Myers Industries (NYSE:MYE) Stock Rating Lowered by KeyCorp

Myers Industries (NYSE:MYE) was downgraded by investment analysts at KeyCorp from an “overweight” rating to a “sector weight” rating in a research note issued on Wednesday, Marketbeat.com reports. KeyCorp also issued estimates for Myers Industries’ FY2026 earnings at $1.58 EPS.

Myers Industries Price Performance

NYSE:MYE opened at $11.88 on Wednesday. The firm has a market cap of $442.20 million, a P/E ratio of 28.29 and a beta of 1.23. The stock has a 50 day moving average of $13.21 and a two-hundred day moving average of $14.80. Myers Industries has a 12 month low of $10.77 and a 12 month high of $23.63. The company has a current ratio of 1.81, a quick ratio of 1.16 and a debt-to-equity ratio of 1.32.

Myers Industries (NYSE:MYE) last issued its earnings results on Monday, November 4th. The industrial products company reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.04). The business had revenue of $205.07 million during the quarter. Myers Industries had a net margin of 1.88% and a return on equity of 14.53%. During the same period last year, the business earned $0.38 EPS. On average, analysts expect that Myers Industries will post 1.13 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Quest Partners LLC purchased a new stake in Myers Industries in the third quarter valued at approximately $150,000. Metis Global Partners LLC acquired a new stake in shares of Myers Industries in the third quarter valued at $192,000. Victory Capital Management Inc. raised its holdings in shares of Myers Industries by 1.1% in the 3rd quarter. Victory Capital Management Inc. now owns 1,034,125 shares of the industrial products company’s stock valued at $14,292,000 after buying an additional 11,434 shares during the period. GSA Capital Partners LLP acquired a new position in Myers Industries during the 3rd quarter worth about $246,000. Finally, Versor Investments LP purchased a new position in Myers Industries during the 3rd quarter valued at about $218,000. Institutional investors and hedge funds own 90.82% of the company’s stock.

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.