
Myers (MYE) Stock Forecast & Price Target
Myers (MYE) Analyst Ratings
Bulls say
Myers Industries Inc has demonstrated a positive financial outlook, driven by significant sales growth in its Scepter line, which increased approximately 60% year-over-year, bolstered by storm-related demand and a defense contract. The company expects continued strong performance from its core markets, including RV, Marine, and Consumer sectors, which could support earnings growth above current estimates for fiscal years 2025-2026, provided a long-term CEO is announced and strategic initiatives are implemented effectively. Additionally, cost improvements, manufacturing efficiencies, and ongoing strength in the Storage, Handling, and Protection segment contribute to a solid foundation for long-term growth prospects.
Bears say
Myers Industries Inc has faced persistent challenges, with a 34% year-over-year decline in 3Q EPS to $0.25, primarily attributed to ongoing end market weakness in their legacy roto/blow molding businesses and Distribution segment, which is expected to continue into 4Q. The company is reducing its FY25 EPS estimate from $1.50 to $1.17 amid a projected low single-digit to mid-single-digit revenue growth, impacted by a downturn in organic sales for FY24. Additionally, various risks such as economic cyclicality, competitive pressures, and difficulties with acquisition integration are contributing to a negative sentiment regarding the company's future financial performance.
This aggregate rating is based on analysts' research of Myers and is not a guaranteed prediction by Public.com or investment advice.
Myers (MYE) Analyst Forecast & Price Prediction
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