TD Cowen downgraded Myers Industries from Outperform to Market Perform and set a new price target of $23.75 from $28.50 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/6/2024 | Overweight → Sector Weight | KeyBanc Capital Markets | |
| 3/2/2023 | $28.50 → $23.75 | Outperform → Market Perform | TD Cowen |
| 8/24/2021 | $25.00 → $27.00 | Overweight | Keybanc |
Myers Industries Inc. (NYSE:MYE), a leading manufacturer of a wide range of polymer and metal products and distributor for the tire, wheel and under-vehicle service industry (the "Company" or "Myers"), today announced that its Board of Directors (the "Board") has appointed Aaron M. Schapper as the Company's new President and Chief Executive Officer, effective January 1, 2025. Mr. Schapper will succeed Dave Basque, who has been serving as Myers' Interim President and CEO since September 9, 2024, and who will return to his role as Vice President, Special Projects. Mr. Schapper will also join the Board in January. This press release features multimedia. View the full release here: https://www
NEW YORK, Nov. 19, 2024 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and S&P SmallCap 600: Flex Ltd (NASD: FLEX) will replace Azenta Inc. (NASD: AZTA) in the S&P MidCap 400, and Azenta will replace Envestnet Inc. (NYSE:ENV) in the S&P SmallCap 600 effective prior to the opening of trading on Monday, November 25. Bain Capital is acquiring Envestnet in a deal expected to be completed soon, pending final closing conditions. Azenta's market capitalization is no longer representative of the mid-cap market space.Concentra Group Holdings Inc. (NYSE:CON) will replace Myers Industries Inc. (NYSE:MYE) in the S&P SmallCap 600 effective prior to the openin
Improved gross margins and adjusted EBITDA driven by strong performance of Signature Systems Ongoing demand headwinds within certain end markets expected for the remainder of 2024 Continued focus on cost reduction; additional $15 million of annualized run rate cost savings targeted by 2025 Full-year guidance revised to $0.92 - $1.02 for adjusted earnings per share Myers Industries Inc. (NYSE:MYE), a leading manufacturer of a wide range of polymer and metal products and distributor for tire, wheel, and under vehicle service industry, today announced results for the third quarter ended September 30, 2024. Third Quarter 2024 Financial Highlights Net sales of $205.1 million compared with
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8-K - MYERS INDUSTRIES INC (0000069488) (Filer)
KeyBanc Capital Markets downgraded Myers Industries from Overweight to Sector Weight
TD Cowen downgraded Myers Industries from Outperform to Market Perform and set a new price target of $23.75 from $28.50 previously
Keybanc reiterated coverage of Myers Industries with a rating of Overweight and set a new price target of $27.00 from $25.00 previously
Myers Industries Inc. (NYSE:MYE), a leading manufacturer of a wide range of polymer and metal products and distributor for the tire, wheel and under-vehicle service industry (the "Company" or "Myers"), today announced that its Board of Directors (the "Board") has appointed Aaron M. Schapper as the Company's new President and Chief Executive Officer, effective January 1, 2025. Mr. Schapper will succeed Dave Basque, who has been serving as Myers' Interim President and CEO since September 9, 2024, and who will return to his role as Vice President, Special Projects. Mr. Schapper will also join the Board in January. This press release features multimedia. View the full release here: https://www
NEW YORK, Nov. 19, 2024 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and S&P SmallCap 600: Flex Ltd (NASD: FLEX) will replace Azenta Inc. (NASD: AZTA) in the S&P MidCap 400, and Azenta will replace Envestnet Inc. (NYSE:ENV) in the S&P SmallCap 600 effective prior to the opening of trading on Monday, November 25. Bain Capital is acquiring Envestnet in a deal expected to be completed soon, pending final closing conditions. Azenta's market capitalization is no longer representative of the mid-cap market space.Concentra Group Holdings Inc. (NYSE:CON) will replace Myers Industries Inc. (NYSE:MYE) in the S&P SmallCap 600 effective prior to the openin
Dave Basque, Vice President of Special Projects and Former Vice President in Myers' Material Handling Segment, Named Interim President and CEO Board Has Initiated a Search for a New CEO Myers Industries Inc. (NYSE:MYE), a leading manufacturer of a wide range of polymer and metal products and distributor for the tire, wheel and under-vehicle service industry, today announced a leadership transition to support the continued transformation of the Company. The Board of Directors has appointed Dave Basque, Myers Industries' Vice President, Special Projects, to the additional role of Interim President and CEO, replacing Mike McGaugh, effective immediately. Dave Basque will serve in that role un
Improved gross margins and adjusted EBITDA driven by strong performance of Signature Systems Ongoing demand headwinds within certain end markets expected for the remainder of 2024 Continued focus on cost reduction; additional $15 million of annualized run rate cost savings targeted by 2025 Full-year guidance revised to $0.92 - $1.02 for adjusted earnings per share Myers Industries Inc. (NYSE:MYE), a leading manufacturer of a wide range of polymer and metal products and distributor for tire, wheel, and under vehicle service industry, today announced results for the third quarter ended September 30, 2024. Third Quarter 2024 Financial Highlights Net sales of $205.1 million compared with
Myers Industries, Inc. (NYSE:MYE) today announced that its Board of Directors has approved a quarterly cash dividend of $0.135 per share payable on January 3, 2025, to shareholders of record as of December 3, 2024. About Myers Industries Myers Industries, Inc. is a leading manufacturer of a wide range of polymer and metal products for industrial, agricultural, automotive, commercial and consumer markets. The Company is also the largest distributor of tools, equipment and supplies for the tire, wheel, and under-vehicle service industry in the U.S. Visit www.myersindustries.com to learn more. M-INV View source version on businesswire.com: https://www.businesswire.com/news/home/202410250254
Myers Industries, Inc. (NYSE:MYE) today announced that it will report financial results for the third quarter of 2024 on Monday, November 4, 2024, after market close. The Company will host a conference call the same day at 4:30 p.m. Eastern Time to review its performance. Investors and analysts may access the call by registering with the following participation link: https://www.netroadshow.com/events/login?show=2acccce1&confId=72128. Upon registering, each participant will receive call details and a registrant ID. Reminders will be sent to registered participants via email. Alternatively, the conference call will be available via a live webcast. To access the live webcast, visit the Compa
Myers Indus's (NYSE:MYE) short percent of float has risen 24.88% since its last report. The company recently reported that it has 692 thousand shares sold short, which is 2.71% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.49 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is
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Shares of Beyond, Inc. (NYSE:BYON) fell sharply during Tuesday’s session following weaker-than-expected quarterly results. Beyond posted adjusted loss of $1.22 per share, versus estimates for a loss of 87 cents per share. The company’s sales came in at $382.281 million versus estimates of $389.264 million, according to data from Benzinga Pro. Beyond shares dipped 20.8% to $17.34 on Tuesday. Here are some other stocks moving in today’s mid-day session. Gainers Golden Sun Health Technology Group Limited (NASDAQ:GSUN) shares gained 94.7% to $5.60. Golden Sun Health Technology Group regained compliance with Nasdaq continued listing requirement. MMTec, Inc. (NASDAQ:MTC) gained