E Daily Stock Analysis: Myers Industries (MYE)

Myers Industries Inc. has the ticker symbol MYE and is a small cap member of the consumer cyclical sector as a packaging and containers firm. This is my first report on Myers Industries Inc for this Vista folio or any of my other five folios for that matter.

Myers Industries Inc is a plastic manufacturer of returnable packaging, storage and safety products, and specialty molding. It manufactures a range of polymer products for industrial, agricultural, automotive, commercial, and consumer markets. 

It operates through two segments: (1) The Material Handling segment, which designs manufactures, and markets a variety of plastic and metal products. (2) The Distribution segment offers tools, equipment, and supplies used for tire, wheel, and under-vehicle service on passenger, heavy truck, and off-road vehicles.

Stock, Trading, Monitor, Business, Finance, Exchange

Image source: Pixabay

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

Three key data points gauge dividend equities or funds like Myers Industries Inc (MYE):

(1) Price

(2) Dividends

(3) Returns

Those three basic keys best tell whether a company has made, is making, and will make money. 

MYE Price

Myers's price per share closed at $21.34 yesterday. One year ago its price was $11.42. Thus, the price per share has grown 86.9% as it recovered from last-year's Covid market slump. 

Should Myers Industries Inc. stock trade in the range of $12 to $26.00 this year, its recent $21.34 price might rise by $3.66 to reach $25.00 by May 12, 2022. My estimate agrees with the median of two estimates from analysts tracking MYE..

MYE Dividends

Myers's most recent quarterly dividend of $0.135 was paid April 2nd and equates to $0.54 annually and yields 2.53% at yesterday's $21.34 closing price. Myers Industries Inc has paid quarterly dividends generally increasing annually for 32 years. 

MYE Returns

Adding the $0.54 annual Myers Industries Inc forward-looking dividend to my $3.66 price upside estimate shows a $4.20 potential gross gain, per share, to be reduced by any costs to trade the shares.  

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Disclaimer:  This article is for informational and educational purposes only and should not be construed to constitute investment advice. Nothing contained herein shall constitute a ...

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