are listed on the NYSE and all prices are listed in US Dollars. Myers Industries employs 2,400 staff and has a trailing 12-month revenue of around 0.00.
|52-week range||$9.63 - $23.82|
|50-day moving average||$20.73|
|200-day moving average||$19.27|
|Wall St. target price||$24.33|
|Dividend yield||$0.54 (2.5%)|
|Earnings per share (TTM)||$1.02|
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Valuing Myers Industries stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Myers Industries's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Myers Industries's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 21x. In other words, Myers Industries shares trade at around 21x recent earnings.
That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.
Myers Industries's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 14.87. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Myers Industries's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.
Myers Industries's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $62.2 million.
The EBITDA is a measure of a Myers Industries's overall financial performance and is widely used to measure a its profitability.
|Revenue TTM||$510.4 million|
|Operating margin TTM||8.16%|
|Gross profit TTM||$172 million|
|Return on assets TTM||6.91%|
|Return on equity TTM||20.67%|
|Market capitalisation||$780.6 million|
TTM: trailing 12 months
There are currently 658,654 Myers Industries shares held short by investors – that's known as Myers Industries's "short interest". This figure is 2.2% up from 644,210 last month.
There are a few different ways that this level of interest in shorting Myers Industries shares can be evaluated.
Myers Industries's "short interest ratio" (SIR) is the quantity of Myers Industries shares currently shorted divided by the average quantity of Myers Industries shares traded daily (recently around 226341.58075601). Myers Industries's SIR currently stands at 2.91. In other words for every 100,000 Myers Industries shares traded daily on the market, roughly 2910 shares are currently held short.
However Myers Industries's short interest can also be evaluated against the total number of Myers Industries shares, or, against the total number of tradable Myers Industries shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Myers Industries's short interest could be expressed as 0.02% of the outstanding shares (for every 100,000 Myers Industries shares in existence, roughly 20 shares are currently held short) or 0.0272% of the tradable shares (for every 100,000 tradable Myers Industries shares, roughly 27 shares are currently held short).
Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Myers Industries.
Find out more about how you can short Myers Industries stock.
Dividend payout ratio: 62.79% of net profits
Recently Myers Industries has paid out, on average, around 62.79% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 2.5% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Myers Industries shareholders could enjoy a 2.5% return on their shares, in the form of dividend payments. In Myers Industries's case, that would currently equate to about $0.54 per share.
Myers Industries's payout ratio would broadly be considered high, and as such this stock could appeal to those looking to generate an income. Bear in mind however that companies should normally also look to re-invest a decent amount of net profits to ensure future growth.
Myers Industries's most recent dividend payout was on 1 April 2021. The latest dividend was paid out to all shareholders who bought their shares by 16 March 2021 (the "ex-dividend date").
Myers Industries's shares were split on a 11:10 basis on 10 August 2004. So if you had owned 10 shares the day before before the split, the next day you'd have owned 11 shares. This wouldn't directly have changed the overall worth of your Myers Industries shares – just the quantity. However, indirectly, the new 9.1% lower share price could have impacted the market appetite for Myers Industries shares which in turn could have impacted Myers Industries's share price.
Over the last 12 months, Myers Industries's shares have ranged in value from as little as $9.6342 up to $23.8174. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while Myers Industries's is 1.4578. This would suggest that Myers Industries's shares are more volatile than the average for this exchange and represent, relatively-speaking, a higher risk (but potentially also market-beating returns).
Myers Industries, Inc. manufactures and sells polymer products for industrial, agricultural, automotive, commercial, and consumer markets in the United States and internationally. It operates through two segments, Material Handling and Distribution. The Material Handling segment designs, manufactures, and markets various plastic and metal products, including plastic reusable material handling containers and small parts storage bins, plastic recreational vehicle tanks and parts, marine tanks and parts, portable plastic fuel tanks and water containers, portable marine fuel containers, ammunition containers, storage totes, bulk shipping containers, and metal carts and cabinets. It serves industrial manufacturing, food processing, retail/wholesale products distribution, agriculture, automotive, recreational vehicles, marine vehicles, healthcare, appliance, bakery, electronics, textiles, consumer, and other markets under the Buckhorn, Akro-Mils, Jamco, Ameri-Kart, and Scepter brands directly, as well as through distributors. The Distribution segment engages in the distribution of tools, equipment, and supplies for tire, wheel, and undervehicle 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. This segment serves retail and truck tire dealers, commercial auto and truck fleets, auto dealers, general service and repair centers, tire retreaders, and government agencies.
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